Strategizing Multinational Tax Risks

As tax authorities, most recently Australia and UK, place added focus on a tax risk framework and providing evidence of diligence re: such procedures, it is critical that new financial leaders receive tax risk training upon entering an organization as well as a review on a recurring basis.  The training should also be reviewed and updated annually for new developments.

Examples of topics for discussion:

• Beneficial ownership & disclosures (coordinated with Treasury Know Your Customer perspective)
• Permanent Establishment (PE)
• General Anti-Avoidance rules (GAAR)
• Transfer pricing methodologies, internal governance procedures
• Transfer pricing documentation process
• BEPS governance strategies
• Financial statement tax reserve criteria and timing
• Interrelationship of domestic law and double tax treaties
• Tax policy
• Elements of tax risk framework
• Tax audit protocol
• Tax audit methodologies
• Customs / Transfer pricing coordination
• BEPS Country-by-Country report, future trends

The training generally provides additional awareness, thereby mitigating tax risk exposures and providing a win-win opportunity that cascades across the organization.