Tax risks of banks and insurance companies

In the process of doing business, insurance companies and banks often face all kinds of risks, which often affect the success of activities. The chosen strategy should be justified, as the conditions of fierce competition require the timely introduction of new ideas and technologies. Deciding on such a step, the insurance company should adequately assess the degree of various risks, including tax, and be able to manage them. The article is devoted to the theoretical aspects of risk management of banks and insurance companies. Economic and legal characteristics of tax risks, methods of identification and directions of their minimization are considered.