E&Y: Global Tax Risk, Controversy on Rise as Governments Seek Revenue

For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

Tax controversy and risk are rising around the globe as governments seek more revenue and join forces with other administrations to enforce tax laws, according to a new, comprehensive survey by Ernst & Young LLP. “There has been a significant increase in potential risk related to controversy around the world,” Debbie Nolan, a partner in E&Y's Tax Controversy and Risk Management Services group, tells BNA. She notes that as cross-border activity skyrockets, “[t]here is a growing need for achieving levels of certainty and resolving issues sooner rather than later. The challenges can be really, really daunting.”

Request Daily Tax Report