The Finnish tax authorities have argued, for the years 2007-10, that intercompany pricing between the Russian factory and the Finnish sales operation was too high, i.e. profits generated in Finland were ‘artificially’ lowered. The subsequent years have, up to now, not been audited by the tax authorities. The Board of Adjustment of the Finnish Tax Administration has now ruled that the total tax claim of €94m (including penalties and interest), which had been charged to the com
07 Nov 2016
Nokian Renkaat will dispute the Finnish income tax claim
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Nokian Renkaat will dispute the Finnish income tax claim
Nokian Renkaat Oyj (NRE1:WBO) | 0 0 1.9% | Mkt Cap: 5,194m
- Published:
07 Nov 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
The Finnish tax authorities have argued, for the years 2007-10, that intercompany pricing between the Russian factory and the Finnish sales operation was too high, i.e. profits generated in Finland were ‘artificially’ lowered. The subsequent years have, up to now, not been audited by the tax authorities. The Board of Adjustment of the Finnish Tax Administration has now ruled that the total tax claim of €94m (including penalties and interest), which had been charged to the com