Original Research
Tax risk-management analysis: Comparison between the United States of America, the United Kingdom and South Africa
Journal of Economic and Financial Sciences | Vol 7, No 2 | a146 |
DOI: https://doi.org/10.4102/jef.v7i2.146
| © 2019 Talya Segal, Warren Maroun
| This work is licensed under CC Attribution 4.0
Submitted: 22 December 2017 | Published: 31 July 2014
Submitted: 22 December 2017 | Published: 31 July 2014
About the author(s)
Talya Segal, Department of Auditing, School of Accountancy, University of the Witwatersrand, South AfricaWarren Maroun, Department of Financial Accounting, School of Accountancy, University of the Witwatersrand, South Africa
Full Text:
PDF (182KB)Abstract
Tax risk-management (TRM) is a little-studied area of corporate governance, despite the proliferation of ever more complex tax legislation that can have a material impact on the sustainability of organisations. In this light, the aim of this research is to explore policies and procedures relied on by tax authorities in the United States of America, the United Kingdom and South Africa to encourage a culture of compliance with tax laws. For this purpose, the research differentiates between specific and generic tax risks. These include transaction, operational, compliance, financial accounting, portfolio, management and reputation risk. The study highlights how each TRM-related policy or programme addresses these tax risks and compares the TRM systems in the three jurisdictions.
Keywords
tax risk-management; risk-management plans; regulatory developments; governance developments; tax risks
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Crossref Citations
1. The perceived relevance of tax risk-management in a South African context
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