ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
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Actions <strong>for</strong><br />
business to consider<br />
Against the backdrop of so much change, it is refreshing<br />
that our advice to <strong>tax</strong> leaders remains consistent with earlier<br />
editions of this publication, including:<br />
Chris Sanger<br />
<br />
EY, United Kingdom<br />
1<br />
Monitor and assess<br />
possible future <strong>tax</strong><br />
<strong>policy</strong> shifts.<br />
<br />
channels to stay up to date<br />
with <strong>tax</strong> legislation and<br />
the <strong>tax</strong> <strong>policy</strong> environment<br />
in k<strong>ey</strong> jurisdictions.<br />
Communicate this process<br />
to your organization’s k<strong>ey</strong><br />
stakeholders. These steps<br />
help companies anticipate<br />
potential adverse <strong>policy</strong><br />
changes and identify potential<br />
opportunities to work<br />
closely with government to<br />
design <strong>policy</strong> that meets all<br />
stakeholders’ needs.<br />
2<br />
Be an active<br />
participant in <strong>tax</strong><br />
<strong>policy</strong> development.<br />
In such a rapidly shifting<br />
economic, legislative and<br />
regulatory environment,<br />
new <strong>tax</strong> laws may sometimes<br />
impede commercial decisions<br />
in ways unintended by<br />
<strong>policy</strong>makers. Companies<br />
faced with this issue can<br />
either adapt their business<br />
plans accordingly or work<br />
collaboratively with the<br />
government to explain<br />
the impediment, model<br />
the potential outcomes<br />
and develop alternative<br />
<strong>policy</strong> choices.<br />
3<br />
Join <strong>for</strong>ces.<br />
Consider whether<br />
<strong>for</strong>ming an industry or<br />
trade group is an appropriate<br />
way to develop a collective<br />
voice. Alternatively, assess<br />
opportunities to join an<br />
existing group.<br />
4<br />
Assess the impact<br />
of change.<br />
If change is clear<br />
and documented, create<br />
an impact assessment<br />
that contains economic<br />
modeling. Policymakers<br />
need in<strong>for</strong>mation to develop<br />
good <strong>tax</strong> and economic<br />
<strong>policy</strong>, and comparative<br />
<strong>tax</strong> studies and insightful<br />
analysis of <strong>tax</strong> <strong>policy</strong><br />
proposals’ effects on<br />
competitiveness can help in<br />
this ef<strong>for</strong>t.<br />
The <strong>outlook</strong> <strong>for</strong> <strong>global</strong> <strong>tax</strong> <strong>policy</strong> in <strong>2015</strong> |<br />
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