Ikea won 835 million tax appeal

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Swedish Tax Agency wanted to revise the taxes upwards for Ikea with 835 million SEK. But the administrative court in Växjö chose the furniture chain’s line in its judgment.

Smålandsposten reports that the Court has concluded that the company Ikea of Sweden AB has followed the rules for transfer pricing between companies. Thus there is no basis “for income correction in accordance with the Swedish Tax Agency’s decision”, according to the judgment.

The Swedish Tax Agency has the opportunity to appeal to the Appeal.