Drawing on past experiences in Australia and more recently in the USA and UK, this paper explores the impact a company's and government's typical responses to uncertain and down turning economies could have on a company's tax risk profile and tax risk management strategies, including:
- cash flow pressures
- business unit activities
- financial reporting
- risk tolerance levels
- KPI pressures such as ETR
- additional revenue authority pressures
- what company boards and senior management should do to manage the inevitable additional risks and pressures.