The Inland Revenue Authority of Singapore (IRAS) recently published details regarding new IRAS initiatives for companies to demonstrate that they have good tax governance and tax risk management, including the Tax Governance Framework (TGF) and the Tax Risk Management and Control Framework for Corporate Income Tax (CTRM). --- About Tax Governance and Tax Risk Management Tax governance and tax risk management are essential to good corporate governance. Tax governance encompasses a well-defined and communicated corporate policy on taxation that is approved at the strategic level of a company, and reflects the attitude and culture of the company towards managing its...