OrbitaxProposal to grant foreign tax credit for taxes paid on indirect foreign investments
|Proposed Changes|Sweden
A proposal (Prop. 2005/06:17) to amend the provisions of the Foreign Tax Credit Law was submitted to the parliament on 29 September 2005. If approved, the new rules will enter into force on 1 January 2006 and apply retroactively from the assessment year 2000 onwards. Details of the proposal are summarized below.
Under current rules, Swedish resident legal entities and non-resident entities…
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