Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

May 16, 2023
2023-5452

EY Global Tax Controversy Flash Newsletter (Issue 58) | New global survey from EY highlights business concerns on the outlook for tax audits and disputes

The 2023 EY Tax Risk and Controversy Survey reveals that over 50% of Global Tax Directors foresee an increase in the number or intensity of tax audits and disputes in the coming two years. The survey reflects the views of over 2,100 senior tax and finance professionals in 47 jurisdictions and 20 sectors. Key findings include:

  • As many as 53% expect to see more focus on cross-border tax (including transfer pricing) issues in the same time period, while four-in-ten tax leaders anticipate that requests made by tax authorities for additional information will become far more numerous and detailed.

  • Senior tax leaders indicate that transfer pricing remains — by some distance — their leading tax risk, with disputes arising from the use of tax incentives rapidly rising up the agenda. 

  • Looking ahead, 62% say that BEPS 2.0 Pillar Two will increase their tax costs, while almost half (45%) say it will likely lead to a greater number of tax disputes.

Read more in the full survey report, or replay an on-demand webcast of EY tax professionals discussing the results. 

Additional information and links to past newsletters can be found in the attached PDF.

Flash Newsletter attachment (Issue 58)

 
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 2024, Ernst & Young LLP.

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

 

"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

 

Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct Opt out of all email from EY Global Limited.

 


Cookie Settings

This site uses cookies to provide you with a personalized browsing experience and allows us to understand more about you. More information on the cookies we use can be found here. By clicking 'Yes, I accept' you agree and consent to our use of cookies. More information on what these cookies are and how we use them, including how you can manage them, is outlined in our Privacy Notice. Please note that your decision to decline the use of cookies is limited to this site only, and not in relation to other EY sites or ey.com. Please refer to the privacy notice/policy on these sites for more information.


Yes, I accept         Find out more