Proactive Tax Risk Management

36 Pages Posted: 23 Sep 2009 Last revised: 20 Jun 2011

See all articles by Dr Daniel N. Erasmus

Dr Daniel N. Erasmus

Thomas Jefferson School of Law; Middlesex University

Date Written: September 23, 2009


Tax Risk Management requires seven steps to ensure complete compliance by taxpayers, in an international environment where tax authorities are becoming better equipped and organized in closing tax gaps. Part of the process of tax authorities is the formation of Large Tax Units that expect to classify taxpayers into two categories: co-operative taxpayers, and those that are not. A proactive tax risk management process ensures that taxpayers fall into the former category. This paper examines the major steps that should be taken to achieve this.

Keywords: tax risk management, tax audit, international tax, tax best practice, tax uncertainty, FIN 48, SOX 404, corporate governance

JEL Classification: K10, K33, K34

Suggested Citation

Erasmus, Dr Daniel N. and Erasmus, Dr Daniel N., Proactive Tax Risk Management (September 23, 2009). Thomas Jefferson School of Law Research Paper No. 1435612, Available at SSRN: or

Dr Daniel N. Erasmus (Contact Author)

Middlesex University ( email )

United Kingdom

Thomas Jefferson School of Law ( email )

701 B Street
Suite 110
San Diego, CA 92101
United States
561-568-7115 (Phone)


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