Likewise, tax planning, if done right, allows a company to reap many rewards, but do it wrong and the tax authorities could hound you for years to come.
Two forthcoming issues of International Tax Review will include survey results of the leading tax transactional (March) and tax planning firms (May) around the world. This is your opportunity to vote for the firms that you think deserve to be known as the best of the best. The deadline for voting is January 11 2018.
Alongside rankings of the top firms, the ITR team will review the transactional and tax planning trends across the world to help you see what’s changed and what is yet to come.
This is a secret ballot. Your choices will be used anonymously and no one will be able to attribute them to you.
Submissions should be sent to anjana.haines@euromoneyplc.com in the following format:
Transactional: tax advice given as part of M&A, joint ventures and other corporate deals. (List a maximum of three firms)
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Contact at firm(name and email address) |
Reason for nomination(A few short sentences only) |
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Planning: tax advice on structures designed to pay the right amount of tax in the right place at the right time in accordance with both the letter and spirit of the law, trying to avail itself of the legitimate benefits afforded by the law so as to contributing to the full actualisation of the potential of tax policy as an instrument of change and avoiding the pitfalls of double or multiple taxation. For example, transfer pricing, thin capitalisation, VAT planning. (List a maximum of three firms)
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Contact at firm(name and email address) |
Reason for nomination(A few short sentences only) |
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The two new surveys will be unlike our awards dinners and annual World Tax publication. The awards ceremonies recognise innovation across a portfolio of work over the previous 12 months. In World Tax, we identify the world’s leading tax firms, ranked on the depth of practice, client feedback, international capabilities and reputation.
The surveys will break these classifications down to highlight firms which perhaps specialise in offering one aspect of tax advice, or which have domestic dominance but little or no formal international network. Similarly, the surveys will allow full-service accounting firms and larger law firms to gauge the strength of one side of their tax practice against their smaller peers. As the firms will be listed on a country-by-country basis, firms can also compare practices in different parts of the world. We define tax planning as transfer pricing, indirect tax work and tax structuring not connected to any deal of substance. In our consideration for the tax transactional survey rankings, we note M&A and capital markets work as well as IPOs, spin-offs, carve-outs and other transactional work.
The firms will be ranked from a poll of corporate taxpayers. We encourage you to share this survey so everyone gets to voice their opinion.
Firms from the following 50 jurisdictions will be ranked:
Argentina , Australia, Austria, Baltic States (Estonia, Latvia and Lithuania), Belgium, Brazil, Canada Chile, China, Colombia, Cyprus, Denmark, Finland, France, Germany, Greece, Gulf Cooperation Council, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Luxembourg, Malaysia, Malta, Mexico, Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Portugal, Russia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Turkey, UK, Ukraine, Uruguay, US, Venezuela and Vietnam.
In each poll, please vote for the leading firm, in your opinion, in the three jurisdictions where you have most experience. When deciding on your vote, consider the technical knowledge, partner input, communication, responsiveness speed and value for money of the service you received as well as the firm’s relationships with tax officials. The transactional survey mainly refers to external work, such as M&A deals, joint ventures and other corporate deals. The planning survey will focus more on internal work and tax advice on structures designed to minimise tax liability, such as transfer pricing, restructuring, thin capitalisation and VAT planning.
The deadline for voting is Thursday 11 January 2018.
