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
Creator
Subject
Language
eng
Summary
Following its reports "Study into the Role of Tax Intermediaries" and "Building Transparent Tax Compliance by Banks," the OECD has published the report "Addressing Tax Risks Involving Bank Losses." In the wake of the financial and economic crisis, the report examines tax risks involving bank losses from the perspective of both taxpayers and revenue bodies. The report concludes that: - losses represent a significant potential tax risk both for banks and revenue bodies; - commercial awareness of the context of bank losses, and of tax and nontax (for example, regulatory) drivers is fundamental; - the complexity of country loss, and loss relief, rules, and the potential opportunities for banks to exploit differences between country rules through aggressive tax planning, are themselves a source of tax risk; and - countries are now applying a variety of tools to address the compliance risks regarding bank losses. The report makes a number of recommendations to revenue bodies and to banks as to how tax risks involving bank losses might be further reduced
Citation source
In: Tax notes international. - Falls Church. - Vol. 60 (2010),
http://library.link/vocab/creatorName
  • Lloyd, G
  • Russo, R. (Raffaele)
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • risk management
  • banking
  • losses
Label
Addressing tax risks involving bank losses
Instantiates
Publication
Label
Addressing tax risks involving bank losses
Publication

Library Locations

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