MINNEAPOLIS, Sept. 17, 2014 /PRNewswire/ -- Quantera Global and WTP Advisors have formed a global transfer pricing service delivery platform bringing together leading transfer pricing specialists across the globe. WTP's transfer pricing and valuation practice will coordinate with Quantera Global's transfer pricing specialists located in key locations across Asia and Europe.
"This platform creates the strongest integrated boutique multinational transfer pricing service delivery team in the world," says Steven Carey, a managing director of Quantera Global in Hong Kong. "We are very excited to have established this relationship with WTP. We believe we have a genuinely unique multi-country transfer pricing service capability that will be of great interest to US multinationals as they seek to manage their global transfer pricing risks in an increasingly complex environment. The two firms are a natural fit with a shared philosophy of providing proactive and high quality transfer pricing services that add real value to clients."
In the international tax arena, transfer pricing represents a key planning opportunity as multinational companies strive to maximize shareholder value by strategically placing intangibles and high-value functions in favorable tax jurisdictions as they grow. At the same time, the OECD has launched its Base Erosion and Profit Shifting ("BEPS") initiative to address concerns about fairness and level the playing field between multinationals and tax authorities. As a result, multinationals increasingly face exposure to double taxation and non-deductible penalties as tax authorities seek to tax their share of profit. Thus, it is imperative that multinationals beef up their capability in addressing these transfer pricing opportunities and risks.
"Companies yearn for transfer pricing service providers that are responsive to their needs," notes Guy Sanschagrin, WTP's transfer pricing and valuation practice co-leader. "This alliance, founded on client- centric service through highly-experienced professionals, complements WTP's transfer pricing services delivery team."
The Quantera Global / WTP global service delivery platform provides seasoned senior level transfer pricing and valuation specialists located in Asia, Europe and the Americas. Services range from collaborating with existing in-house teams, assisting companies developing internal capabilities, and providing outsourced transfer pricing consulting, planning, controversy management and documentation services.
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About WTP Advisors
WTP Advisors is a leader in tax and business advisory services for a global marketplace. Our highly skilled professionals equipped with years of industry experience, coupled with our cutting-edge technologies, make substantive and long-term differences to an organization's profitability.
About Quantera Global
Quantera Global is one of the world's leading independent transfer pricing advisory firms, providing specialist transfer pricing services to multinationals of all sizes across the globe. Our mission is to be our clients' trusted transfer pricing advisor, working in close cooperation and building a long term relationship that will bring value to your business. Quantera Global has strategically located offices in Amsterdam, Brisbane, Cologne, Eindhoven, Genoa, Ho Chi Minh City, Hong Kong, Jakarta, Kuala Lumpur, Shanghai, Singapore, Sydney and Zurich.
SOURCE WTP Advisors; Quantera Global