Survey of Tax Directors Finds Tax Risk Management Gaining Prevalence in Governance; Requiring Changing Roles and Responsibilities of Executives
Ernst & Young announced the results of a worldwide independent survey of corporate tax directors, which found that as legislative and regulatory changes around the world have made tax risk planning an urgent and top priority, many companies are aligning their tax strategies with their organization's overall enterprise risk profile to meet this challenge.
The Ernst & Young study, "Tax Risk Management: The Evolving Role of Tax Directors," found that 95 percent of respondents acknowledged the importance of planning a tax strategy that is consistent with overall enterprise risk profiles, and nearly half (45 percent) already are actively doing that.
In fact, half …
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Publication information: Article title: Survey of Tax Directors Finds Tax Risk Management Gaining Prevalence in Governance; Requiring Changing Roles and Responsibilities of Executives. Contributors: Not available. Magazine title: Business Credit. Volume: 106. Issue: 10 Publication date: November-December 2004. Page number: 74. © 1999 National Association of Credit Management. COPYRIGHT 2004 Gale Group.