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World Tax guide to the best tax advisers launched

World Tax books

World Tax 2017, International Tax Review's guide to the leading tax advisory practices around the world, including law and accountancy firms, is live and free to view now.

The annual World Tax directory, which can be found at www.itrworldtax.com, is a key resource in assisting tax executives locate specialist advice. It rates the tax expertise offered in more than 50 jurisdictions globally, giving tax executives the most comprehensive information about the tax advisory market. Firms are ranked according to their depth of tax knowledge and the quality of their service, after an intensive five-month research period by staff across three continents.

Across the jurisdictions covered (excluding the US, which is split into six regions), PwC performed the best – appearing more than 50 times in tier 1 of the rankings. Deloitte and EY followed closely, being ranked in the top tier 44 and 42 times, respectively.

However, the Big 4 firms did not completely dominate the top positions. They failed to get a foothold in tier 1 in France, where Bredin Prat, CMS Bureau Francis Lefebvre and new tier 1 entrant Arsene Taxand, Taxand France were the top firms. In Italy, BonelliErede and Maisto e Associati once again triumphed in the top tier.



World Tax books

ITR subscribers and firms which advertised in the guide received hard copies of World Tax in October



World Tax is unique as it classifies professional services, law firms and other tax advice providers together, rather than looking at them separately, because they undoubtedly compete for work. The fact that this competition exists is also evident in the regular moves that practitioners make between law firms and other providers. It is common for advisers to switch between law firms and Big 4 firms during their careers.

New jurisdictions and global trends

In this year’s edition we were delighted to include a new jurisdiction, Thailand. The country’s tax market is going through a particularly exciting period, with a major tax reform underway and the corporate tax rate having dropped by 10 percentage points in the past five years. Top firms in the jurisdiction were Baker & McKenzie, the Big 4 firms and LawAlliance.

Globally, the biggest trend continues to be the OECD’s Base Erosion and Profit Shifting (BEPS) Project, which has undoubtedly been the biggest driver of policy change. Some countries are implementing the recommendations in full, while others are putting into place only the minimum requirements called for by the OECD. Several jurisdictions are waiting to see how the BEPS plan will progress before committing to any action, and others already have legislation which fits – or exceeds – the OECD’s recommendations.

Transfer pricing

TP WeekInternational Tax Review's online-only sister publication about transfer pricing, published its own directory about advisers, lawyers and providers in that market.

www.worldtransferpricing.com offers a comprehensive guide on advisers specialising in this area.

more across site & bottom lb ros

More from across our site

Lawmakers have up to 120 days to decide the future of Brazil’s unique transfer pricing rules, but many taxpayers are wary of radical change.
Shell reports profits of £32.2 billion, prompting calls for higher taxes on energy companies, while the IMF has warned Australia to raise taxes to sustain public spending.
Governments now have the final OECD guidance on how to implement the 15% global minimum corporate tax rate.
The Indian company, which is contesting the bill, has a family connection to UK Prime Minister Rishi Sunak – whose government has just been hit by a tax scandal.
Developments included calls for tax reform in Malaysia and the US, concerns about the level of the VAT threshold in the UK, Ukraine’s preparations for EU accession, and more.
A steady stream of countries has announced steps towards implementing pillar two, but Korea has got there first. Ralph Cunningham finds out what tax executives should do next.
The BEPS Monitoring Group has found a rare point of agreement with business bodies advocating an EU-wide one-stop-shop for compliance under BEFIT.
Former PwC partner Peter-John Collins has been banned from serving as a tax agent in Australia, while Brazil reports its best-ever year of tax collection on record.
Industry groups are concerned about the shift away from the ALP towards formulary apportionment as part of a common consolidated corporate tax base across the EU.
The former tax official in Italy will take up her post in April.