Golden Finance reported that the Swedish Tax Agency Skatteverket investigated the operations of 21 cryptocurrency mining companies between 2020 and 2023. The investigation showed that 18 cryptocurrency mining companies submitted "misleading or incomplete" information to enjoy tax benefits. According to the agency, some cryptocurrency companies provided misleading business descriptions to avoid paying value-added tax (VAT) on taxable businesses. Others found ways to avoid paying import taxes on mining equipment or income tax on mining income. The defaulting cryptocurrency mining companies need to pay a total of more than 990 million Swedish kronor (SEK) (US$90 million) to the tax authorities. This includes a total of 932 million Swedish kronor (US$85.4 million) in unpaid VAT and approximately 57.9 million SEK (US$5.3 million) in additional taxes. Although the cryptocurrency mining companies appealed the Swedish Tax Agency's request for US$90 million, the Administrative Court upheld the appeals of two mining companies and rejected the appeals of the remaining companies. "The above amounts have been adjusted in accordance with the judgment."