Details

  • Service: Tax, Advisory
  • Type: Publication series
  • Date: 7/25/2010

Evolving Policies Impact Board Oversight of Tax Risk 

A series of recent evolving tax policy developments may prompt boards and their companies to revise their tax risk oversight policies, procedures, and governance in order to minimize tax exposures and to avoid incurring new penalties for noncompliance.

These developments are aligned with the Administration’s focus on increased transparency and affective enforcement. The Internal Revenue Service (IRS) recently received several
important tools that will help the IRS
plan and prioritize audits, identify key
issues for examination, and facilitate
enforcement activities, particularly with
respect to multinational companies.

Importantly, the developments
underscore the need for boards to
increase their participation in tax
risk oversight.

 

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Kapila Anand

Partner, Public Policy Business Initiatives

T: 1 312-665-5094

E: kanand@kpmg.com

 

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