Uncertain Tax Positions, Uncertain Tax Benefits and Uncertain Tax Treatments: Same, Same but Different!

It is generally known that in the last three years, multinationals have faced increased scrutiny from various stakeholders. Presently, this has unarguably culminated in the European Commission’s claim that the Netherlands and Luxembourg have granted unlawful State aid. This assertion is the stepping stone to the authors’ explanation and discussion of the recognition and measurement issues surrounding tax risks and liabilities under both IFRS and US GAAP.