Sandvik comments on tax ruling
Sandvik comments on tax ruling The Administrative Court of Appeal in Sundsvall has ruled to revise the taxes upward for Sandvik AB for the 1992 and 1993 fiscal years. The case involves internal pricing matters in which Sandvik and the Swedish Tax Board differ regarding interpretation of the application of the regulatory system. In a reversal of an earlier ruling in the County Administrative Court in Gävleborg, the Court of Appeal chose to fully support the Tax Board's position. Sandvik will therefore be forced to pay about SEK 185 M in taxes, supplemental tax fees and interest. Sandvik has