The tax department at Faludi Wolf Theiss includes one partner and two fee earners. Although small in size, the team is active on a range of tax matters and well known in the market for its strong leadership.Head of tax Balázs Békés is described by clients ...
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The tax department at Faludi Wolf Theiss includes one partner and two fee earners. Although small in size, the team is active on a range of tax matters and well known in the market for its strong leadership.
Head of tax Balázs Békés is described by clients as a valuable resource who is in constant pursuit of achieving the best results for his clients.
One client explains: "I would consider Balazs Bekes a real local tax treasure. He is extremely imaginative, proactive and well trained in many tax considerations of an international structure that go beyond Hungarian tax expertise.
The client added: "His background of having been employed at EU headquarters in Brussels at some time in his past undoubtedly has equipped him with the ability to look beyond the country's borders, a quality we are always looking for when hiring local tax counsel but which we had not anticipated to be available in Hungary in such depth."
Since forming in 2009, the department has become more active in international tax, corporate tax, litigation, and tax structuring and restructuring.
Békés, Balázs Horváth and Erzsébet Varga are assisting Hewlett-Packard Magyarország and Hewlett-Packard Informatika in connection with a transfer of certain business activities and selected transfer pricing issues.
Horvath is also praised by clients who say he provided excellent corporate advice and assistance.
In corporate tax work, the team advised Viacom Group, a leading international entertainment company, in connection with the adjustment of a former restructuring. The deal required a thorough understanding of cross-border tax as well as international M&A matters.
"My prime interest is in the tax technical qualities and creativeness of the providers I hire and their ability to produce tangible benefits to Viacom in applying their talents and knowledge to our structure and business operations. I give Balazs Bekes top rating for accomplishing just that," said a client.
Other notable work includes representing ECE Einkaufs in a tax dispute case. The deal involves challenging the Hungarian tax authority regarding the alleged unlawful reclaim of VAT liabilities.
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