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Provider: Reuters Investment Profile
Provider: Reuters Investment Profile

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Transcom WorldWide SA reaches settlement agreement resolving tax dispute in Italy concerning FY 2006

Wednesday, 18 Dec 2013 02:30am EST 

Transcom WorldWide SA:Says it has reached an agreement with the Italian tax authorities, resolving the remaining tax dispute concerning the 2006 fiscal year.Says the agreed-upon amount, 2.0 million euros, is 1.7 million euros lower than the gross provision booked against the initial tax claim for 2006, amounting to 3.7 million euros.Says that as a result of this agreement there will be a 1.7 million euros positive effect on net income in the fourth quarter of 2013. 

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