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The market for tax risk insurance has evolved significantly in recent years, broadening in scope beyond M&A-related due diligence issues. From origins insuring those risks which were excluded from traditional W&I, underwriters are increasingly covering operational risks stemming from differences in legal and practical interpretation around, for example, transfer pricing positions, VAT or PE status. To what extent is tax insurance a realistic option for tax directors to manage risks from audit and litigation challenges? Can groups transfer tax risks in this way? Does it raise the issue of 'moral hazard' and does it change tax authorities strategies towards large business taxpayers? Attendees will hear from Mark Parrett, a leading broker in tax risk insurance alongside an in-house perspective with experience of this emerging tax risk insurance coverage.