How can the tax director cope with the seemingly impossible task of choosing between three equally unpleasant outcomes: becoming uncompetitive, failing to satisfy regulations and offending the moral judgement of the general community?
Tom Duffy FCCA
Consultant Affecton
Tax directors could be forgiven for being confused. They are used to considering how to minimise the corporate tax burden and helping their firm complete in the market place but they now must consider whether the tax affairs of the business satisfy the moral judgment of the wider community?
How should tax directors respond to this new ‘trilemma’? One way to approach this issue is to use the analytical framework set out in ‘The Shell Group Global Scenarios to 2025’ which enables businesses to review their strategy in a changing environment. The scenarios outline...
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