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Electronics Production | July 17, 2007

Flextronics subsidiary must<br>pay €2M in extra tax

According to local media, Flextronics subsidiary in Karlskrona, Sweden must pay 2 million Euros in extra tax.
This is a result of an audit that the IRS has made. According to the IRS, Flextronics has lend money with lower interest then the company has paid for the mortgage. The reason for this decision is Flextronics did not act as an independent credit institute in this situation the IRS said in a statement.
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December 13 2018 1:08 pm V11.10.14-2