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Author: Stevanie S. Neuman Publisher: ISBN: Category : Languages : en Pages : 64
Book Description
This study uses insights from tax practitioners and tax authorities to define and develop an ex-ante estimate of tax risk that is independent of common tax outcomes studied in the literature. Validation tests confirm that our tax risk measure (1) captures the predictable and unpredictable uncertainty inherent in the three sources of tax risk (i.e., economic risk, tax law uncertainty, and inaccurate information processing) and (2) represents a construct different from current academic tax avoidance, tax uncertainty, and general business risk measures. We then use the tax risk measure to answer two research questions. First, we find a significant, negative association between tax risk and future long-run cash effective tax rates. Second, we demonstrate that our tax risk measure explains a substantial portion of unrecognized tax benefits, incremental and relative to measures of information risk, conditional conservatism, unconditional conservatism, and tax avoidance. Our study offers a measure of tax risk that, consistent with Scholes-Wolfson, reflects the tax risk inherent in all business activities, not just tax avoidance activities, has unique industry effects, and contributes to our understanding of the factors that affect tax planning decisions and result in variation in firms' effective tax rates. We enhance future tax research by improving the internal, external, and construct validity of tax risk.
Author: Stevanie S. Neuman Publisher: ISBN: Category : Languages : en Pages : 64
Book Description
This study uses insights from tax practitioners and tax authorities to define and develop an ex-ante estimate of tax risk that is independent of common tax outcomes studied in the literature. Validation tests confirm that our tax risk measure (1) captures the predictable and unpredictable uncertainty inherent in the three sources of tax risk (i.e., economic risk, tax law uncertainty, and inaccurate information processing) and (2) represents a construct different from current academic tax avoidance, tax uncertainty, and general business risk measures. We then use the tax risk measure to answer two research questions. First, we find a significant, negative association between tax risk and future long-run cash effective tax rates. Second, we demonstrate that our tax risk measure explains a substantial portion of unrecognized tax benefits, incremental and relative to measures of information risk, conditional conservatism, unconditional conservatism, and tax avoidance. Our study offers a measure of tax risk that, consistent with Scholes-Wolfson, reflects the tax risk inherent in all business activities, not just tax avoidance activities, has unique industry effects, and contributes to our understanding of the factors that affect tax planning decisions and result in variation in firms' effective tax rates. We enhance future tax research by improving the internal, external, and construct validity of tax risk.
Author: Anuschka Bakker Publisher: IBFD ISBN: 9087220707 Category : Business enterprises Languages : en Pages : 504
Book Description
In response to a number of large corporate failures, risk management has recently become a major consideration for most organizations. At the same time, taxation has been recognized as an area having its own unique risk profiles. This book provides a practical guide for those working in today's ever-changing corporate environment. It 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. The book also includes country chapters, which provide practical examples of the development and application of tax control frameworks.
Author: Munawer Sultan Khwaja Publisher: World Bank Publications ISBN: 0821387545 Category : Business & Economics Languages : en Pages : 157
Book Description
"Revenue administration is a major interface between the state and its citizens. A good revenue administration is, therefore, an important attribute of good government. As a result, in recent years, policy makers have become increasingly aware of the importance of policies that will promote business development while ensuring voluntary tax compliance. In the modern context, it is neither desirable nor feasible to examine or inspect every single taxpayer. The revenue administration, therefore, has to rely on effective management of compliance. Promoting voluntary compliance, achieved through a self-assessment system in which taxpayers comply with their tax obligations without intervention from tax officials, requires developing modern approaches to audits based on risk management. The impact of audits critically depends on a properly designed audit selection strategy focused on high-risk taxpayers to provide the most cost-effective outcome. This, in itself, contributes to promoting voluntary compliance. Risk-based country audits: approaches and country experiences are an important study of this critical revenue function of compliance management."--Publisher's website.
Author: OECD Publisher: OECD Publishing ISBN: 9264424083 Category : Languages : en Pages : 355
Book Description
This report is the ninth edition of the OECD's Tax Administration Series. It provides internationally comparative data on aspects of tax systems and their administration in 59 advanced and emerging economies.
Author: Joshua Aslett Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 49
Book Description
This technical note introduces analytics for compliance risk management in tax administration. Together with its accompanying toolkit, the note is intended as a starter kit to support capacity development in compliance planning, risk, and intelligence groups. Developed primarily for emerging analysts new to tax administration, the note presents both theory and practical aspects of analytics. Its toolkit is comprised of an initial collection of analytics templates designed to assist in turning the theory presented into practice in the areas of: (1) compliance planning; (2) taxpayer profiling; and (3) audit case selection.
Author: Andrew Okello Publisher: International Monetary Fund ISBN: 1475515235 Category : Business & Economics Languages : en Pages : 38
Book Description
Modern tax administrations seek to optimize tax collections while minimizing administration costs and taxpayer compliance costs. Experience shows that voluntary compliance is best achieved through a system of self-assessment. Many tax administrations have introduced self-assessment principles in the income tax law but the legal authority is not being consistently applied. They continue to rely heavily on “desk” auditing a majority of tax returns, while risk management practices remain largely underdeveloped and/or underutilized. There is also plenty of opportunity in many countries to enhance the design and delivery of client-focused taxpayer service programs, and better engage with the private sector and other stakeholders.
Author: Aidan Walsh Publisher: Bloomsbury Professional ISBN: 9781780434995 Category : Business & Economics Languages : en Pages : 200
Book Description
Global Tax Risk Management, 2nd edition takes a detailed look at the key role a senior tax adviser plays in corporate achievement, and the importance of successful tax risk management. Global tax risk management keeps your company in step with the latest risk management techniques. Multinationals have to focus on risk in an ever-changing list of countries and ever-changing political environment and the second edition guides tax professionals in advisory firms and companies alike on how to navigate the vista of a whole new world of risk management. Using real examples and case studies, this book outlines the complexities and issues companies face, and articulates why compliance is so difficult no matter how experienced you are. Included are the practical tools, tax risk methodologies and a conceptual framework needed to manage tax risks around the world and document tax risk management processes. It also identifies where the real financial risks lie and explains how to mitigate these risks. Contents: Introduction/Background; The hidden role of the tax director/the excess burdens of taxation; The international element; Corporate culture and tax; People are key - making sense of the tax rules; Case Study; The risk assessment; Drafting a tax policy; Tax processes and controls; Documenting tax processes and controls; Learning from problems, errors and near misses; 12. Conclusions. Tax professionals in advisory firms and companies alike within the UK and worldwide will find the book an invaluable resource.
Author: C. Silberztein Publisher: ISBN: Category : Languages : en Pages : 86
Book Description
On 29 September 2017, the OECD released "Country-by-Country Reporting: Handbook on Effective Tax Risk Assessment", which provides tax authorities with guidance on ways to incorporate information obtained under CbC reporting into their tax risk assessment processes, the types of tax risk indicators that may be identified using CbC reports, and the challenges that may arise in the process. In this article, the authors outline the key elements provided in this report, illustrate with a practical example how tax authorities may use CbC reporting information to supplement their existing tax risk assessment and discuss the consequences thereof.
Author: Ana Sainz Publisher: ISBN: 9780692520451 Category : Languages : en Pages : 36
Book Description
Here's How to Manage Your Tax Risk like a Big Company without the Big Expense You already know there will always be risks to manage. But have you considered there may be risks you are not currently addressing? That is where we come in. We help CFOs just like you systematize your tax risk within your ERM so that you can capture all the risks. Step 1: We work with you to identify your existing tax risk needs and design a customized integration workflow specific to your business and industry. Step 2: We help you train your team to apply the new templates and ensure everyone is on board with their role. Step 3: We provide customized supplemental training as needed for ongoing support and training. Most CFOs think that it takes outsourcing their risk management to one of the Big Four to effectively manage their risk. Now you can manage your tax risk like a Big Company without the big expense by keeping the work in house with the people who know your business inside and out. If you would like us to help, just send an email to: [email protected] and we will take it from there.
Author: Stevanie S. Neuman
Author: Stevanie S. Neuman
Author: Anuschka Bakker
Author: Munawer Sultan Khwaja
Author: OECD
Author: Joshua Aslett
Author: 
Author: Andrew Okello
Author: Aidan Walsh
Author: C. Silberztein
Author: Ana Sainz