This excerpt taken from the EDAP 20-F filed Mar 31, 2009.
22-5 Uncertainty in Income Taxes
Through the adoption of FIN No 48, the Company reviewed the tax positions of each subsidiary. On December 31, 2008 there is no uncertainty in the Companys tax positions. As a result, there is no effect on the retained earnings
In 2008, the Company did not record any interest and penalties. In case of interest and penalties, they would be recognized as non-recurring operating expenses. The tax years that remain subject to examination by major tax jurisdictions are 2006, 2007 and 2008.
EDAP TMS S.A. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(in thousands of euros unless otherwise noted, except per share data)