Tax Risk Assessment
Private banks operate in many different international jurisdictions and face many foreign tax laws which increase comliance demands. Recent foreign allegations against Swiss institutions require the highest possible risk sensitivity.
Given the current situation, it is essential to evaluate your bank‘s overall tax risk situation and highlight business areas that potentially conflict with foreign fiscal authorities. To protect your international business operations, it is vital to create the right organisational awareness and build adequate defence structures.
Deloitte is able to provide worldwide assistance in evaluating tax risks and deploying effective mitigation measures, such as:
- Periodic evaluation of operational tax risks
- Review of business transactions and client relationships
- Advisory on international tax regulations
- Design of risk mitigating tax policies
- Process improvement of tax risk monitoring
- Development of increased tax risk awareness and carrying out of tax trainings
Your benefits
A tax risk assessment safeguards your bank’s reputation and leads to many starting points for a more cost efficient working practice. It will enable tangible improvements to the relationship between tax function and business units.
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