International - Accounting for Uncertain Income Tax Positions
- Sander Kloosterhof; Dennis Van Zoelen
- European Taxation, 2009 (Volume 49), No 8/9
- 21 August 2009
Nothing is certain but death and taxes, but within taxes nothing is also certain. The ultimate tax liability of an entity and its timing depends on the interpretation of complex tax law. Generally, it takes a number of years before an uncertainty is closed out. How to account for uncertainty in the financial statements has been an area of discussion for many years. In this article, the authors address recent developments regarding this topic.