THE SUPREME ADMINISTRATIVE COURT?S RULING ON YIT?S RESIDUAL TAXES FOR 1997
YIT CORPORATION STOCK EXCHANGE RELEASE, JUNE 21, 2006 14:45THE SUPREME ADMINISTRATIVE COURTS RULING ON YITS RESIDUAL TAXES FOR 1997The Supreme Administrative Court granted YIT a leave to appeal concerning the ruling by the Administrative Court on May 27, 2004 to brought into force the residual taxes levied in 1997. After hearing the appeal the Supreme Administrative Court ruled by a majority of votes 4-3 that the ruling of the Helsinki Administrative Court is to remain unchanged. According to the ruling, YIT Corporation is not entitled to deduct the confirmed tax losses of its merged