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How to understand the new class of tax authority governance programs in Americas and EMEIA
In this webcast for Americas and EMEIA audiences, EY professionals will describe the rapidly growing focus of business and tax authorities on tax governance.
Good governance in tax is currently high — if not top — on the agenda of many enterprises’ tax departments. According to EY’s 2023 Tax Risk and Controversy Survey, 69% of companies expect their focus on tax governance to grow in the coming two years.
Tax authorities, too, are demonstrating an intense focus on taxpayer’s tax governance. Via a rapidly increasing number of programs that focus on testing tax governance, they are sorting taxpayers into different categories of risk. Those with strong tax governance in place will be granted a “light touch” tax audit approach for a set period of time.
Conversely, those companies unable to demonstrate full control of their global management of tax risk may find themselves under continuous review or audit.
Join this 60-minute webcast in which EY professionals will:
- Describe the philosophy behind tax authority programs that test tax governance
- Discuss the typical components of tax governance that tax authorities test within their programs
- Review the mechanics of a typical mandatory program — HMRC’s Business Risk Review + program
- Examine the mechanics and benefits of a typical voluntary program — Singapore’s tax governance framework
- Describe how to develop a global tax governance framework approach that includes options for localization