This course is designed to provide participants with an in-depth analysis of the tax issues related to tax risk management.

In response to a number of widely known corporate failures, regulatory authorities worldwide have not only continued insisting on the strict compliance with the existing laws and regulations, but also introduced new, ever more exacting rules directed at ensuring transparency and accountability for large businesses, in particular publicly traded companies.

Corporate tax risks, which often had been relegated to tax departments and outsourced to consultants, now re-emerge in corporate board rooms. In many jurisdictions the chief executives may now be held personally accountable for the failures in the tax risk management of their companies.

The increased emphasis on the tax risks calls for the effective management of such risks. Companies in different industries and in different regions of the world administer the process of managing tax risks in a wide variety of ways.

The course provides an in-depth analysis of the legislation/rules and the approach of both tax authorities and governance bodies with respect to tax risk management.

This is an interactive course with a maximum of 30 participants. Prior to the course, participants will be given access to an online platform which provides them with additional pre-reading material and supplementary material (e.g. legal documentation and related articles/literature).

Day 1

08.30 - 09.00 Registration

09.00 - 09.20 Welcome and IBFD Overview

09.20 - 10.20 Setting the Scene – A Business Perspective


- Historic background
- Valuation of tax position
- Reporting of tax risks
- Operational tax risk
- Reputational risk

10.20 - 10.30 Break – Refreshments

10.30 - 11.30 Setting the Scene – A Business Perspective (continued)


11.30 - 11.40 Break – Refreshments

11.40 - 12.45 Tax Control Framework


- Tax control framework
o terms and definitions
o building a tax function
o what is tax control?
o overview building blocks
o overview of the roles
o stakeholders
- Building the tax control framework
o tax strategy
o tax operations and risks
o tax accounting and reporting

12.45 - 14.00 Lunch

14.00 - 15.40 Tax Control Framework (continued)


- Building the tax control framework
o tax compliance
o automation
o organization and resources
- How to get started

15.40 - 16.00 Break – Refreshments

16.00 - 17.00 Tax Control Framework (continued)


- Case study


Day 2

09.00 - 10.00 Tax Accounting


- Introduction
- Risk of incorrect reporting
o IAS 12 and ASC 740 overview
o special topics
o interim reporting
o examples
- Uncertain tax positions
- Case study

10.00 - 10.10 Break – Refreshments

10.10 - 11.10 Tax Accounting (continued)


11.10 - 11.20 Break – Refreshments

11.20 - 12.45 Tax Risk Management in Practice


- Case study

12.45 - 14.00 Lunch

14.00 - 15.30 International Developments


- International tax administration developments
- OECD developments
- EU developments

15.30 - 15.50 Break – Refreshments

15.50 - 17.00 Case study

Bas de Mik, VU University Amsterdam, the Netherlands; ; Koen De Grave, PricewaterhouseCoopers, Belgium; Sandra Hoogeveen, Ahold, the Netherlands; Eelco van der Enden and Dick de Boer, PricewaterhouseCoopers, the Netherlands