EY international tax webcast

2014 tax risk and controversy survey highlights

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Tax risks are rapidly increasing year-over-year.

Reputation risk, the OECD’s Action Plan on Base Erosion and Profit Shifting (BEPS), complex new national legislation and more robust tax enforcement worldwide are all putting more pressure on tax function resources, processes and technology.

These are the main findings in our report Bridging the divide, drawn from responses from 830 tax and finance executives in 25 jurisdictions who took part in our 2014 Tax risk and controversy survey.

Join our panel of professionals to explore the challenges revealed in the survey and to gain insight into some of our key findings:

  • A 21% increase in more frequent and aggressive tax audits for large multinational companies
  • Far greater focus by tax authorities on cross-border transactions
  • Signs that some countries see the OECD’s BEPS project as a reason to change their enforcement approach ahead of any OECD recommendations passing into national law
  • Concern among the largest global companies regarding media coverage on the taxes they are paying
  • Expectations of an increase in tax risks over the next two years, with greater impact on tax function resources and operations

Is your company prepared to meet the new challenges?