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Despite the global financial crisis, revenue for the Deloitte tax practice grew by more than 14% during the 2009 financial year, while profits jumped by almost a quarter.Over the past 12 months the firm has advised 75% of the top 50 Australian companies.Two ... [more]

Despite the global financial crisis, revenue for the Deloitte tax practice grew by more than 14% during the 2009 financial year, while profits jumped by almost a quarter.

Over the past 12 months the firm has advised 75% of the top 50 Australian companies.

Two practice groups have achieved considerable growth given tough market conditions: global transfer pricing and indirect taxes.

The transfer pricing group is led by Paul Riley, who was recently promoted to Asia-Pacific transfer pricing leader. During the past year, the group was strengthened by the appointment of Arthur Mills, former senior tax official with the Australian Taxation Office (ATO) with expertise in transfer pricing audits and advance pricing agreements (APAs). Mills joins an already experienced group which also boasts Dave Grecian, the former ATO transfer pricing practice leader and former chair of OECD working paper No 6 on transfer pricing, and Dave Lewis, a former competent authority for the ATO.

The firm's M&A team is led by Mark Goldsmith. Deloitte now has dedicated M&A tax teams in both Sydney and Melbourne with experience and depth.

The firm's global employer services achieved a growth of 20% during FY09 under the leadership of Sarah Lane.

Last year proved another successful year for Serg Duchini and the firm's R&D team. The group now provides R&D advice to top 50 Australian stock exchange clients, for example, Rio Tinto, Australia and New Zealand Banking Group and The Pratt Group.

Deloitte has also embraced technology as a method for reaching the tax market and regularly broadcast updates on the country's budget via the micro-blogging site, Twitter. This proved to be a big success.

Deloitte's China tax practice took an advisory role in shaping the country's VAT reforms and was the sole professional services firm involved in the legislation. The firm also utilised the resources of the global network of Deloitte member firms to assist ... [more]

Deloitte's China tax practice took an advisory role in shaping the country's VAT reforms and was the sole professional services firm involved in the legislation. The firm also utilised the resources of the global network of Deloitte member firms to assist the SAT's new Large Enterprise Division in drafting the Guidelines on Tax Risk Management for Large Enterprises. It aligns China's legislation with a more international standard of large enterprise tax management.

Ryan Chang and Emiko Okubo advised a Chinese taxpayer in the application for the first bilateral APA agreement between China and Japan and a corresponding transfer pricing adjustment. This is the first case concerning intellectual property. The team had to negotiate the long list of technical requirements outlined by Chinese and Japanese tax authorities.

The firm's indirect tax practice was boosted this year by the appointment of Sarah Chin to lead the group. Clients have also recommended tax leader Joseph Tse for his "diligent and accessible" advice.

The brains of the firm's tax group is the National Tax Technical Centre. In its third year of operation, it produces a full spectrum of internal and external newsletters, analysis, and thought pieces to help the practice's professionals and clients alike gain insight on increasing client tax benefits.

Deloitte's tax managing partner for Southern China, Ryan Chang, leads the firm's Hong Kong tax team, part of Deloitte China. The practice provides a range of tax compliance and consulting services, international tax, transfer pricing, mergers & acquisitions ... [more]

Deloitte's tax managing partner for Southern China, Ryan Chang, leads the firm's Hong Kong tax team, part of Deloitte China. The practice provides a range of tax compliance and consulting services, international tax, transfer pricing, mergers & acquisitions and indirect tax advice.

Patrick Yip and Yvonne Law are regularly involved in discussions with government bodies for the development and interpretation of new rules and regulations. Yip, deputy tax managing partner for Greater China, is a member of Hong Kong General Chamber of Commerce's Taxation Committee, and has been engaged with policy discussions with the Hong Kong and Chinese governments. Law has been a prominent figure in both the tax and non-tax field. She has been appointed as a member of the HK Hospital Authority and a member of the Citizens Advisory Committee on Community Relations of the Independent Commission Against Corruption (ICAC), and the HK Film Development Council Committee to provide advice on public affairs.

For the second consecutive year running, Deloitte have poached a significant number of tax professionals from PricewaterhouseCoopers. The firm took 22 transfer pricing specialists from their big four rival, all coming from PwC's transfer pricing centre ... [more]

For the second consecutive year running, Deloitte have poached a significant number of tax professionals from PricewaterhouseCoopers. The firm took 22 transfer pricing specialists from their big four rival, all coming from PwC's transfer pricing centre of excellence. The group was led by Parikshit Datta. Transfer pricing is a significant area of focus for the firm and in the past 12 months the practice, which is led by the highly-regarded Samir Gandhi, has grown from 60 to 110 professionals.

Not content with raiding PwC, Deloitte brought in Rajesh Srinivasan from Ernst & Young and M&A specialist Hemal Jitendra Mehta from KPMG.

The tax practice, which is lead by M Lakshminarayanan, was involved in one of the largest mergers in the financial sector in the past 12 months. Vipul Jhaveri and Prashant Deshpande advised HDFC Bank in its $2.4 billion merger with Centurion Bank of Punjab. Deshpande also advised Emirates Telecommunications Corporation in its acquisition of a stake in Swan Telecom. The deal was worth $900 million and was among the top ten M&A deals of 2009.

Sunil Shah is the firm's international tax leader and is respected for his efficient inbound and outbound transactions.

The firm provides tax services from 10 offices located in Ahmedabad, Bengaluru, Chennai, Coimbatore, Gurgaon, Hyderabad, Kolkata, Mumbai, Pune, and Vadodara.

Deloitte's tax operations in Indonesia run under the formal name of Deloitte Tax Solutions and is led by Firdaus Asikin. The practice has grown over the past year thanks to the appointment of partner Melisa Himawan from PricewaterhouseCoopers.Roy David ... [more]

Deloitte's tax operations in Indonesia run under the formal name of Deloitte Tax Solutions and is led by Firdaus Asikin. The practice has grown over the past year thanks to the appointment of partner Melisa Himawan from PricewaterhouseCoopers.

Roy David Kiantiong's transfer pricing department has become a new focus for the firm following the increased scrutiny from the tax authorities of taxpayers' transactions. One other partner of note is Ahdianto, who heads Deloitte's indirect tax department and regularly advises clients on VAT litigation and customs duty consultations.

Deloitte Tohmatsu Tax Co's tax practice in Japan operates with 440 professionals and 37 partners across the firm's 13 offices. The firm has maintained a strong reputation in the marketplace as a leader in the development of client tax solutions, whether ... [more]

Deloitte Tohmatsu Tax Co's tax practice in Japan operates with 440 professionals and 37 partners across the firm's 13 offices. The firm has maintained a strong reputation in the marketplace as a leader in the development of client tax solutions, whether via corporate tax services, international tax strategies or reorganisation consulting.

The firm has continued to grow over the past year and have brought in four new professionals. Shingo Iizuka joins the global employer services practice after leaving a senior position at the Tokyo bureau of the National Tax Agency. Noburu Uchida joined from PricewaterhouseCoopers and is a specialist in M&A. Patrick Miller and Clare Stobbs were also hired.

Deloitte has 330 tax professionals across a broad-range of areas, making the practice one of the largest in Malaysia. Ronnie Lim leads the tax practice and has made the firm one of the few where tax revenues are more than it earns from audit. Theresa ... [more]

Deloitte has 330 tax professionals across a broad-range of areas, making the practice one of the largest in Malaysia. Ronnie Lim leads the tax practice and has made the firm one of the few where tax revenues are more than it earns from audit. Theresa Goh, the leader of the transfer pricing team, has found herself busier than ever following the introduction of transfer pricing and advance pricing agreements rules. The firm has 18 full-time dedicated transfer pricing specialists and six part-time staff in the firm's two transfer pricing offices in Penang and Johor Bahru.

One of the firm's leaders, Lim Heng How, is the deputy president of the Chartered Tax Institute of Malaysia while another, K Sandra Segaran, is a member of its technical committee.

Deloitte has dedicated government liaison staff plus over 10 former Inland Revenue and Royal Customs officers at its disposal, including Lim Heng How, previously number three in the hierarchy of the Inland Revenue Board.

This year, Tan Hooi Beng and Daniel Lim were promoted to partner.

Deloitte's tax practice consists of 22 partners and over 170 other tax professionals. The team is led by Thomas Pippos. The international tax practice is led by Teresa Farac. The firm has appointed six associate directors in the last 12 months including ... [more]

Deloitte's tax practice consists of 22 partners and over 170 other tax professionals. The team is led by Thomas Pippos. The international tax practice is led by Teresa Farac. The firm has appointed six associate directors in the last 12 months including Erica Vogel from the Inland Revenue Service. The firm advises on indirect tax, international tax, national tax, M&A, tax policy, R&D and transfer pricing.

The firm had three teams acting for three separate bidders seeking to acquire Frucor in a deal worth $820 million. The teams included the head of the transaction practice Stephen Condor, Darren White, Pippos, Donald Wong, Andrew Button and Steve Thompson. The firm also had three separate teams advising two separate bidders, including the successful bidder, in the $328 million acquisition of a 58% stake in PowerCo. Pippos and Wong advised the successful bidder in the acquisition of BP's Southwest Pacific downstream assets. The firm is acting for a bidder to acquire AIG's material New Zealand assets.

Deloitte is the global tax adviser for New Zealand's largest investment group, Rank Group. The firm advised the company on the acquisition of Alcoa's global packaging and consumer group business. It also advised the company on the public takeover of SIG Holding and the acquisition of Blue Ridge Products. Rank Group's foreign acquisitions cost $3.5 billion in the last 12 months.

The firm is also the global tax adviser for Fletcher Building and advised them on the acquisition of Formica for $1 billion. The firm acts as lead tax adviser for Contact Energy and advised on its domestic bond offer.

The indirect tax practice is lead by Allan Bullôt who specialises in GST. The firm has one of the largest transfer pricing practices in New Zealand. The practice is led by Diana Maitland and is 14 people strong. They advise a number of high profile clients.

The firm's R&D team has 15 advisers in it and includes partners Aaron Thom, Peter Felstead and Andrew Babbage. This team also advises a number of high profile clients.

Deloitte's Singapore office boasts 180 tax professionals and partners. The firm is led by Ajit Prabhu, who was widely praised by the tax market. Prabhu serves many of Deloitte Singapore's largest clients and has worked as project leader on a wide variety ... [more]

Deloitte's Singapore office boasts 180 tax professionals and partners. The firm is led by Ajit Prabhu, who was widely praised by the tax market. Prabhu serves many of Deloitte Singapore's largest clients and has worked as project leader on a wide variety of multinational corporate tax planning projects, including international M&A, and structuring of inbound and outbound investments.

The tax team was bolstered by the appointment of Richard Standing, who joins from HSBC where he was head of the bank's South East Asia financial services practice. Bob Fletcher migrated from Deloitte China to become head of the firm's customs practice.

Prabhu, Lee Tiong Heng and See Jee Chang all worked together on a number of the country's largest M&A transactions.

Deloitte Anjin's tax practice is led by Sung-Sik Ahn and is respected for its structuring work. The team has expanded through the appointment of partner, and cross-border structuring specialist, Sang Hoon Baek, who joined from Kim & Chang. Baek handled ... [more]

Deloitte Anjin's tax practice is led by Sung-Sik Ahn and is respected for its structuring work. The team has expanded through the appointment of partner, and cross-border structuring specialist, Sang Hoon Baek, who joined from Kim & Chang. Baek handled the tax due diligence work and tax structuring in the design of a tax-efficient acquisition structure for a leading multinational asset manager. A further seven directors joined the practice. All of them will be focussing on international taxation and transfer pricing. Tax controversy is a big area of focus for the firm and its reputation is boosted by 25 ex-government officers who handle tax audit and appeal work

Over the year, Nam-Hyuk Park, Jong-Kuk Kim and Ki-Chan Ko worked with a large team in a number of appeals against assessments made by the NTS.

Despite the downturn, Deloitte has sustained an active role in the Taiwanese tax community, with a primary focus in transfer pricing. Eunice Kuo and Mike Chang are both recognised as leading transfer pricing specialists. Yunis Qua has also been highlighted ... [more]

Despite the downturn, Deloitte has sustained an active role in the Taiwanese tax community, with a primary focus in transfer pricing. Eunice Kuo and Mike Chang are both recognised as leading transfer pricing specialists. Yunis Qua has also been highlighted for transfer pricing.

The firm, which is led by Al Chang, has assisted clients in M&A structuring and due diligence as well as disputes and controversy.

Al Chang, Albert Chou and Kathy Lin all worked on two transactions that revolved around global restructuring. The first project involved helping a client, a large Taiwanese software company, increase its after-tax cash flows by asserting certain positions in connection with the characterisation of payments for software licences. The trio also assisted the client in applying for a tax exemption on the buy-in amount and the purchase price paid for any acquired IP. In the second project, the team suggested an alternative structure to mitigate possible withholding taxes on cash distributions for the client, a Taiwan semiconductor company.