County Administrative Court affirms Swedish Tax Agency’s ruling
County Administrative Court affirms Swedish Tax Agencys rulingSolna, Sweden, December 10, 2010ICA has previously released information, including in its interim and annual reports, on a tax dispute concerning interest deductions for the period 2004-2008. The County Administrative Court has now affirmed the Swedish Tax Agencys decision to deny ICA interest deductions of approximately SEK 3.5 billion. The tax claim amounts to approximately SEK 1.2 billion. After previous rulings, the Swedish Tax Agency has adjusted the amounts downward."The County Administrative Courts decision is