Tax risk-management analysis: Comparison between the United States of America, the United Kingdom and South Africa
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 b...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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AOSIS
2014-07-01
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| Series: | Journal of Economic and Financial Sciences |
| Subjects: | |
| Online Access: | https://jefjournal.org.za/index.php/jef/article/view/146 |
| _version_ | 1811328392226668544 |
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| author | Talya Segal Warren Maroun |
| author_facet | Talya Segal Warren Maroun |
| author_sort | Talya Segal |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-13T15:24:15Z |
| format | Article |
| id | doaj.art-380bcfff15414b009d92ec1f1bccba2e |
| institution | Directory Open Access Journal |
| issn | 1995-7076 2312-2803 |
| language | English |
| last_indexed | 2024-04-13T15:24:15Z |
| publishDate | 2014-07-01 |
| publisher | AOSIS |
| record_format | Article |
| series | Journal of Economic and Financial Sciences |
| spelling | doaj.art-380bcfff15414b009d92ec1f1bccba2e2022-12-22T02:41:33ZengAOSISJournal of Economic and Financial Sciences1995-70762312-28032014-07-017237539210.4102/jef.v7i2.146143Tax risk-management analysis: Comparison between the United States of America, the United Kingdom and South AfricaTalya Segal0Warren Maroun1Department of Auditing, School of Accountancy, University of the WitwatersrandDepartment of Financial Accounting, School of Accountancy, University of the WitwatersrandTax 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.https://jefjournal.org.za/index.php/jef/article/view/146tax risk-managementrisk-management plansregulatory developmentsgovernance developmentstax risks |
| spellingShingle | Talya Segal Warren Maroun Tax risk-management analysis: Comparison between the United States of America, the United Kingdom and South Africa Journal of Economic and Financial Sciences tax risk-management risk-management plans regulatory developments governance developments tax risks |
| title | Tax risk-management analysis: Comparison between the United States of America, the United Kingdom and South Africa |
| title_full | Tax risk-management analysis: Comparison between the United States of America, the United Kingdom and South Africa |
| title_fullStr | Tax risk-management analysis: Comparison between the United States of America, the United Kingdom and South Africa |
| title_full_unstemmed | Tax risk-management analysis: Comparison between the United States of America, the United Kingdom and South Africa |
| title_short | Tax risk-management analysis: Comparison between the United States of America, the United Kingdom and South Africa |
| title_sort | tax risk management analysis comparison between the united states of america the united kingdom and south africa |
| topic | tax risk-management risk-management plans regulatory developments governance developments tax risks |
| url | https://jefjournal.org.za/index.php/jef/article/view/146 |
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