Transfer Pricing specialist Sid Paruthi has resigned from EY San Jose to join Apple Inc as Head of Transfer Pricing, based from Cupertino.
Mr Paruthi started his career in India with EY in 1996 focusing on international tax issues. He moved to The Netherlands in 2000 to specialise in Transfer Pricing with PwC. In 2006 he returned to EY, joining the San Jose office.
Whilst in the US Mr Paruthi focused on technology clients and was quality head for the west coast transfer pricing practice.
WTP Advisors is strengthening its TP practice with the hire of Ph.D. economist and financial professional. Nancy Voth. She has joined the firm’s Midwest office to further develop and provide services for a growing portfolio of clients.
“Nancy comes with a wealth of experience in transfer pricing, valuation, and economics, having most recently spent six years with Deloitte’s Tax and Financial Advisory Services groups,” says Ian Boccaccio, co-founder and Partner at WTP Advisors; “Joining with WTP Advisors, will enable her to focus on providing high quality client service and thorough resolution of clients’ tax and financial issues.”
Nancy joins WTP Advisors as a Director in Minneapolis to support the WTP Advisors team in providing tax and business services to global companies. She was previously with Deloitte.
WTP’s multidisciplinary approach to transfer pricing, involving a team of lawyers, accountants, economists and analysts capable of addressing legal, international tax, economic and quantitative issues in transfer pricing via an integrated and forward-facing approach encourages planning as opposed to the more conventional and backward-looking compliance approach.
“I am fortunate to be joining a firm like WTP that prides itself on top quality client service, so as to be able to effectively and efficiently team with clients in responding to changes in transfer pricing requirements, and to help clients proactively understand and manage their transfer pricing risks,” says Voth.
“Increasing demand from our clients and referral partners led us to look for an addition to our team who will fit in with our ethos of creative thinking and exceptional service. Nancy’s experience makes her a key addition to the WTP Advisors family. We are fortunate to find someone of Nancy’s caliber to fulfill this role,” says Guy Sanschagrin, Managing Director of WTP Advisors’ transfer pricing practice.
About Nancy Voth
As a Director, Nancy will support clients undertaking and managing financial and functional analyses to determine transfer pricing implications of supply chain decisions, deals and acquisitions; provide analyses of clients’ intellectual property valuations to support analysis of business restructurings; assist clients with U.S. and non-U.S. audit support, including IDR responses, financial analysis and research; provide oversight of 6662 transfer pricing documentation preparation and implementation of global pricing policies; and collaborate and communicate with clients regarding transfer pricing policies, compliance and risks. Among Nancy’s primary industries of focus are retailers, consumer goods producers, automotive and industrial product manufacturers, and pharmaceuticals companies.
Baker & McKenzie has reinforced its Asia Pacific Tax practice group with the key hire of a leading transfer pricing practitioner Michael Nixon. Michael joins Singapore member firm Baker & McKenzie.Wong & Leow from Ernst & Young as Transfer Pricing Consultant focused on work across the region.
Michael is an economist and a qualified tax professional with a Master’s degree in Economics from the University of London. He brings with him a wealth of experience in regional transfer pricing and tax effective supply chain management (TESCM) and has worked on projects in Singapore, the UK, Germany and the Netherlands. He recently led a global FMCG company through a major TESCM project that included working on several advance pricing agreements (APAs), developing new solutions in TESCM, valuations and transfer pricing economics and leading several compliance projects.
“It is our pleasure to welcome Michael to our Tax practice. His 13 years of experience in transfer pricing and business restructuring projects in both Asia and Europe make him a great addition to our team. The expansion of our team allows us to offer a full service to clients in the areas of transfer pricing and valuation projects,” said Eugene Lim, Principal and Head of Tax and Wealth Management at Baker & McKenzie.Wong & Leow in Singapore.
“We’re thrilled to have Michael join us,” said John Walker, Head of Baker & McKenzie’s Asia Pacific Tax Practice. “With the addition of his extensive knowledge in transfer pricing to our current offering, this is a great opportunity to enhance our tax platform and service to our clients in expanding the Asia Pacific market.”
Michael commented, “In light of the growing internationalization of multinational corporation operations and the fiscal constraints of today’s governments, regional tax authorities are becoming both more sophisticated and strategic in their engagement with taxpayers. Transfer pricing is becoming an increasingly important factor for clients when planning their regional tax strategies and I’m very excited to be able to contribute this experience to Baker & McKenzie, a Firm that has been seriously forging its brand name in the tax scene for several decades.”
Renewables company Vestas has promoted David Mateu.
David has been with the Group Tax function since 2010 as Head of Tax for the Mediterranean and LATAM regions. He will now lead transfer pricing globally and continues to be based from Madrid.
David trained with KPMG and moved to PwC where he reached Senior Tax Manager grade. Since then he has held a series of high profile commercial tax roles, Tax Controller Europe at Bacardi Martini, Tax Director Iberia at GE Capital and Tax Director Europe at Checkpoint Systems.
In his new role he will be responsible for:
1. Setting up the Group’s Transfer Pricing agenda and strategy
2. Identifying & analyzing Global transfer pricing issues and opportunities within the Group
3. Developing recommendations to enhance the Group’s transfer pricing position
4. Implementing transfer pricing planning initiatives in a cross-functional setting
5. Advising business leaders on transfer pricing implications of business initiatives and planning opportunities
6. Ensuring compliance with global transfer pricing rules including maintaining contemporaneous global transfer pricing documentation, cost share arrangements and intercompany agreements.
7. Managing and leading transfer pricing controversies (MAPs, APAs, etcetera) and
developing audit defense strategies
8. Determining tax provision implications/ tax risk management of transfer pricing matters
9. Managing external tax counsel and global advisors
10. Monitoring changes in transfer pricing law and ensuring global compliance with TP regulations
Roman Dawid joins PwC Frankfurt this month as a partner in the Firm’s transfer pricing practice. He joins from Deloitte where he was also a partner and where he had worked since 2001.
He will report into Prof Dr Dieter Endres, member of the Executive Board of PwC in Germany and head of the Tax & Legal service line.
Quantera Global has announced the signing of a key strategic alliance with DFDL, widely recognised as the leading international legal and tax firm in developing Asian economies. The alliance will focus on the Mekong region (Cambodia, Lao PDR, Thailand, Myanmar and Vietnam).
We are very excited to be working with DFDL and supporting its clients in dealing with transfer pricing challenges in the region. This alliance creates a unique combination of the strongest legal and tax practice in these countries with the world’s leading independent transfer pricing practice of Quantera Global.
Jack Sheehan, Regional Tax Partner of DFDL commented on the alliance: “the alliance between DFDL and Quantera Global shows our continued commitment to delivering the highest quality tax and transfer pricing services to our clients in Vietnam and the region. We are now uniquely positioned to provide a full range of solutions at what we believe to be the most cost effective rates in Vietnam.”
With this alliance we will be in an unparalleled position to provide transfer pricing support to multinationals doing business across the region. Our initial focus will be Vietnam and Thailand, where we have already commenced providing fully integrated transfer pricing and tax planning and compliance services, including design, documentation, defence and APAs in direct competition with the Big 4.
Ian Clarke, as transfer pricing specialist, has been promoted from Director to Partner by Deloitte in Southeast Asia.
Ian is a member of Deloitte Malaysia’s Transfer Pricing team in Kuala Lumpur and also leads Deloitte Southeast Asia’s Financial Services Industry Transfer Pricing offering.
He has experience of policy design, implementation review, documentation and controversy management for clients in a variety of industry sectors. He has a particular expertise on TP planning and issue management in relation to financing transactions and the financial services sector.
Previously, Ian spent over 2 years on secondment to Deloitte India, developing and leading Deloitte financial services TP offering. In India, Ian has had experience of managing disputes at the Transfer Pricing Officer, Dispute Resolution Panel and Income Tax Appellate Tribunal level.
Ian was also Chairman of the Mumbai chapter of the Ireland India Business Association (iiba.ie).
Previous to this, Ian was a Director in Deloitte UK, based in London. He spent 10 years in Deloitte UK. He developed and jointly led Deloitte UK’s Financial Transactions TP practice, and was a key member of Deloitte UK’s Financial Services TP team.
Quantera Global has announced the signing of a key strategic alliance with Harsono Strategic Consulting (“HSC”), widely recognised as one of the leading business and tax advisory firms in Indonesia.
The strategic alliance between the two firms will provide international best practice transfer pricing solutions to multinationals of all sizes in the Indonesian market. These services will be in the areas of design and documentation of transfer pricing systems, benchmarking services and proactive tax and transfer pricing audit defence strategies in compliance with international best practices (OECD guidelines) and meeting the expectations of the Indonesian tax authorities.
Quantera Global, which has seven offices throughout Asia as well as presence in Europe and the US, is delighted to continue a long-standing professional relationship with the clients, partners and staff of HSC.
“We have been working together closely for the past four years and we look forward to many more years of successful collaboration, assisting our multinational clients to navigate the rapidly evolving and often stormy waters of transfer pricing in Indonesia,” said Douglas Fone, Senior Partner of Quantera Global.
Sony Harsono, Chief Executive Officer of HSC, is also pleased with this strategic alliance and said that “recently transfer pricing has become a very important matter for multinational companies based in Indonesia and this alliance will combine the strengths and areas of expertise of both firms, in order to enhance our transfer pricing practices and to provide high quality services and workable solutions for our clients.”
Dwi Ary Retnani, Senior Director of HSC and leader of the firm’s transfer pricing practice, added that “with this alliance, we can continue to provide the best transfer pricing practices to our clients. Where we provide in-depth local knowledge and expertise with extensive experience on the local practice, Quantera Global provides expertise and experience in economic analysis and management of complex global transfer pricing issues.”