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The Swedish Supreme Administrative Court ruled in favor of Kubikenborg Aluminium AB in a landmark transfer pricing case, setting aside a SEK 211 million adjustment related to an electricity contract termination and shareholder contribution. The court held that the arm's length assessment must consider the overall group arrangements, finding that the tolling agreement structure meant the electricity contract risk was borne by related entities rather than constituting an income transfer from the Swedish compa

Corporate income tax is based on the company’s worldwide taxable business income computed according to the accrual method of accounting. Dividends on shares held for business purposes are normally tax free.