Tax risk: Difference between revisions
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2. The risk that the administration of tax may be more costly - or otherwise more burdensome - than foreseen. | The risk that transactions or business relationships may have unforeseen adverse tax consequences. | ||
For example, giving rise to additional tax costs. | |||
2. | |||
The risk that the administration of tax may be more costly - or otherwise more burdensome - than foreseen. | |||
Tax risk may arise from existing tax laws and practice, or from changes in tax laws and practice. | Tax risk may arise from existing tax laws and practice, or from changes in tax laws and practice. | ||
== See also == | == See also == | ||
* [[Risk]] | * [[Risk]] | ||
* [[Tax ]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Compliance_and_audit]] | |||
Latest revision as of 09:19, 6 July 2022
1.
The risk that transactions or business relationships may have unforeseen adverse tax consequences.
For example, giving rise to additional tax costs.
2.
The risk that the administration of tax may be more costly - or otherwise more burdensome - than foreseen.
Tax risk may arise from existing tax laws and practice, or from changes in tax laws and practice.
