taxnews.ey.comPrint

19 March 2018

Swedish Ministry of Finance proposes amendments to CFC legislation

The Swedish Ministry of Finance (MoF) issued a memorandum on February 26, proposing changes to the current Swedish controlled foreign company (CFC) legislation, in light of the adoption of the European Union (EU) Anti-Tax Avoidance Directive (ATAD). In general, the MoF has found that the current CFC legislation is in partial compliance with the EU directive, but certain changes are required in order to reach full compliance with the ATAD. In particular, the proposal provides that the so-called "Whitelist" — which exempts legal entities in certain jurisdictions from CFC taxation — will apply in fewer situations.

A Global Tax Alert, attached below, provides additional details.

———————————————
ATTACHMENT

Document ID: 2018-0595

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2025, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement