Bure Wins Tax Case in the Administrative Court of Appeal of Sek 187M.

Business Editors

STOCKHOLM--(BUSINESS WIRE)--May 2, 2000

Bure Bure can be:

River Bure, a river in Norfolk,England.
Bure, Belgium, a small village in the Belgian province of Luxembourg, known for the Chantoir (sinkhole) de Bure.
Bure Equity, Swedish investment company.
Bure, Switzerland, municipality of the Canton of Jura.

has received judgement from the Administrative Court of Appeal in Gothenburg regarding its status as investment company in 1993. The Administrative Court of Appeal confirms the decision of the County Administrative Court and rejects the Tax Authority's appeal. The County Administrative Court is therefore in line with Bure and decides that the Company will be taxed as an investment company for the 1993 full-year.

In Bure's 1999 Annual Report, SEK SEK

In currencies, this is the abbreviation for the Swedish Krona.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 187M has been booked under contingent liabilities Contingent Liability

1. The possibility of an obligation to pay certain sums dependent on future events.

2. Defined obligations by a company that must be met, but the probability of payment is minimal.

Notes:
1. as the cost that Bure would have suffered if the tax had case been lost.

Please visit http://www.bit.se for further information.

The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2000/05/02/20000502BIT00420/bit0001.doc http://www.bit.se/bitonline/2000/05/02/20000502BIT00420/bit0002.pdf

COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.

Reader Opinion

Article Details
Printer friendly Cite/link Email Feedback
Publication:	Business Wire
Date:	May 2, 2000
Words:	139
Previous Article:	Ratos To Complete Acquisition of Farr and Raise Investment in Merged Camfil/Farr.
Next Article:	United Dominion Realty Trust, Inc. Announces First Quarter 2000 Operating Results.

Related Articles
Yes, you can fight City Hall ... and win!
Eleventh Circuit directs Tax Court to develop test for substantial understatement penalty.
Mediating with the IRS.
The Tax Court exam.
Justice in New Mexico - the Conoco and Intel cases.
New IRS procedures for worker classification disputes.
New study shows anti-plaintiff bias in federal civil appeals.
Tax Court had no jurisdiction over nonrequesting spouse's petition.
Court review of IRS abuse of discretion.