Market leading insight for tax experts
View online issue

Insuring Tax Risk

 
Alena Watchorn Executive Director of Willis Ltd highlights the lack of awareness of tax insurance and asks whether it is a viable solution to mitigate large corporate tax risks
 
The concept of insuring tax risks is not often considered generally because of a lack of awareness. This article expands on the reference to tax insurance included in the article entitled 'Transaction Insurance and M&A Transactions' featured in the 22 December issue of The Tax Journal (Issue 962).
 
During due diligence of a potential acquisition tax advisers for the bidder identified a $150 million contingent tax risk which if realised would seriously impact on the value of the target. The sellers had taken expert advice from their advisers and whilst the risk was perceived to be extremely...
If you are not a subscriber, subscribe now to read this content.
If you are already a subscriber, sign in
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
EDITOR'S PICKstar
Top