New Finnish tax laws reduce TeliaSonera´s deferred tax asset
New Finnish tax laws reduce TeliaSonera's deferred tax asset On June 30, 2004, the Finnish Parliament passed new tax laws which include, among other things, a reduction in the Finnish corporate income tax rate from 29 percent to 26 percent from the beginning of tax year 2005. As disclosed in TeliaSonera's Annual Report 2003, the change will reduce TeliaSonera's deferred tax asset, since TeliaSonera has mainly deferred tax assets in Finland. According to a preliminary analysis and based on the amount of deferred tax asset at the end of Q1 2004, TeliaSonera will report a reduction in deferred