Swedish PE-firms facing tax investigation

The tax office claims that profits generated from the sale of companies and shared between partners at respective PE-firms should be taxed according to the standard income tax rate. The partners of these PE-firms are facing combined tax claims of several billion Swedish kronor if found to be in breach of regulations.

The firms under investigation have not been disclosed, though some names have been published in local media. According to Dagens Industri, Nordic Capital could be forced to pay an extra SEK 1.3bn in tax, while the founders of EQT and IK are facing an increase in tax of SEK 40m each.

It is believed that the private equity firms have formed a lobbying group and have entered discussions with the tax office. Skatteverket is contemplating a change in the tax law.

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• Topics
• Nordics
• Financials
• Regulation
• Sweden
• tax