Cision: the Administrative Court of Appeal Overrules Decision by the Swedish Tax Agency.STOCKHOLM, Sweden -- Regulatory News: Cision (STO:CSN CSN Crosby, Stills, and Nash (band) CSN Centrala studiestödsnämnden (Swedish: state education grant and loan program) CSN Confédération des Syndicats Nationaux (French) ): In the tax dispute regarding the sale of Sifo Research & Consulting, The Administrative Court of Appeal overruled the County Administrative Court's ruling on the Swedish Tax Agency's decision to increase Cision AB's taxable income Under the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. for the year 2000 by approximately 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. 440 million, which would have resulted in a tax charge of SEK 173 million, including surcharges but excluding interest costs. Since Cision did not allocate any reserves for the potential tax expense, the decision by the court has no impact on the Group's results or financial position. Cision improves clients' performance through integrated services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption. and software solutions for reputation and campaign management, media monitoring and research of media contacts. Cision AB Cision AB, formerly known as Observer AB, is a Reputation Management and Media Intelligence firm for corporate clients. They consult on communications processes, marketing, public relations and investor relations. Their head office is located in Stockholm, Sweden. is quoted on the Nordic Exchange and has approx. 17 000 shareholders. The company has around 2,600 employees and a turnover of SEK 1.9 billion in 2007. Cision operates in the US, UK, Sweden, Canada, Germany, Norway, Finland, Denmark, Portugal, Lithuania, the Netherlands and China and has partners in another 125 countries. This information was brought to you by Cision http://newsroom.cision.com |
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