The challenges and opportunities of interim VAT management
01 April 2012
Suddenly finding yourself without a key part of your tax department can be a problem at the best of times, particularly in the middle of a major international merger. Salman Shaheen explores how taxpayers can benefit from interim VAT management in emergency situations and how it differs from companies’ more common experience of secondment.
Most multinational companies are supported by strong
indirect tax teams. They will hire secondees from accountancy
firms on a temporary basis to plug gaps in their compliance
work, but it is a rare and dire set of circumstances that
forces them to bring on an entire senior VAT team from a law
firm to make the necessary decisions for them.
In his first week at Alvarez & Marsal Taxand (A&M
Taxand) in 2008, managing director and leader of the global
indirect tax team, Richard Baxter, was sitting at his desk
quietly drinking coffee when someone handed him a pile of legal
documentation on a real estate transaction for a distressed
bank which the firm was managing. Baxter initially thought he
would be giving the kind of indirect tax advice he had built
his career on, but the work he ended up doing turned out to be
very different as he...
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