Description of a Tax Control Framework

The objective of a TCF is an effective, efficient and transparent tax function. In this tax function, risks
that are not the counterpart of an opportunity are avoided to an efficient extent. All opportunities are made transparent
as to risk and reward (taking into account the strategy of the organization) so that a reasoned decision can be made on
which opportunities to pursue (and risks to take on) and which opportunities not to pursue.

In a TCF for each process in an organization, the roles and responsibilities as to the tax aspects are set and procedures and tools are made available. The allocation of roles and responsibilities should be made in such a way that all opportunities and risks are spotted. Subsequently, in a TCF all of the above is properly documented and reported.