Tax Risk Management Research Based On COSO Internal Control Framework

The tax risk refers to that during the process of tax collection, due to the lack of system, the failure of policy and management and various unpredictable or uncontrollable factors, tax sources deteriorated, tax adjustment worsen, tax growth weakened. All these eventually lead to the results that the tax income cannot fulfill the possibility that the government implements its functions. Tax risk exists in the whole process and all aspects of tax administration. Considering the specific content, it mainly includes the reform of the tax system, the foreign-related taxation risk, the taxation control risk, the tax law enforcement risk and so on. The formation of enterprise tax risk caused by following reasons. Tax administrative law enforcement is not standardized and tax policy is variable. The risk caused by professional qualities of Corporate tax officers. The current taxation according to income tax plan task management system does not meet the requirements of the market economy and using preferential tax policies also lead to tax risk. The goal of tax risk management is that tax authorities, by using tax management concepts and methods, trying to make the tax risk caused by the loss of control at a minimum, provide a guarantee for the goal of Maximize tax compliance. The implementation of enterprise tax risk management has following meanings. Tax risk management is helpful to improve the fairness of the tax management; Tax risk management can make the management more efficient; Tax risk management helps to ensure the stable and safety of tax, and reduce the tax cost of collection. In this paper, the COSO model is applied to the tax risk management and internal control. First of all to ensure the rational management effectiveness and efficiency. Then achieve two traditional goals of internal control including that ensure the reliability of financial reporting and follow the relevant laws and regulations. Provide a new theoretical support for tax risk management.