Ernst & Young launches its EMEIA tax centre
London, November 15, 2010
Ernst & Young, a global leader in assurance, tax, transaction and advisory services, has announced the launch of its EMEIA Tax Center (ETC).
Recognising the importance of the EMEIA region to the world markets, the EMEIA Tax Center is a part of Ernst & Young’s global investment initiative, where more than $1.2 billion has been ultimately invested, much of which has been earmarked to develop Ernst & Young’s presence and service offerings in emerging markets.
In addition to the EMEIA tax centre, the Asia Pacific tax centre was recently launched in Singapore. The well-established Washington, DC-based National Tax Department and Global Tax Desks network have both been operational for more than three decades.
“The EMEIA Tax Center enables us to deliver local country technical knowledge with Area-wide business and industry knowledge to our clients on a real-time basis. We have organized the EMEIA Tax Center around those focus areas where our clients tell us they most need centralized and coordinated service,” said Mark Weinberger, Ernst & Young’s global vice chair — Tax.
The centre is organised around ten focus areas: assignment services, global compliance and reporting, global strategic international trade team, global tax desks, immigration services, international social security, tax effective supply chain management, tax performance advisory, tax policy & controversy, and VAT.
The ETC is under the responsibility of Nick Prentice, EMEIA Tax chief operating officer based in London.-TradeArabia News Service