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Mammoth rise in tax audits worldwide

Mammoth rise in tax audits worldwide
23 May 2014

First published in International Tax Review, 23 May 2014

Tax audits have risen 73% worldwide, giving corporations around the world plenty to think about when it comes to having their tax affairs in order.

Governments around the globe need to claw back revenue to decrease public debt levels in the wake of the financial crisis, and are increasingly turning to litigation to bring in funds.

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Taxand's Take

"As governments aggressively try to fill budget deficits, tax litigation action against multinationals has been on the rise," said Frederic Donnedieu de Vabres, chairman of Taxand, which hosted its annual conference in Shanghai earlier this month.

Taxand's Take Author