MNCs see global tax risks increasing

[SINGAPORE] Companies fear that already heightened tax risks are going to accelerate in the next two years. The lack of coordination between governments - creating the possibility of double taxation for companies - is a particular concern, especially for multinational companies (MNCs), including those in Singapore.

These were the findings in a new global report by EY, Bridging the Divide.

Four-fifths of the 830 tax and finance executives surveyed across 25 countries said that they worried about tax risks growing.