Development of the Strategy to Control the Enterprise Tax Risks
Natalia Nazarova1, Oleg Borisov2, Alexander Kozharinov3, Olga Zinisha4, Rosa Avdeeva5
1Natalia Nazarova*, Department of Tax Policy and Customs Tariff Regulation, Financial University under the Government of the Russian Federation, Moscow, Russia.
2Oleg Borisov, Department of Tax Policy and Customs Tariff Regulation, Financial University under the Government of the Russian Federation, Moscow, Russia.
3Alexander Kozharinov, Department of Tax Policy and Customs Tariff Regulation, Financial University under the Government of the Russian Federation, Moscow, Russia.
4Olga Zinisha, Department of Cash circulation and credit, Kuban state technological University, Krasnodar, Russian.
5Rosa Avdeeva, Department of Cash circulation and credit, Kuban state technological University, Krasnodar, Russian.
Manuscript received on November 17., 2019. | Revised Manuscript received on November 24 2019. | Manuscript published on 30 November, 2019. | PP: 12193-12195 | Volume-8 Issue-4, November 2019. | Retrieval Number: D8963118419/2019©BEIESP | DOI: 10.35940/ijrte.D8963.118419
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: In the rapidly changing economic and legal conditions, constant attention must be paid to identifying and assessing risks, as well as managing tax risks. The use of performance indicators is carried out through continuous monitoring of key risk indicators, which allow you to identify negative events in the early stages and take timely measures to reduce risks. Recently, there has been a trend in the relationship between the functions of tax risk management and monitoring compliance with current legislation. This leads to the fact that the discussion of one of these functions inevitably affects the other. Strengthening the requirements of the law, toughening the responsibility for their non-compliance with this risk of damage to the reputation of the organization. Many organizations continue to focus on top management and tax risk management. Achieving the goals of the organization requires specific ideas about the main activity of the organization, as well as the study of the main types of risks. The process in which the activities of an organization are directed and coordinated in terms of the effectiveness of risk management and is risk management. The application of the risk management system in the organization allows to increase the effectiveness of the organization, namely, to maximize profits due to the reasonable adoption and management of risks, meet leading industry practices, the expectations of counterparties and investors, increase planning efficiency, ensure the predictability of financial results, increase the stability of operating indicators for account of the implementation of the monitoring system. Thus, it should be concluded that tax risk management is one of the key tools aimed at improving the effectiveness of the organization’s leaders, which they can use by introducing a risk management system to identify and take measures to reduce risks to an acceptable level. Keywords:
Keywords: Tax Risk, Tax Risk Management, Risk Management, Risk Reduction.
Scope of the Article: Simulation Optimization and Risk Management.