Analyst Research

Report Title Price
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Thomson Reuters StreetEvents
Provider: Thomson Reuters StreetEvents

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Swedish Tax Agency Imposes SEK 212 Million Energy Tax Liability for Boliden AB

Friday, 17 May 2013 10:04am EDT 

Boliden AB announced that as previously informed the Swedish Tax Agency had stated, after a preliminary review, that it intended to impose an energy tax liability of SEK 212 million, plus interest, on the Company for the improper use of dyed diesel at the Aitik mine during the period from April 2009 to October 2012. On May 10, 2013, the Swedish Tax Agency announced its decision to impose a liability in accordance with this review. Boliden has stated that the error was purely administrative in nature and that the tax liability now imposed is in the Company's view disproportionate to the nature and scale of the error. The Company stated that it has derived no financial gain from using wrongly dyed diesel and that the correct tax has been paid in accordance with the legislator’s intentions and when the mistake was discovered in October 2012, Boliden immediately contacted both the supplier in order to switch to the correctly dyed diesel, and the Swedish Tax Agency in order to inform them of what had happened. Boliden intends to appeal the ruling and no provision has consequently been made. 

Related Company News

Company Quote

-0.1 -0.09%
11:23am EDT