Tax risk mitigation

The tax environment is changing with accelerating scale and complexity leading to increases in the time required to manage tax affairs: new layers to national and international tax codes; tax authorities challenging tax returns and being more willing to co-operate across borders; and environmental, social, and governance (ESG) concerns giving rise to increased demands for transparency and accountability.

Our services strive to align people, processes and systems to execute a tax governance and controversy strategy. Our team has the expertise and experience to guide your journey in taking a proactive approach to manage, predict and pre-empt the changing tax controversy landscape.

• Tax Governance - Creating tax control frameworks and operational guidelines to manage tax risk; creating governance structures for handling tax controversy.
• Co-operative Compliance Framework - Assessing whether clients should participate in the Co-operative Compliance Framework with the Revenue Commissioners, assisting with annual risk review meeting and follow-up plan.
• Self-Review - Performing tax health checks to evaluate compliance with tax obligations and preparing voluntary disclosures on tax issues.
• Transaction Due Diligence - Assessing tax law position through a tax controversy lens during implementation of a transaction and building an evidence-based reasoning file; identifying tax controversy exposure during M&A due diligence; pre-transaction engagement with tax authorities and evaluation of advance ruling procedures.
• Transfer Pricing - Assisting with Advance Pricing Agreements (APA) and other pre-filing transfer pricing negotiations.
• Technology - Developing eAudit capability and utilising data analytics to assess risk factors for selection for a tax audit; developing data management tools to track open controversy.
• Emerging Issues - Client engagement and workshops on emerging tax controversy issues.