US EditionTaxpayer Wins Capital Gains Tax Appeal over £4.8m Share Purchase
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5 Articles
Petter Stordalen lost in the Court of Appeal – assessing the verdict – Stordalen has lost the case completely, says the 50-page, unanimous verdict from the Borgarting Court of Appeal. Government Attorney Nils Sture Nilsson, who led the case for the state, is satisfied with the outcome. – The Tax Administration is satisfied that the Court of Appeal has concluded that there is a basis for a cut-off and that the entire paid-in capital of three bil…
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Now he must pay over 400 million kroner if the verdict stands. Stordalen says through his lawyer that he is disappointed and disagrees.
Petter Stordalen lost his tax case against the state in both the district court and the court of appeal. Stordalen came out even worse in the court of appeal than in the district court's verdict.
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