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Redeemable Preferred Shares - AcSB

Date recorded:

At its meeting on May 18, 2016, the AcSB discussed an analysis of the viability of a classification exception on the basis of retention of control over the enterprise.  In particular, the AcSB discussed the potential challenges with basing the classification exception solely on control, and what further work should be done.  In that regard, the AcSB directed staff to take the time necessary to conduct further testing of the characteristics of tax planning arrangements and to identify the arrangements that would and would not meet the classification exception if it were based on retention of control over the enterprise.

Review the Executive Summary on the AcSB's Web site.

Correction list for hyphenation

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