TAX (RISK) MANAGEMENT

LEARNING OBJECTIVES

The management of the tax position of a group of companies is in the current module
approached as a risk management exercise. The two days focus on the two sides of risks. The first is the downside risk which may burn cash and reputation. the second is the positive opportunity risk which translates in smart strategies and business models. in a fast changing environmentthe two sides must be on the CFO’s agenda.

As the leader of the finance function, the CFO is ultimately accountable for the management of taxes. This was illustrated by the public debates of the last years on abusive tax practices where it was generally the CFO’s appeared in the public debates, e.g. before parliamentary commissions. 

Ultimate decisions with regard to tax strategies or controversies are the responsibility of the CFO. Hence, the taxation topic cannot be fully outsourced to the tax director or an external adviser. The CFO is also the steward of global tax risk management processes. 

The program will address the accountability of the CFO for tax matters in four different aspects:

• tax risk management including appropriate compliance and reporting processes and tools 

• tax strategies that enhance shareholder value in a rapidly changing environment driven by the G20 and the OECD

• integration of tax management with business management (business partnering role of the tax function) 

• ensuring that the right resources and competencies are available to the company

At the end of this module the participants will have a good understanding of the relevant aspects of setting up a strong tax management program in their companies.

DAY 1

Tax risk management

We provide participants with an in-depth understanding of the different elements of the risk management process and focus on so called infrastructure risks (governance, processes, people, technology) as on tax technical riks. 

The various reporting obligations at group level and at legal entity level will be addressed as well as management reporting tools and internal control process applied to taxes. 

Attention will also be given to the management of controversies, considering the developments of tax authorities’ new strategies and the increasing transparency on companies tax affairs.

Such new developments are a response to the strong public demand supported by NGOs and political parties. It is therefore critical for finance professionals to manage tax risks more broadly including external communication.

After this day, participants will be able to:

• set up the building blocks of a tax risk management process, including approaches to controversies

• understand the various reporting requirements and their impact on the finance function.

• associate risk factors with management reporting and internal controls

• organize resources and competencies.

ABOUT THE FACULTY

ANDRE CLAES

André has been a Partner with Deloitte for 22 years focusing on all aspects of international taxation. He lead the Deloitte Global Tax Compliance Centre which is hosted by the Belgian member firm from 2010 to 2016.

André also lectures in Corporate Taxation at the Solvay Brussels School.

THIERRY LAUWERS

Thierry is a lawyer specialized in tax lax since 1996 and is the founding partner of Lauwers & Seutin Tax Lawyers with offices in Ghent, Brussels and Liège. He is lecturer in international tax law at the Hogeschool Ghent and at  the Postgraduate Tax Science at the Bruges Business School.  He is also lecturer in corporate taxation at the Solvay Business School.  He is author of different books and publications.

MORE INFO

HOW TO GET THE MOST OUT OF YOUR TRAINING

Combine this module with "Financial Risk" to become the finance risk manager of your company.

Solvay Brussels School

Franklin Rooseveltlaan 42

1050 Brussels

 

The Solvay building is located in the green heart of Brussels, on the edge of the beautiful Ter Kameren forest and a 15-minute walk (or 5 minutes by public transport) from the bustling center of Brussels. If desired, there are numerous
accommodation options (hotels and (air) bnb) in the neighborhood and in the center of the city. Need help?  Do not hesitate to contact us.

1.650 euro, excl VAT

Other price formulas: 

  • You can choose to follow this module in the context of the EMF programme. If you complete all 15 modules in a period of 15 subsequent months, then you pay € 16.000. If you spread it over a period of 3 years, then you pay € 18.000. 

  • Five Module package: 7500 euro / 5x2 modules of your choice. 

  • In-company:  This training personalized as part of your in company: good idea! Call us. 

NEXT TRAINING DATES

NOVEMBER 2020 19-20

 

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