How does the rise of digital business models affect phoenixing risks?
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what is phoenixing a company
- What are the implications of phoenixing for consumer protection?
- How can the development of more effective mechanisms for ensuring that the conduct of directors in the period leading up to insolvency is properly scrutinized and that those who have acted improperly are held accountable help to deter phoenixing?
- How can the development of more effective tools for identifying and tracking serial insolvents help to prevent phoenixing?
- What are the early warning signs that a company might be considering phoenixing?
- How can the development of more effective tools for identifying and tracking the movement of goods and services in the period leading up to insolvency help to uncover evidence of phoenixing?
- Is there a global consensus on the definition and illegality of phoenixing?
- What are the potential benefits of a more proactive approach to engaging with insolvency practitioners and providing them with training and resources to enhance their ability to detect and address sophisticated phoenixing schemes?
- What are the implications of phoenixing for tax revenue?
- What are the potential impacts of increased international cooperation in the development of common training standards for insolvency practitioners and other professionals involved in the insolvency process?
- What are the potential benefits of a more coordinated approach between government agencies and bodies responsible for enforcing tax laws in addressing the potential for phoenixing to be used as a means of tax evasion or avoidance?
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