Fabege comments on ongoing tax cases
As previously announced, the Swedish Tax Agency has decided to increase taxation on the Fabege Group concerning a number of property sales through limited partnerships. The transactions derive from Tornet, the old Fabege and Wihlborgs during the years 2003-2005. The combined increase taxation amounts unchanged to SEK 8,368m. The decisions have resulted in total tax demands including penalty and fees of SEK 2,692m. On 30 May, the Supreme Administrative Court (SAC) announced a verdict in what is known as the Cyprus case. SAC’s ruling entails that the Swedish Tax Evasion Act was deemed