[zpeti]

I feel sorry for you for getting downvoted, anyone with a basic understanding of accounting and tax should know this. Also the issue picked on in later comments, yes you absolutely can report different valuations to different entities, in the US, UK, and probably everywhere else too.

Tax accounting is completely different to accounting you show to a bank for a loan. This is normal because they are used for different things, and are accounting for different things. For example - the tax rate and taxes paid have a real impact on cashflows which would impact your eligibility for a loan. In tax returns taxes paid are not included in profit and loss, because that would lower the tax paid by businesses.

So yes, NYT was absolutely gaslighting.