Sweden: Million Pound Damages for Wrong Tax Advice

Abstract

A recent civil court ruling heralds a new perception of tax cases by the Swedish courts. The focus is shifted from the company owner to the tax adviser. This opens ways to improve the effectiveness of tax collection and also the prevention of irresponsible tax advising. The reputable accountancy firm Ernst & Young, with worldwide operations, is to pay damages of the equivalent of £1,600,000 to compensate for the effect of failed tax advice.

Citation

Oberg, C. (1996), "Sweden: Million Pound Damages for Wrong Tax Advice", Journal of Financial Crime, Vol. 4 No. 1, pp. 90-92. https://doi.org/10.1108/eb025763