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By Ralf HEUSSNER, Partner and Balazs MAJOROS, Partner Tax and Consulting, Deloitte Luxembourg
Why talk about governance in the context of tax and transfer pricing?
Our global business environment is becoming more and more complex. We are also witnessing a dramatic increase in legal and regulatory compliance and reporting obligations. As a result, corporations are facing increased risks of non-compliance and more scrutiny from regulators, tax authorities, and other stakeholders.
Good governance is an essential tool to face these challenges. Surprisingly, many corporations have not yet considered the tax dimension in their governance framework (including its board and audit committee) as a tool to respond...
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