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BRIEF-‍Hoist Finance says it has received negative tax ruling​
October 12, 2017 / 10:05 PM / a month ago

BRIEF-‍Hoist Finance says it has received negative tax ruling​

Oct 12 (Reuters) - Hoist Finance AB (Publ)

* ‍Hoist Finance has received negative tax ruling​

* Subsidiary Hoist Finance services AB has today received a tax ruling from Administrative Court concerning a tax case

* ‍The matter concerns additional tax and surtax of approximately SEK 44 million for financial years 2012-2014​

* ‍Administrative Court’s ruling means that company is not allowed to deduct tax loss carry forwards for fiscal years 2012-2014​

* ‍Hoist Finance insists that Co has followed applicable laws for taxation of its operations and will appeal decision to Court​

* ‍Co believes that it is more likely than not that Administrative Court of Appeal will rule in Hoist Finance’s favour​ Source text for Eikon: Further company coverage: ))

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