July 12, 2021
EY Global Tax Controversy Flash Newsletter (Issue 36) | Tax risk and controversy for the C-suite
The C-suite has an active role to play in supporting — or even spearheading — an organization’s efforts to reduce the incidence and impacts of tax risk and controversy, says a new EY report, Five ways tax risk is rising — and how the C-suite should respond. While not every business has experienced a large tax dispute in recent years, all should be on closer watch moving forward. Businesses also need to be ready to navigate the transformed — and continually evolving — global tax risk environment. Unprepared businesses risk financial exposure, reputational risk, business disruption and, in a growing number of countries, the possibility of new and evolving criminal sanctions being applied — to potentially include authorities in countries where the business has no physical presence.
Additional information and links to past newsletters can be found in the attached PDF.
Flash Newsletter attachment (Issue 36)