Multinational Enterprises (MNE) have always been aware and cautious of risks and penalties associated with non-compliance with their filing requirements. But in the post-BEPS world, the risks of compliance without appropriate ‘risk management’ undoubtedly outweigh those of mere non-compliance. While non-compliance may bring an economic burden to an MNE, lack of risk management holds the potential to unleash a wave of disputes on a global scale, posing threats of an economic, reputational as well as personal liability nature.
Therefore, TPA Global has developed a step-by-step guide to identifying, prioritising and managing your key risks efficiently. We recommend beginning this process with customising a BEPS Action Calendar for all countries where you have presence to have a clear overview of the number and type of the approaching compliance deadlines.
With the fast growth of China’s economy and the continuous improvement of the comprehensive strength of domestic enterprises, as well as the implementation of the “One Belt, One Road” policy, an increasing amount of Chinese enterprises are beginning to expand their global footprint and establish their presence in Europe.
TPA Global has developed a practical roadmap of 6 steps meant to guide CFOs in their Journey of rising above troubles to reach a situation of full control. These steps are presented in a series of short video clips (3-5 minutes):
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