Strategizing International Tax Best Practices – by Keith Brockman

The subject of international tax risk for multinationals is growing exponentially every day, although there does not seem to be a significant focus on the commitment in personal development plans for the identification, assessment and / or monitoring of such risks.

Tax risk management is an integral part of all tax professionals focus, although this objective may not be identified to measure accurately and consistently.

For example, if the tax professional is communicating in an audit or appeals process, does the individual have the relevant training for interpersonal skills and understanding the negotiation process to develop a win-win opportunity for efficient resolution?

The timing for next year’s development plan has arrived, thus it might be the right time to consider tax risk with a new focus.

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