Set the Tax Risk Objectives for the Future

SETTING TAX RISK objectives in the development of a long-term plan in delivering the tax risk management Tax Risk Management process should involve looking at two risk objectives—those at the strategic level and those that are operational. The strategic objectives will relate to the high-level goals set out in the Tax Risk Management strategy; the operational objectives will be around what happens on a day-to-day basis. Examples include the following:

• The tax manager must take responsibility for tax risk management issues with tax team (strategic objective) Read More