Tax Guru's Book Explores Corporate Tax Risk
March 3, 2008Lexis Nexis has published a new book about corporate tax risk management, Managing 7 Habitual Tax Mistakes (A Tax Risk Management Handbook), written by tax attorney and author Daniel Erasmus.
Author Daniel Erasmus, a tax attorney, said he wrote the book for a broad audience, including CFOs, CEOs, boards of directors, corporate operations managers and tax advisors.
"In some respects, many corporate taxpayers are their own worst enemies because they tend to be reactive to tax problems and tax risks," said Erasmus. "This inevitably results in additional and unforeseen taxes, sometimes totaling millions of dollars."
Erasmus said that because many corporations have internal tax departments that deal with compliance issues, senior management sometimes is lulled under the false impression that their tax risks are well understood and under control.
"This is a dangerous and often costly mistake that numerous senior executives and board members make, many times with disastrous results. However, a properly structured prevention strategy that is an integral part of a proven tax risk management process can help prevent this catastrophe from occurring, and my book is a guide to doing just that," Erasmus asserted.
Erasmus is at the forefront of tax research in the area of the constitutional rights of taxpayers. Prior to founding the law firm of Daniel Erasmus & Partners, he held positions at several law firms and with Deloitte & Touche.
"I hope this book will communicate to today's corporate leaders the extraordinary importance of a proper tax risk management (TRM) process," said Erasmus. "When an effective TRM program, such as I’ve developed, is in place, these individuals can be certain their companies will enjoy minimal tax exposure while being fully regulatory compliant."2008 SmartPros Ltd. All rights reserved.