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| "My team and I have been directly involved in some of the largest tax problems affecting some of the world’s largest multi-national companies in a variety of jurisdictions, involving billions in exposure to some of the IRS’s counterparts around the world." |
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"Managing the 7 Habitual Tax Mistakes" is a handbook based on the principles used by Daniel N. Erasmus and his team of tax professionals in assisting some of the major multinationals in managing their Tax Risks.
Now you can also benefit from these successful methods and strategies to manage your tax risks.
Daniel N. Erasmus is the FIRST independent published author on the issues of Tax Risk Management, GLOBALLY. |
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| Get a free sample? Click here >>> |
| Click here to buy the book >>> |
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"Managing the 7 Habitual Tax Mistakes"
is published by:
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| Mistake 1 |
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Taxpayers tend to be reactive to tax risks. This translates to additional tax with penalties and interest. Proactive tax risk management will eliminate this. |
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Mistake 2 |
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Tax compliance departments need to work with a tax team to optimize tax risk management positive outcomes. This will increase coverage of the business’s tax risk from 40% to 100%. |
| Mistake 3 |
| Most businesses have no tax risk management {TRM} strategy, other than blindly ensuring they are “fully tax compliant”. Minimizing tax risk cannot be achieved without a {TRM} strategy. |
| Mistake 4 |
| Insular tax compliance from an ivory tower can only mean that tax compliance is probably at its lowest. Getting to the “tax truth” requires total transparency and ongoing connectivity throughout the business. |
| Mistake 5 |
| Lack of facts, facts and more facts, so often leads to bad tax compliance and unnecessary mistakes. Get the facts, then the technical expertise can be applied properly. |
| Mistake 6 |
| Financial accounting systems supply the numbers on which tax compliance is based. Simple reliance on these numbers without an internal audit process results in unnecessary tax exposures. |
| Mistake 7 |
| Lack of communication between the tax manager and the rest of the business, outside processing numbers for tax returns, is the reason why 60% of tax risk is hidden. This can only be remedied through ongoing communication. | |