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Fiskars reports receipt of decision from the Board of Adjustment in the Finnish Large Taxpayers' Office.

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NORDIC BUSINESS REPORT-March 27, 2019-Fiskars reports receipt of decision from the Board of Adjustment in the Finnish Large Taxpayers' Office

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Finnish consumer goods company Fiskars Oyj Abp (HEL:FSKRS) announced on Tuesday the receipt of a decision from the Board of Adjustment in the Finnish Large Taxpayers' Office, which the company plans to appeal.

Reportedly, the Board of Adjustment in the Finnish Large Taxpayers' Office has maintained the decision from the Large Taxpayers' Office, which obliged the company to pay EUR28.3m in additional tax, interest and punitive increases, as a result of a tax audit carried out in 2014.

According to Fiskars, this decision concerns intra-group loans forgiven by the company in 2003 and their tax treatment in subsequent tax years.

Fiskars said it is disappointed with the decision of the Board of Adjustment and consider it unfounded. The company plans to...

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