Tax authorities worldwide are under increasing pressure to generate revenue, causing a rise in tax audit activity across all taxing jurisdictions and all types of tax.
The pressure on tax authorities is resulting in more investigations, larger adjustments, and increased potential for penalties and interest. Recently, KPMG’s Global Tax Dispute Resolution and Controversy Services network collected insights from our Global Disputes professionals about the top audit/exam/investigation challenges they are currently seeing with clients around the world.
Read the complete summary below.
Wherever you do business, it’s important to approach your tax matters proactively and be ready to respond if and when a local tax investigation begins. For any business or person preparing for or facing a tax audit, appropriate strategies for response and compliance are critical. Without a plan of action for resolving potential tax disputes, uncertainty, inefficiency and lost opportunities can result. KPMG’s Tax Dispute Resolution & Controversy professionals can help you prepare to manage any tax authority challenge that comes your way.