Tax risk management: from risk to opportunity
The UK environment
This article examines:
- The current UK environment and recent legislative, regulatory and environmental developments and the specific challenges to the management of tax risk which these have created.
- How large corporates are responding, and focuses on how leading organizations are taking advantage of the new landscape to improve their tax governance, processes and controls and underlying systems
- The developments in the longer-term, global environment which suggest that the changes that leading organizations are making now will increase in importance over time.
This article first appeared in Tax Risk Management: From Risk to Opportunity which provides a practical guide for those working in today’s ever-changing corporate environment. This book contains an introduction to tax risk management and discussions on the tax control framework that allow corporate tax departments to identify and manage companies’ tax-related risks. Order your copy from the IBFD website