Tax Risk Management

Corrs is well placed to help clients manage the two main activities which will contribute to their ability to minimise and manage tax risks to their business - early identification and appropriate documentation regimes.

Corrs is actively involved in advising clients on the first activity - early identification of the tax risks associated with particular transactions, business activities or operations so that informed decisions can be made about whether the risks are acceptable and which party should ultimately bear them.

Corrs also regularly advises clients on the second - how to create and maintain appropriate supporting documentation, including transaction documents and communications, among the relevant parties involved in major transactions to ensure they reflect the commercial realities, support the tax positions adopted and preserve legal professional privilege to the maximum extent possible.

Where appropriate, Corrs also assists clients seeking rulings and other administrative guidance from the relevant taxing authorities or in obtaining opinions from Counsel to manage and control these risks.