Tax Risk Management and Board Responsibility - International Tax ...

have on corporate structures, processes and transactions? Tax issues are complex, multifaceted
and subject to ongoing change. What qualifications do the board need to actually
understand and govern tax risks? What exactly does the board need to do to implement a
tax risk management system? What communication and documentation requirements need
to be fulfilled? What kind of future developments need to be considered?
This paper will address most of the issues raised, mainly from a practitioner’s point of
view. The study starts with a short look at the developments that have given rise to the
increasing importance of tax risk management for the board. Following this analysis the
key results of a recent KPMG survey of the views of board members on tax risk
management are outlined. The third part will show the challenges of tax risk management
and introduce practical solutions. In chapter four the paper focuses on the responsibilities
of the board for managing tax risks.
Where do we go from here? The final chapter considers what the future might look like
with regard to tax risk management and the board’s role in this area.
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