NEXIA TAX UPDATE Mike Adams Nexia Tax Director Nexia International Tax Conference 2014 Hong Kong.

NEXIA TAX UPDATE

Mike AdamsNexia Tax Director

Nexia International Tax Conference 2014Hong Kong

NEXIA TAX UPDATE

• Results

• New Developments

• Future Events

• Ongoing Support

NEXIA TAX UPDATE

Nexia International Tax Conference 2014 - Hong Kong

NEXIA TAX UPDATE

• Results


• Future Events

• Ongoing Support


NEXIA TAX UPDATE

NEXIA TAX UPDATE - Results for Tax

• Rankings in the International Accounting Bulletin World Survey

• 3rd GMTS Conference – Bucharest, Romania

• 1st Nexia tax training course – Leiden, The Netherlands

• Regional tax group meetings


RESULTS



RESULTS

Service line split: Tax (US$m)1 PwC 8,175.0

2 EY 6,946.0

3 Deloitte 6,100.0

4 KPMG 4,970.0

5 BDO 1,295.0

6 RSM 1,095.8

7 Grant Thornton International

925.0

8 Baker Tilly International 844.7

9 Nexia International 788.2

10 Crowe Horwarth 743.5



RESULTS

Total Revenue (US$m)1 Deloitte 32,400.0

2 PwC 32,088.0

3 EY 25,892.0

4 KPMG 23,420.0

5 BDO 6,453.0


4,519.0

7 RSM 3,714.1

8 Baker Tilly International 3,404.2

9 Crowe Horwath 3,168.2

10 Nexia International 2,918.0

11 Moore Stevens International 2,682.1



RESULTS

Service line split: Audit and Accounting (US$m)1 PwC 14,760.0

2 Deloitte 13,100.0

3 EY 10,936.0

4 KPMG 10,210.0

5 BDO 3,829.2


1,958.0

7 RSM 1,861.2

8 Baker Tilly International 1,700.9

9 Crowe Horwath 1,574.5

10 Moore Stevens 1,394.6

11 PKF 1,337.1

12 Nexia International 1,297.7

13 Kreston International 917.2



RESULTS

Service line split: “Other” (US$m)1 Deloitte 13,200.0

2 PwC 9,153.0

3 KPMG 8,240.0

4 EY 7,947.0


1,636.0

6 BDO 1,328.7

7 Baker Tilly International 858.6

8 Nexia International 832.0

9 Crowe Harworth 805.9

10 RSM 757.0


• Rankings in the International Accounting Bulleting World Survey

• 3rd GMTS Conference – Bucharest, Romania

• 1st Nexia tax training course – Leiden, The Netherlands

• Regional tax group meetings


RESULTS

NEXIA TAX UPDATE

• Results


• Future Events

• Ongoing Support


NEXIA TAX UPDATE

• On-line Legal and Tax databasehttp://www.nexia.com/InternationalTaxHandbookonline

• Tax survey


NEW DEVELOPMENTS

http://www.nexia.com/InternationalTaxHandbookonline



On-line Legal and Tax database

• Text


NEW DEVELOPMENTS

• On-line Legal and Tax databasehttp://www.nexia.com/InternationalTaxHandbookonline

• Tax survey


NEW DEVELOPMENTS




NEXIA TAX UPDATE

• Results


• Future Events

• Ongoing Support


NEXIA TAX UPDATE

NEXIA TAX UPDATE

• Tax Training

• GMTS conference

• International Tax Conference

Future Events


FUTURE EVENTS

• Low cost, high value training• 10 – 12 July, Leiden, The Netherlands• More advanced course than last year• Beneficial Ownership, Tax Treaties, double

taxation and double non-taxation• CPE credits can be arranged• Registration open

Tax Training


• Details yet to be finalised but probably will be held • 17 – 18 September, • In Prague

• And will be followed immediately by a meeting of the EMEA Tax Group

GMTS Conference 2014


FUTURE EVENTS

• End May / Early June 2015, Copenhagen• Feedback from this year greatly appreciated• Similar format to this year?• Topics for case studies?• Meetings of Special Interest Groups?

International Tax Conference


FUTURE EVENTS

NEXIA TAX UPDATE

• Results


• Future Events

• Ongoing Support


NEXIA TAX UPDATE

ONGOING SUPPORT

• Tax Director• (Tax) Special Interest Groups• Taxlink• Website tools:

- Tax contact search- Tax article search- The European Holding Company analysis - a

unique quality publication- Cross-border databaseNexia International Tax Conference 2014 - Hong Kong

ONGOING SUPPORT


• (Tax) Special Interest Groups

-Transfer Pricing: Rajesh Sharma-Indirect Taxes: John Voyez-Global Mobility Tax Services: Sten Günsel-Real Estate: Henning-Günther Wind-Private Wealth: Mike Beattie

• Business Advisory Group / Advisory Services Committee

ONGOING SUPPORT




ONGOING SUPPORT


Tax Contact search

ONGOING SUPPORT




ONGOING SUPPORT


Tax article search

- By country- By date- By author

ONGOING SUPPORT




ONGOING SUPPORT


- 32 countries- 17 aspects for each country

ONGOING SUPPORT




Nexia Tax Committee - 2014

EMEA• John Voyez (UK)• Robert Langston (UK)• Chris Leenders (The

Netherlands)Asia/Pacific• Lam Fong Kiew (Singapore)

North & Central America• Jonathan Bicher (Canada)• Tim Ross (US)

South America• Diego Bonomi (Uruguay)

Chair: Jim Wall


ONGOING SUPPORT

EU VAT rates 2013 (with corporate tax rates in red) brackets)Austria 20% (25%)Belgium 21% (33.9%)Bulgaria 20% (10%)Croatia 25% (20%)Cyprus 18% (12.5%)Czech Republic 21% (19%)Denmark 25% (25%)Estonia 20% (21%)Finland 24% (24.5%)France 20% (33.33%)Germany 19% (29.55%)Greece 23% (26%)Hungary 27% (19%)Ireland 23% (12.5%)

Average EU VAT rate 20.36% (22.85%)

Italy 21% (31.4%)Latvia 21% (15%)Lithuania 21% (15%)Luxembourg 15% (29.22%)Malta 18% (35%)Netherlands 21% (25%)Poland 23% (23%)Portugal 23% (25%)Romania 24% (16%)Slovak Republic 20% (23%)Slovenia 20% (17%)Spain 21% (30%)Sweden 25% (22%)UK 20% (23%)


And Finally

EU VAT

• Plan for Indirect Taxes as well as direct taxes

• Penalty regimes are getting tougher

• Most overseas companies doing business in the EU should register for VAT. Only 450 have – unfair competition for your clients? Similar compliance problems in other regions?


And Finally

IN SUMMARY, DON’T FORGET

• Tax Training Course: 10-12 July, the Netherlands

• GMTS Conference: 17–18 September, Prague

• International Tax Conference: End May/Early June 2015, Copenhagen

• VAT


NEXIA TAX UPDATE

Any Questions?


NEXIA TAX UPDATE

NEXIA TAX UPDATE

THANK YOU

Mike AdamsD: +44 (0) 20 7631 9712 M: +44 (0) 7966 534 857

[email protected]


NEXIA TAX UPDATE Mike Adams Nexia Tax Director Nexia International Tax Conference 2014 Hong Kong.

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