Technology Industry
Industry: Email Alert RSS FeedEricsson's bookkeeping practices under investigation - Brief Article
Telecomworldwire, March 20, 2002
TELECOMWORLDWIRE-20 March 2002-Ericsson's bookkeeping practices under investigation (C)1994-2002 M2 COMMUNICATIONS LTD http://www.m2.com
Sweden's Economic Crimes Bureau has launched a preliminary investigation to find out whether the bookkeeping practices of Ericsson amounted to tax obstruction.
The investigation will focus on invoices from 1999 worth SEK2.5bn. The money was paid to mostly foreign marketing consultants, but the tax authorities believe the consultants were just payment intermediaries. However, chief prosecutor Lage Carlstrom says that the investigation is still in its infancy and no conclusions should yet be drawn.
Most RecentTechnology Articles
Ericsson claims that there is no basis for a preliminary investigation, reports The Associated Press.
((Comments on this story may be sent to tww.feedback@m2.com))
CXO UnpluggedSmart Business interviews on BNET
See and hear how senior level executives across the Asia Pacific are developing smart business ideas across a variety of sectors. The focus is on the future, and on how businesses need to evolve.
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Technology Articles
Most Recent Technology Publications
Most Popular Technology Articles
- BizRate to monitor in-store customer satisfaction for Office Depot stores - Market Intelligence
- Speed control of separately excited DC motor
- Building cost comparison between conventional and formwork system: a case study of four-storey school buildings in Malaysia
- Failed businesses in Japan: a study of how different companies have failed, and tips on how to succeed, in the Japanese market
- Political stability and economic growth in Asia
