October 7, 2016 / 2:57 PM / 10 months ago

BRIEF-Swedish court says denies Ericsson tax deduction

1 Min Read

STOCKHOLM, Oct 7 (Reuters) -

** Ericsson is denied a deduction of a little more than 5 billion SEK ($579 million) for a loan it gave to partly owned ST Ericsson in 2012, the Administrative Court in Stockholm said in a press release

** Ericsson had appealed against a decision from Swedish tax authorities not to approve the deduction ($1 = 8.6382 Swedish crowns)

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