Five questions on the impact of tax risk
An increasing interest in corporate taxation by the public and the media, and the creation of new tax-focused laws, such as the Foreign Account Tax Compliance Act (FATCA), are prompting the C-Suite, boards and committees, and shareholders to take note — with good reason. Along with the uncertainty about how the tax system will respond to continued globalization of business, there are tremendous risks associated with corporate taxation. These risks range from major financial penalties and sanctions to reputational and customer-related risks.
In this issue of Risk Angles, Alan Macpherson, Global Governance, Risk and Compliance Tax Leader, Deloitte Touche Tohmatsu Limited, answers five questions about the growing concern over tax risk, and Chris Tragheim, Europe, Middle East and Africa FATCA Leader, Deloitte Touche Tohmatsu Limited, examines one of the drivers of that concern, FATCA.