On 18 April 2007 the Danish Government introduced a bill to amend the
Corporation Tax Act and various other tax laws. By introducing the bill, the
Government complies with the agreement, “Intervention against tax speculation”,
which the Government and Dansk Folkeparti entered into on 2 April 2007. The
bill contains, among other things, provisions that limit the right to deduct
interest and reduce the possibility of certain tax depreciations.
If the bill is passed unchanged by the Danish Parliament, TDC estimates on the
basis of the current business plans for 2007 that the tax payment of the TDC
Group will be increased by DKK 0.7bn calculated on a full-year basis. However,
the effect on the tax payment for 2007 for the TDC Group is estimated to be
less than the above-mentioned, since the bill contains different effective
dates for the specific parts of the bill, including that some parts of the bill
will not become effective until from the beginning of the income year 2008.
For further information please contact TDC Investor Relations on +45 6663 7680.
TDC A/S
Noerregade 21
0900 Copenhagen C
DK - Denmark
tdc.com
