Breaking News


CORRECT: NC Advisory AB May Need Capital If Tax Case Lost: DI

(Corrects to clarify name of entity involved in tax case in headline, from first paragraph.)

Nordic Capital’s Swedish advisory firm NC Advisory AB is confident it will win a court case against Sweden’s tax agency, which demands that private equity firm pays retroactive additional taxes of SK702m, Dagens Industri reports, citing NC Advisory. * Nordic Capital’s Swedish advisory firm has consulted more than 20 lawyers, which are all convinced it will win, its CFO Klas Tikkanen says, according to Dagens Industri * Court proceedings involving NC Advisory, tax agency start later this year; final ruling likely before Christmas: DI * NC Advisory has SK75m in own capital and wouldn’t be able to pay the tax authorities’ demand if it loses the case and payment of the additional taxes isn’t deferred; would need more capital to avoid bankruptcy if it loses case: Tikkanen * NOTE: Related article: Sweden’s Carried Interest Tax Crusade Jeopardizes Haven Status

To contact the reporter on this story: Niklas Magnusson in Stockholm at

To contact the editor responsible for this story: Stephen Foxwell at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.