Danish Ruling Published that Direct Contributions to Subsidiary of a Danish Subsidiary Has No Tax Impact

The Danish tax authority has published a ruling on whether a contribution to the subsidiary of a Danish subsidiary will have a tax impact for the Danish subsidiary. The ruling concerned a contribution made directly by a Norwegian parent to a Norwegian subsidiary owned by the Norwegian parent's Danish subsidiary. The main purpose of the contribution was to obtain joint taxation in Norway. The ruling provides that although the contribution increases the share value of the Norwegian subsidiary,…