The international tax landscape is being overhauled at lightning speed and from a number of directions – domestic governments, the European Commission and the OECD.

It is clear that the mood and agenda of these bodies, together with tax administrations, the public and press, is one of creating transparency.

The introduction of a number measures through the OECD’s Base Erosion and Profit Shifting (BEPS) project, the EU’s Anti Tax Avoidance Package, Common Reporting Standard, Country-by-Country Reporting and others, means that groups must have a tax risk management policy and actively operate, test and publish it.

Medium-sized multinationals are likely to be impacted the most, often with a disparate tax function and a board that merely tolerates tax agenda (which has traditionally focused on effective tax rate management to maximise returns to shareholders, not tax risk management).

We can help you with:

 

  • Developing and documenting a TRM policy
  • Implementation strategy aligned with group resources
  • Process auditing and testing
  • Helping to change the views of the board
  • Assessing the group’s appetite for risk, balancing maximising returns with the wider corporate social responsibility agenda and ethos of the group and identifying tax planning opportunities accordingly
  • Improving relationships with local tax administrations
  • Assessing existing reputational risk and identifying PR strategy to manage, working together with PR specialists
  • Tax Investigations and dispute resolution

 

working with us

Talk to an expert on Tax Risk Management

Zoe Wyatt

Zoe is a Partner at Milestone, she brings extensive knowledge of international tax systems with a special interest in double tax treaties, exploitation of IP and the role of EU law.

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