Determine the Closure Date

A CLOSURE DATE for the tax risk management process is important. Setting open-ended goals will defocus the participants. The closure date may, however, change, depending upon the outcomes of some of the tax risk issues.

Set the Parameters of the Future Maintenance Process

THIS WILL BE driven by the nature of the tax risk issues dealt with in the tax risk management process. The Tax Risk Management communication system will also be implemented to ensure effective communication. This is dealt with in greater detail under chapter 7 of this special report.

“The essence in strategy lies in what not to do.”

Source: M. Porter

“Procrastination can be caused by excessive planning . . . Paralysis by analysis.”

Source: Igor Ansoff

In accordance with Circular 230 Disclosure