COVID-19: Tax Governance response

In light of COVID-19, what operational and strategic tax governance activities can help support organisations in the immediate term but also improve governance in the future? What lessons might be applied from the GFC?

The global financial crisis (GFC) was in part considered a governance and corporate morality crisis.During that crisis there was however the equal focus on cash and good management as there is now. Perhaps more poignant in the current crisis is the challenge of rapidly moving taxation developments where tax decisions need to be made when the treatments are not clear and the impact of business activities and balances have heighted uncertainty.From the GFC we saw a range of tax technical reform...

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Authors: Philip Beswick

Published Date: 28 April 2020