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Addressing Tax Risks Involving Bank Losses

Posted on 2010-09-21




Name:Addressing Tax Risks Involving Bank Losses
ASIN/ISBN:9264088672
Publish Date:15 Sep 2010
Pages:91 pages
File size:1 Mb
Publish Date: 15 Sep 2010
ISBN: 9264088672
Pages: 91 pages
File Type: PDF
File Size: 1 MB
Other Info: OECD
   Addressing Tax Risks Involving Bank Losses

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This comprehensive report sets the market context for bank losses and provides an overview of the tax treatment of such losses in 17 OECD countries; describes the tax risks that arise in relation to bank losses from the perspective of both banks and revenue bodies; outlines the incentives that give rise to those risks; and describes the tools revenue bodies have to manage these potential compliance risks. It concludes with recommendations for revenue bodies and for banks on how risks involving bank losses can best be managed and reduced.

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The financial and economic crisis had a devastating impact on bank profits, with loss-making banks reporting global commercial losses of around USD 400 billion in 2008 .

Table of Contents

Executive Summary

Chapter 1. Setting the context for current levels of bank tax losses

Chapter 2. Potential scale/fiscal cost of banks’ tax losses

Chapter 3. Summary of country rules in relation to taxation of bank losses

Chapter 4. Main issues for banks in relation to tax losses

Chapter 5. Compliance/tax risk issues for revenue bodies in relation to bank tax losses

Chapter 6. Tools available to revenue bodies to address compliance risks in relation to bank tax losses

Chapter 7. Conclusions and recommendations

Annex A. Country rules in relation to taxation of bank losses

Glossary of acronyms and technical terms

with TOC BookMarkLinks

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