Lavasoft hunted by the swedish tax agency ?

Discussion in 'other security issues & news' started by Diablo2, Feb 10, 2007.

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  1. Diablo2

    Diablo2 Registered Member

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    I picked this up from the largest Swedish IT News site and translated it.

    http://www.idg.se/2.1085/1.94960
    http://it24.idg.se/2.2275/1.94960

    Lavasoft hunted by the swedish tax agency.

    The company behind the anti-malware company Ad-Aware is hunted by
    the creditor despite large profit. The owners of Lavasoft have bought
    tv's, training exercise equipment and have used the company's chauffeur
    to on private journey's. On top of that the company hasn't reported
    any book accounts since 2004.

    The it-company placed in Gothenburg (Sweden) Lavasoft has become
    very succesful internationally because of their anti-malware Ad-Aware.
    The sales has generated good sales but the owners gets a reprimand
    from the swedish tax agency. (As written by the newspaper Gothenburg Post)

    According to the newspaper is hunted by creditors and has a dispute
    with the swedish tax agency about unpaid debts.

    Last year nine applications of injuctions to pay from different suppliers
    was handed in to The Swedish Enforcement Administration and Legislation.
    Lavasoft sales was 114 Million SEK (Swedish kronor) (About 12,5 Million Euro)
    of the year 2004 and profit was 64,5 Million SEK (About 7 Million Euro).
    Since then the company hasn't reported any book accounts.

    Swedish tax agency claim though that the development of the profit has
    continued and that the two owners together declared 8,8 Million SEK
    (About 966 Thousand Euro) from private income last year.

    Swedish tax agency has decided they both privately assess a tax income
    of millions SEK in financial benefits that has'nt been brought up in their
    declaration. Also the company has employment tax, VAT, added taxes
    and interest close to 1 million SEK (About 109 Thousand Euro).

    Swedish tax agency doesn't like the fact that Lavasoft has taken up a cost
    of 1,1 Million SEK for a company to protect the owners weekend cottage
    24/7. The owners claim the protection is motivated due to important
    documents and secret sourcecode was in the house.

    Swedish tax agency feel that the company activity is someplace else.
    Therefore the cost of the security company shouldn't be considered
    as a private financial benefit.

    Not only that the Swedish tax agency feels that owners have mixed up
    their private economy with Lavasoft. Amongst other things the owners
    have continuously used the companys creditcard to buy things for
    private use like televisions and exercise equipment.

    One of the owners have also used the company's chauffeur in a rental car
    transported to and from the house.
    Swedish tax agency also report disorder in Lavasofts bookkeeping with
    payments to different american accounts among other things.
    The payment has been done without invoices or written agreement.

    IT24 has been trying to reach the owner for a comment but with no result.
    ---

    It was a long and hard text to translate for me hope I got most things
    right so u can hopefully understand what I have written. :)
     
  2. FarmerSwede

    FarmerSwede Registered Member

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    Balanced View

    I post this again here in same reponse to your post about this article from DSLreports.

    I live in Sweden and saw this original story in the local newspaper. Interested in it myself to see if I could write a story I checked some sources because in Sweden much of this is public information because we are socialist society.

    You should be carefull with this because it is not really accurate information but in my opinion seems to be very 'blown up' to make a good story.

    What I did confirm was that the company does owe a tax for a standard audit adjustment but it is not due yet until March.And the amount did not seem high or unusual against the company turnover finances. I confirmed too that the office that receives tax statements has their tax papers for 2004, 2005, and 2006. I aldo confirmed that the company is appealing some decisions by the tax office, but again I do not think this is unusual for a business to do.

    So I want to share that infomration with you from a Sweden view.

    Thank you.
     
  3. SpookyFodder

    SpookyFodder Registered Member

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    Thanks for sharing that FarmerSwede. That indeed puts a different perspective on it.
     
  4. LowWaterMark

    LowWaterMark Administrator

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    New England
    off-topic political inquiry post removed from thread.
     
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