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The letter acknowledged that an implicit concern of the exposure draft is that enterprises might overstate tax benefits by making unreasonable assumptions about audit detection risks or taking speculative positions.
For example, the firm might overstate the income of a foreign subsidiary located in a low-tax country.
And thus there is a possibility that at the local level, these figures may overstate what is going on.
That overstates the case, because the center layer is "diluted" with 40% flash, only part of which was originally PCR.
Using acquisition accounting to overstate future earning.
The idea that environmentalists might overstate the problem for reasons of their own is not even contemplated, much less explored.
It said: "Confidence is undermined if the Government is unrealistically optimistic or overstates the difficulties.