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Tax strategy: balancing value and risk

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Companies which create a comprehensive tax strategy can benefit significantly through reducing tax cost and managing tax risk. Working to support the corporate strategy, tax directors should focus on areas such as existing and future tax risks and opportunities to create a well documented plan. Creating tax value will frequently push tax risk outside the direct control of the tax function and therefore a robust management infrastructure is needed which lays out the policies and procedures at each level of the organisation.

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