The tax climate is changing – for the worse. Corporations face tougher requirement, more educated tax inspectors, higher penalties, tax investigations that might last for10 years before it is taken to court and sky high penalties. Penalties are cumulative, and for example one single error in the Transfer Pricing documentation might open up for potential penalties in more than 100 countries and the total tax might exceed 100 %. Tax risks has become one of the 1-3 highest risk for multinational corporations and corporations have to be proactive and prevent themselves. The presenter has experienced that tax authority has terminated further investigation when ISO certification on tax and Transfer Pricing has been put on the table. There are tools available for mitigating the sky high risks, and the course will cover some of them.