Tax administration

Building transparent tax compliance by banks


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Publication Date:
13 July 2009
Pages: 136


Building Transparent Tax Compliance by Banks


What role do banks play in the provision of aggressive tax planning arrangements? This book analyses the nature of banking, the complex structured financing transactions developed by banks and how they are then used by both banks and their clients. It also explores the internal governance processes that banks use to manage tax risk and the prevention, detection and response strategies applied by different revenue bodies in responding to the challenges that banks pose.


The book makes a number of recommendations for revenue bodies and identifies best practices for consideration by banks. For example, revenue bodies should gain an  understanding of how individual banks manage tax risks, as robust risk management processes can provide them with greater assurance of a bank’s tax compliance. In turn, banks are encouraged, in setting their business strategy, to consider the benefits of an enhanced relationship with revenue bodies, including early certainty, reduced compliance costs and reduced reputational risks.

Table of Contents

  • Executive summary
  • Introduction 
  • Chapter 1. The banking environment and the financial crisis 
  • Chapter 2. Why revenue bodies are concerned about banks 
  • Chapter 3. Governance and risk management in banking 
  • Chapter 4. Revenue body risk management and response strategies
  • Chapter 5. Tax evasion
  • Chapter 6. Conclusions
  • Bibliography 
  • Annex A. Examples of why revenue bodies are concerned about banks
  • Annex B. Revenue body risk management and response strategies
  • Glossary

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