Ad hoc: Deutsche Post World Net group tax rate to remain at 20%03/22/2005
Deutsche Post World Net expects a group tax rate of 20% in its IFRS accounts also in 2005 and coming years. This is the outcome of the now presented evaluation of the completed tax audit.
Regarding IFRS group accounts for 2005 and subsequent years this will result in a group tax rate of 20% on earnings before tax with a significant positive impact on reported group net income.
Effective cash tax payments will remain on previous years' level.