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The Resource Addressing tax risks involving bank losses

Addressing tax risks involving bank losses

Label
Addressing tax risks involving bank losses
Title
Addressing tax risks involving bank losses
Subject
Language
eng
Summary
This report reflects the experiences of 17 countries who participated in the study team: Australia, Austria, Canada, Denmark, France, Germany, Ireland, Italy, Mexico, the Netherlands, New Zealand, Norway, Spain, Sweden, Switzerland, the United Kingdom and the United States of America. South Africa also provided valuable input in the course of drafting the Report. The report builds on the earlier report by the FTA, Building Transparent Tax Compliance by Banks (2009), which contained a set of recommendations both for revenue bodies and banks. These were aimed at improving the transparency of banks' tax planning, providing better alignment between banks' internal governance and revenue bodies' risk assessment, and improving the effectiveness of international cooperation to counter aggressive tax planning. The focus of the report is on real rather than artificial losses and it explores the different country approaches to giving tax relief to loss-making banks and to addressing tax risks involving banks' losses. These include the operation of the enhanced relationship with large businesses to support and provide early identification and resolution of claims, assessment of revenue and compliance risks, audit techniques, and detection and response strategies. Although the report deals primarily with the tax treatment of banks which have suffered overall losses, it also touches on issues which are relevant to write-downs and write-offs which may reduce a bank's profits. The report deals specifically with the banking sector, but similar issues may also arise in other sectors
Geographic coverage
  • International
  • OECD
Index
no index present
Language note
English
Literary form
non fiction
http://library.link/vocab/subjectName
  • risk management
  • banking
  • losses
Label
Addressing tax risks involving bank losses
Instantiates
Publication
Extent
87 p.
Isbn
9789264088689
Isbn Type
(pdf)
Label
Addressing tax risks involving bank losses
Publication
Extent
87 p.
Isbn
9789264088689
Isbn Type
(pdf)

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
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