The group tax review is a process that is designed to assist you in identifying the key domestic and international tax attributes of your corporate group with a view to reducing potential tax risks and exposures, minimising tax costs and creating value through the development and implementation of relevant tax management solutions. It also helps you in formulating effective strategies for optimising your corporate group's overall tax position.
Typically, operation and ownership structures that have emerged naturally with the development of business rather than planned result in structures that:
By undertaking a group tax review, your corporate group may achieve some or all of the following objectives:
Below is an illustration of a typical operating and business structure before and after conducting a group tax review.
A group tax review could involve the following process:
The group tax review is also an excellent tool for revisiting old tax strategies and deal with exposures when planning for an IPO or creating an efficient tax structure when doing a corporate reorganisation.