TEI’s 71st Virtual Midyear Conference

TEI’s 71st Midyear Conference is themed "Choosing a Path Forward in a Changed World".
 
Delivered virtually, our four-day program will bring together an outstanding cadre of instructors to examine the broad range of technical, policy, and management topics of direct interest to you, your tax department, and your company.
 
The Midyear Conference program features dedicated sessions focusing on U.S. federal, international, and state tax, as well as Canadian tax and COVID-19-related measures.

Vertex Session

Managing Transparency Risk: Owning Your Data, Controlling Your World

March 24, 2021 | 11:30 am – 12:45 pm

Historically, the concept of “transparency” with government visibility was linked to taxpayer activities and transactions. More recently, mechanisms for increasing transparency have introduced tensions between taxpayers and their advisors. The near future presents the possibility of greater tensions, as lines of sight into historically confidential taxpayer information could be offered to the public. This session will discuss recent developments in taxpayer transparency and data management, including potential conflicts between taxpayers and governments, advisors, and external stakeholders resulting from data transparency.

Learning Objectives

After this session, participants will be able to:

1. Identify recent data-related developments regarding government-related tax transparency issues; 
2. Understand potential conflicts between taxpayers and their advisors arising from new disclosure requirements
3. Assess the fallout arising from potential public disclosure of confidential tax information with respect to external stakeholders