IBFD Updates Key Resource for Managing Tax Risk

April 22, 2024
2 minutes read

Our comprehensive resource equips you with the necessary tools to navigate the complexities of tax risk and its management.

Tax Risk Management Chapters

The Tax Accounting and Risk Management Chapters addresses three key areas that are crucial for multinational enterprises, law and accounting firms as well as tax authorities to stay ahead in the ever-changing landscape of tax regulations. 

  • Tax transparency: helps you understand the evolving tax transparency landscape including mandatory and voluntary tax disclosure requirements, tax sustainability reporting, and public CbCR requirements among others.
  • Tax Governance: empowers you with practical tools, including roadmaps, checklists, and practical considerations for establishing and maintaining robust tax governance practices including a tax control framework
  • Tax authority risk management approaches: Discover the essential tax risk management tools utilized by tax administrations and ascertain the availability and conditions of formal cooperative compliance programs and tools within jurisdictions.

Benefit from the Tax Accounting and Risk Management Chapters expert guidance! 

Tailored country insights and practical tools for success, equip tax departments with the knowledge and resources needed to navigate complex regulatory landscapes effortlessly. Detailed country chapters provide invaluable insights into implementation strategies for voluntary and mandatory tax disclosures, public Country-by-Country reporting (CbCR), corporate tax sustainability reporting, and tax governance.

Three insightful general chapters address the latest trends reshaping tax risk management. From the profound impact of environmental, social, and governance (ESG) factors to the evolving landscape of cooperative compliance and the future of tax administration, these chapters provide indispensable insights.

  • In-depth analysis and comparative studies; Gain a comprehensive understanding of how ESG factors influence tax risk management. Explore the European Union's Corporate Sustainability Reporting Directive (CSRD) and its implications. By comparing and contrasting different tax reporting standards, organizations can ensure compliance and strategic advantage.
  • Best practices in cooperative compliance; Provides valuable guidance and a roadmap for tax authorities in building a robust compliance program, drawing on global best practices tailored to diverse regulatory environments.
  • Future-proof their tax strategies; Anticipate and adapt to the digital transformation revolutionizing tax administrations worldwide, with our forward-looking chapter on the future of tax administration.

Request a free trial to our Tax Control Manager product and empower your tax department today with our expert guidance, in-depth analysis, and practical tools!

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