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Buyout Funds in ‘Shock’ as Swedish Tax Nightmare Becomes Reality

  • Verdict is biggest landslide to hit the industry, EQT CEO says
  • Thomas von Koch says it would be ‘easy’ for PE firms to move
Updated on

The biggest private equity fund in the Nordic region says a recent Swedish tax decision may be devastating to investments in the country.

Thomas von Koch, the managing partner running EQT AB from Stockholm, says he’s in shock after a Swedish court ruled that he and others working in his industry will need to treat income from investments as salary. The decision, which affects income earned as long as a decade ago, may make it hard for parts of the industry to continue operating in the country, von Koch said.