This policy outlines areas of responsibility related to the company tax process, including federal, state, and franchise tax, payroll tax, audits, amended tax returns, acquisitions/dispositions and all other legal matters pertaining to taxes.
In this sample, a company’s corporate tax services has the overall responsibility for all phases of taxation throughout the corporation and its operating locations. This responsibility includes tax planning, research, accounting, compliance, administration, audits, litigation and advice for all units of a company. In addition, the chief financial officer has overall responsibility for all tax policy and managers are responsible to implement and administer this policy within their organizations.