|
By Hermann SCHOMAKERS, Tax Director Begga SIGURDARDOTTIR, Tax Partner, PwC Luxembourg
In today’s complex and highly regulated environment, the management of tax risks has become a critical function for companies. While each industry and every business carry unique tax risks, there is a general approach to managing tax risks.
This article will explain this general approach and present a practical solution to handle tax risks in a proactive manner by looking at the topic through the lens of tax controversy and adopting a forward-looking view to anticipate tax risks. With lessons learned from recent tax disputes – be it from own experience or leveraging on cases of other taxpayers - where tax risks materialise into a controversy with the...
|