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Tax Risk Management

Today, risk and reputation issues are the biggest concerns on a tax director's mind. Changes in the regulatory and political environment mean that tax risk must be assessed in the context of wider risk management policies and in a way that facilitates communication and understanding to those outside the tax group. Governance and regulatory developments are forcing audit and boards committees to take notice of an organization's taxes. Our tax risk management practice is comprised of a group of professionals who have expertise and experience in a broad array of tax solutions and have supplemented that with a very valuable focus on enterprise risk. They examine deeply into an organization's business aspects and are able to succinctly communicate tax risks to both management and the board. Tax risk Management should strive for a leading edge tax function which includes a tax risk management framework. The framework will enable the company to:
  • Identify Tax Risk
  • Measure and Set limits on tax risk
  • Monitor and manage tax risk
  • Communicate tax risk with interested stakeholders

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