Scania to appeal tax deduction denial

Newswire

STOCKHOLM, Dec 19 (Reuters) - Scania , Europe's third-biggest truck maker, said on Friday tax authorities had denied its claim for tax deduction due to a loss of 2.9 billion Swedish crowns ($397 million). "The total effect on Scania's income could reach 575 million crowns as a maximum, in the case the full deduction is not be approved," the company said in a statement. Scania said it would appeal the tax board's decision.

Premium Content (PAID Subscription Required)

"Scania to appeal tax deduction denial" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×