Tax governance and tax risk management are good corporate governance. Hence, adopting a robust tax control framework will mitigate key tax risks on an ongoing basis. It is all about long-term thinking. Understanding your fundamental tax rights (entitlements) will allow you to manage your tax risk (and save tax legally) with confidence.
“I have been told that expenses incurred on an S-platted car are deductible!” Besides, if taxpayers diligently plan their tax affairs, they will claim tax deductions on accrued expenses or expenses that are not yet “in the production of the income”.
I wish I had known these rules earlier. However, you should be aware that there is no universally accepted view as to the precise nature of tax law, and there is even a view that there is no overarching tax regime. That there are competing views in this area is of little surprise. As you will discover, taxation is a highly controversial and politically driven area of study, making it even more exciting and exciting. This program is a mix of practical experience and academic knowledge.
What you’ll learn:
- Introduction to common tax mistakes
- Tax Governance Framework (TGF)
- Elements of the CTRM Framework
Who should attend: Both tax and non-tax trained junior executives or anyone interested in understanding the impacts of international tax/cross-border transactions on their line of work.
Presenter: Kevin Lee, a business finance professional and subject-matter expert in the tax practice.