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19 February 2019 The transparency transformation and its business implications Tax authorities expect taxpayers to be able to demonstrate that their tax policy aligns with their business activities. This is particularly relevant as governments now have greater access to information and better audit capabilities. If taxpayers are inadequately prepared from a documentation, governance and risk management perspective, they could face several risks. To manage these risks effectively, taxpayers need to understand the stakeholder and operational impact of transparency changes, rethink their tax policy and implement necessary governance processes and controls. Learn more here. Document ID: 2019-5206 |