Richard Cornelisse

From tax trends to  assessment to implementation

In Indirect Tax Strategic Plan on 19/01/2017 at 12:59 pm

Lets just assume that tax transparency and disclosure of tax risks to the tax authorities is mandatory in force in every country and that the effectiveness of a tax control framework should be proven.

  • Are OECD’s Standard Audit File for Tax Purposes data requests (monthly and on request) – now rolled out in various European countries – the start of a new beginning for better audits by the tax authorities?
  • Is it likely that tax authorities will get access to more sophisticated tax analytics tools?
  • Do companies need better risk management tools to meet tax objectives set derived from business objectives?
  • Do companies face additional tax risk due to (close to) real time data requests of the tax authorities – implemented for example in Brasil and will be in force in Spain per July 1, 2017 – and does it impact a company’s audit defense, tax risk management, ERP systems and tax technology?

Without doubt, the answer to all questions is a resounding yes.

Source: From tax strategy to artificial intelligence to automating the tax adviser | Richard H. Cornelisse | Pulse | LinkedIn

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