Corporate tax risk and tax avoidance: new approaches

Resource Information

The work Corporate tax risk and tax avoidance: new approaches represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Continuing Resources.

Label

Corporate tax risk and tax avoidance: new approaches

Creator

• Freedman, J
• Loomer, G.T
• Vella, J

Subject

• risk management
• tax authorities
• tax avoidance

Language

eng

Summary

The relationship between tax authorities and large corporate taxpayers is a concern world-wide as can be seen from the 2008 OECD Study into the Role of Tax Intermediaries. In the United Kingdom, HMRC have been developing a risk rating approach to tax risk management as part of their Review of Links with Large Business. The approach is designed to promote an enhanced relationship between HMRC and the taxpayer, based on trust and transparency. The objectives include the improvement of resource allocation and the encouragement of companies to consider their position so as to achieve the benefits of low risk rating, which may involve altering their tax planning strategy. In addition, new approaches to tax avoidance legislation such as targeted anti-avoidance rules and principles-based legislation are being introduced or considered. This article discusses a survey of tax directors in which the authors used detailed tax planning scenarios to investigate the views of tax directors on the impact and success or otherwise of these new approaches

Citation source

In: British tax review. - London. - (2009),

Geographic coverage

• European Union
• Europe

Language note

English