SEB says Q2 profit to take 100 mln CHF hit from Swiss tax ruling

May 6, 2015 4:37 AM

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STOCKHOLM May 6 (Reuters) - Sweden's SEB said late on Tuesday that the Swiss Supreme Court had denied it the right to refund withholding tax for the period 2006-2008, leading to a hit of 100 million Swiss francs ($108.1 million) to the bank's second quarter profit.

The Supreme Court was thereby reversing a lower court ruling to refund the claim, SEB said in a statement.

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