As if having to fork over taxes to federal, state and localgovernments weren't enough in these tough economic times, expertsare warning companies that they can probably expect more audits bystrapped governments looking for ways to scare up extra cash tohelp them avoid cutting back on needed programs.

That's the conclusion of a new report by the Tax GovernanceInstitute and accountancy firm KMPG, which in March and April askedthe institute's 14,000 members to rate what they considered theirbiggest tax risks going forward.

KMPG principal Hank Gutman, who is also executive director ofthe Tax Governance Institute, says 30% of the responding firms rankincreased tax audits as the biggest tax risk they face, ahead ofboth increased regulatory risks (27%) and accuracy of taxprovisions (26%).

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