Vacon Oyj: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Vacon Oyj Announces Decision in Tax Proceedings Relating to Transfer Pricing
Vacon Oyj announced that Vacon Oyj, the parent company of Vacon Group, has had tax proceedings in progress relating to a tax inspection of its transfer pricing in the period between 2007 and 2008. According to information received by the Company from the Finnish Large Taxpayers' Office, after examining the case the tax authority has stated that it is not demanding a correction from Vacon to its taxation in the period between 2007 and 2008. The tax authority has previously given up its demands in relation to 2006. In its interim review, the Company assessed these tax proceedings as one of the key risks and uncertainties facing the Company in the near future. On the basis of the decision obtained, the Company announced that it considers that there are no risks or uncertainties relating to this matter.
Latest Developments for Vacon Oyj
- Danfoss to commence mandatory redemption process for remaining Vacon shares
- Danfoss to initiate compulsory redemption proceedings for remaining Vacon shares
- Preliminary result of Danfoss's tender offer for all shares in Vacon
- Vacon Oyj says Danfoss receives approvals for tender offer for all shares in Vacon
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