AEZ 0.00% 0.1¢ apn european retail property group

what new accounting standard

  1. 6,716 Posts.
    AEZ claims to have made provision for a tax liability because

    "The tax provision results from a new interpretation of the accounting standards which is applicable to AEZ because it holds its property investments in corporate entities".

    What the heck is this all about ? Is there a new accounting standard ? Or is this an admission that their previous accounts were not in accordance with the accounting standard ?

    And don't all property entities, even those organised as "trusts", actually hold their properties in separate interposed corporate entities ? Is AEZ doing something different in this respect ?

    Anyone got any ideas about this ?
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