Developed economies now have largest tax risk according to survey

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According to the Ernest & Young 2017 Tax Risk & Controversy Series; Tax steps into the light, a survey of over 900 tax and finance executives in 68 different jurisdictions, geopolitical uncertainty is shifting tax risk from emerging markets to developed economies, with Australia, the US, the UK and (including China and India) now representing the top five tax risk jurisdictions. The survey finds that 58% of executives have experienced an increase in risk or uncertainty around tax legislation or regulation as a result of globalisation.