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Insuring Tax Risk

Alena Watchorn, Executive Director of Willis Ltd, highlights the lack of awareness of tax insurance and asks whether it is a viable solution to mitigate large corporate tax risks

 
Alena Watchorn Executive Director of Willis Ltd highlights the lack of awareness of tax insurance and asks whether it is a viable solution to mitigate large corporate tax risks
 
The concept of insuring tax risks is not often considered generally because of a lack of awareness. This article expands on the reference to tax insurance included in the article entitled 'Transaction Insurance and M&A Transactions' featured in the 22 December issue of The Tax Journal (Issue 962).
 
During due diligence of a potential acquisition tax advisers for the bidder identified a $150 million contingent tax risk which if...

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