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Tax Strategy

 
Gail Timmins of Lawrence Graham LLP outlines how to plan and deliver a comprehensive tax strategy
 
'Tax' and 'Strategy' are two words that seem to instil the equivalent fear of a dawn raid by Customs & Excise into some tax departments. Much has been written about the relevance of tax strategy on the Effective Tax Rate (ETR) how tax planning is required to ensure that the ETR is kept as low as possible and how this is becoming more difficult in light of the new disclosure regime. However if you ask many (although not all) in-house tax teams whether they have such a thing as a tax strategy they say something like 'well yes but it's not written down or formulated to any great degree but everyone knows they need to speak to...
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