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 May 2006
2006 Survey Report on Tax Challenges in the Region
The current growth in the Asian region is being led by both China and India. Everyone has their eye on these two countries as numerous organisations penetrate the two markets. This expansion of regional activity by both local and multinational organisations undoubtedly presents tax challenges, as cross border transactions increase and tax laws and practices develop.
Effective tax management is vital to any organisation not only because of the impact on an organisation's bottom line but because of future shareholder value, reputation and directors' liabilities.
With the introduction of the Sarbanes-Oxley legislation and other similar legislation in other countries, organisations are now being held more accountable in the area of tax. Hence it is important that organisations develop and implement tax strategies that not only create value but also manage risk.
With the new growth phase in the region we decided to conduct a survey to explore the key challenges faced by the tax professionals and to compare the attitude and behaviour towards tax issues in the region, both now and prior to the 1997 Asian financial crisis. We hope the information in this report provides you with further insight into the key tax challenges in the region.
Contents
- Survey Participants and Methodology
- Executive Summary
- Details of Questions and Responses by Subject Area
- Which Asian Countries Provide the Greatest Tax Challenges?
- Areas of Tax Risk
- Challenges for the Tax Function
- Indicators that a Tax Strategy is in Place
- Indicators that the Tax Function is Operating Effectively
- Tax Planning - Attitudes to Risk
- Management of Tax Risk
- Management Challenges for the Tax Function
- Improving Tax Services
Get Your Copy Here
Download our survey report on Managing and Planning for Tax in Asia Pacific (pdf file, 462KB) for your reference. | 