uk-us tax desk PEOPLE WHO KNOW, KNOW BDO sharing language, culture and approach

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1 uk-us tax desk PEOPLE WHO KNOW, KNOW BDO sharing language, culture and approach september 2015

2 the benefits of working with bdo global reach trusted advisory practical advice full scope services us and uk based teams BDO s broad global footprint and more than 46,000 professionals support your expansion needs, not only in the US and the UK, but anywhere your business takes you. BDO s UK-US Tax Desk team delivers hands-on project management, and utilises state of the art technology. BDO will not only listen to, but hear your objectives and work with you to achieve tax and operational efficiency, while utilising US-UK and local country experience to help you manage and mitigate risk. BDO s UK-US Tax Desk has been established to combine the cross-border business culture, language and practical international experience from both countries to better serve your needs. We are available to meet your needs in US and UK time zones with professional services teams that understand the unique demands of US and UK based multinational companies.

3 people who know, know bdo september A SHARED PERSPECTIVE shared culture and language Whether you are looking at expanding your business into the US or UK, members of BDO s UK-US Tax Desk can help you achieve your objectives. With more than 1,300 offices in over 150 countries, BDO can assist in coordinating local teams who have practical insight not only in the US and UK, but also in any other countries in which you operate. As your needs evolve, you will have access to knowledge sharing and collaboration, as well as experience our multi-award winning exceptional client service, on a global scale. Our team members use standard global methodologies and technology, and offer a variety of cross-border tax consulting and compliance services. typical areas of assistance include: Choice of entity Holding structure Tax efficient financing Practical supply chain planning Advice on structure implementation Maximising tax claims, such as R&D allowances and Patent Box Minimising withholding taxes BEPS (how it impacts your company) Indirect taxation including customs and excise duties Expatriate tax services and personal income tax planning Estate tax planning Export tax planning Real estate tax, payroll and stamp duty UK and US corporate income tax and indirect tax compliance and reporting including tax return preparation and IFRS and ASC 740 tax provision assistance. a shared approach We understand the complexities and unknowns of entering foreign jurisdictions. Challenges such as local tax regulations, reporting deadlines, and cultural differences can be overwhelming. Our team can help you navigate and simplify these challenges through a well-organised, timely service approach delivered by knowledgeable professionals. You ll experience what makes BDO unique through: our people The UK-US Tax Desk is managed by a team of dedicated tax professionals located in both the US and the UK. The US members of the UK-US Tax Desk include a range of tax professionals who have been educated, trained or practised tax in the UK. Our newest member of the team, UK-US Tax Desk Managing Director, Ingrid Gardner, brings a wealth of additional experience. Ingrid has worked with both UK and US groups on cross-border structuring and planning for over 20 years. She is a qualified UK corporate international tax specialist, also holds a US Masters in Taxation and has worked in the US for over 7 years. As a result, Ingrid has a unique appreciation and practical experience of both UK and US tax issues that companies face when investing between the two territories. Based in New York, she provides real time, in-country support to US clients on UK tax matters. Our team in the UK has extensive and practical experience working within the UK tax arena and has a deep understanding of the US tax environment. Collectively, their shared knowledge and experience offers insight into your local compliance and planning needs. They are available to provide practical answers to routine and non-routine queries. our continuous and proactive communication We know you appreciate timely consultation, service team integration, partner involvement, accessible professionals, and open and clear communication. At the core of our service philosophy is a commitment to proactively communicate throughout our relationship with a no surprises approach. exceptional client service At BDO nothing matters more to us than our clients. Through understanding our clients needs, we go the extra mile by delivering and providing unbeatable value for money as well as ensuring you experience our award winning service that is not only exceptional, but our brand promise.

4 02 september 2015 people who know, know bdo A DEDICATED TEAM ingrid gardner UK-US Tax Desk Managing Director, New York t: e: igardner@bdo.com robert c. pedersen International Tax Services Practice Leader t: e: rpedersen@bdo.com scott hendon Southwest Tax Regional Managing Partner t: e: shendon@bdo.com Ingrid has more than 20 years international tax experience working with both UK and US multinational groups on crossborder structuring and planning including: financing and IP planning; foreign tax credit management/repatriation planning; CFC planning; treaty planning; and value chain transformation. Ingrid is unique in that whilst she is predominantly a UK tax specialist with an international focus (she is a Chartered Accountant and a Chartered Tax Advisor), she has been working in the US for over seven years and holds a US Masters in Tax from Fordham University, New York, and is an Enrolled Agent. She therefore has a deep understanding of both the UK and US tax issues arising from UK-US cross-border planning and investment. Bob has over 25 years of public accounting experience which includes 20 years of experience in the taxation area. Bob has been a member of the International Tax Consulting Group of the New York office for over 18 years. Bob s primary role is advising clients regarding multinational reorganisations and formation of foreign enterprises. His focus is advice relating to creating tax efficient structures for both inbound and outbound financing. In addition, Bob has significant experience successfully representing taxpayers during international tax examinations. Scott has more than 29 years of experience providing tax consulting services to a wide range of private equity, energy, high tech, manufacturing, distribution, and retail clients. Scott is also our US representative on the BDO International Tax Advisory Committee (our International Tax Board) and on the BDO USA LLP Board of Directors. Scott is actively involved in assisting US and foreign companies and private equity funds with their outbound and inbound investment and operations by developing tax efficient business and investment structures to reduce their worldwide effective tax rate.

5 people who know, know bdo september michelle murphy International Tax Senior Manager t: e: mmurphy@bdo.com ben vesely International Tax Senior Manager t: e: bvesely@bdo.com robert aziz Tax Partner t: +44(0) e: robert.aziz@bdo.co.uk Michelle has worked with BDO for over 14 years with a concentration in international tax matters, both for foreign enterprises and individuals investing and doing business in the US. Michelle has experience with inbound/ outbound transactions, reorganisations, financing, M&A work and the impact of tax treaties on US and foreign individuals and companies. She also assists with US companies and investors overseas activities, advising on the US tax consequences related to such activities and how to coordinate structures to create worldwide tax efficiency. In addition, Michelle has knowledge of the filing requirements associated with international operations, with a focus on foreign bank account reporting rules (FBAR), withholding tax issues, FATCA and works closely with clients to ensure proper compliance is met. Ben has worked with BDO for over 6 years focusing on international tax planning, consulting and compliance within BDO s International Tax Group. Ben has advised extensively on international tax matters, including tax due diligence reviews as well as structuring inbound and outbound investments. He has experience in many different areas of international taxation, working with both corporations and partnerships on their cross-border tax issues. Ben has also been involved in numerous large international tax compliance engagements and assisted many large clients on their international restructuring projects focusing on creating and maintaining tax efficient structures for multinational companies. Robert is a partner in our London Tax Group. He has spent over 25 years advising both UK and non-uk multinational companies (both quoted and private companies) on all aspects of their corporate tax affairs. Robert s main area of expertise is international tax, with specific emphasis on cross-border financing, intellectual property planning and M&A structuring and support. Robert leads the BDO International Corporate Tax practice in the UK, and liaises closely with the corporate international tax partners and staff across the BDO global network. Robert is a member of BDO s Global Tax Committee and is also the UK/US tax liaison partner for BDO UK.

6 04 september 2015 people who know, know bdo A DEDICATED TEAM malcolm joy Tax Partner cory blackmore Tax Director howard veares Tax Director t: + 44(0) e: malcolm.joy@bdo.co.uk t: +44(0) e: cory.blackmore@bdo.co.uk t: +44(0) e: howard.veares@bdo.co.uk Malcolm is a Tax Partner at BDO in the UK. He leads the Value Chain and Transfer Pricing team and specialises in advising UK and overseas owned businesses on international tax planning. Malcolm works closely with international tax teams around the world to deliver efficient structures to our clients. He is one of BDO s UK/ US liaison partners and is a key member of the BDO international tax centre of excellence. Malcolm has more than 20 years experience in advising businesses on tax compliance and advisory matters. His clients range from fast growing privately owned businesses to major US multinationals. Malcolm is particularly experienced in cross-border taxation between the UK and the US, transfer pricing, intellectual property ownership and acquisition planning. Cory is a Tax Director in our Corporate International Tax group, based in London. Cory has over 15 years experience advising on tax issues affecting public and private companies and is responsible for managing and coordinating our UK and international tax advisory services for a number of multinational clients, including advising on tax efficient cross-border acquisition and finance structures and managing international tax due diligence exercises. Cory is also responsible for managing IFRS and US GAAP tax reporting for listed clients. Howard is a Tax Director in our Corporate International Tax group specialising in corporate tax compliance and advice. Howard has extensive knowledge in UK corporate tax with a particular focus on the technology and manufacturing sectors and advises both UK and non-uk multinational companies (quoted and private). Howard has over 15 years of tax experience, including two years in Washington DC with PwC s national tax practice. In 2004, Howard joined BDO and provides tax compliance services and structuring advice to some of the firms larger in-bound and out-bound clients.

7 vivienne luo Tax Assistant Manager t: +44(0) e: Vivienne is a Tax Assistant Manager in our Corporate International Tax group, based in London. Vivienne recently transferred from BDO, Auckland, New Zealand to our London office. She has over 7 years of tax experience, including four and half years in Deloitte. Vivienne has experience of managing international corporation tax compliance projects in a variety of sectors and of providing tax advice to multi-national companies, including cross-border acquisition and finance structure planning.

8 For more information contact the UK-US Tax Desk BDO UK robert aziz Tax Partner, London t: +44(0) e: malcolm joy Tax Partner, London t: +44(0) e: cory blackmore Tax Director, London t: +44(0) e: howard veares Tax Director, London t: +44(0) e: vivienne luo Tax Assistant Manager, London t: +44(0) e: BDO US ingrid gardner UK-US Tax Desk Managing Director, New York t: e: scott hendon Tax Partner, Dallas t: e: robert pedersen Tax Partner, New York t: e: michelle murphy Tax Senior Manager, New York t: e: ben vesely Tax Senior Manager, Dallas t: e: This publication has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. The publication cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact BDO LLP to discuss these matters in the context of your particular circumstances. BDO LLP, its partners, employees and agents do not accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it. BDO LLP, a UK limited liability partnership registered in England and Wales under number OC305127, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. A list of members names is open to inspection at our registered office, 55 Baker Street, London W1U 7EU. BDO LLP is authorised and regulated by the Financial Conduct Authority to conduct investment business. BDO is the brand name of the BDO network and for each of the BDO Member Firms. BDO Northern Ireland, a partnership formed in and under the laws of Northern Ireland, is licensed to operate within the international BDO network of independent member firms BDO LLP. All rights reserved. bdo.co.uk HB007779