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15 October 2019 EY Global Tax Controversy Flash Newsletter (Issue 16) | Amid rising global controversy, businesses need to follow best practices Businesses are facing unprecedented levels of global tax controversy risk. Countries are looking to protect their tax bases, and, to that end they are implementing the OECD’s BEPS project and European Commission’s Anti-Tax Avoidance Directive. Inconsistency in how these initiatives are implemented, however, creates challenges and risks for businesses. Disputes between countries and taxpayers are multiplying, leading to continued pressure on dispute resolution processes. At the same time, tax administrations are sharing more information with each other through increased transparency and disclosure requirements, automatic exchange of information and joint audits. On a recent EY webcast, an EY panel discussed these issues and more, culminating in a roundtable discussion of leading practices for managing an organization’s tax controversy risk. Listen to the replay here. Document ID: 2019-6256 |