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In 1970, Sweden enacted new legislation on withholding tax, the Coupon Tax Act (Swedish Kupongskattelagen) (1970:624) (KupL). The Act go-verns the Swedish taxation of dividends distributed by Swedish companies to foreign individuals and legal entities subject to limited tax liability in Sweden. In connection with the enactment of the Act, a new anti-avoidance provision was also introduced into Swe
