Mumbai, Apr 18 (UNI) Ernest and Young, a leading global professional services firm, here today announced the launch of its Outbound Tax Advisory Services group in India.
The Group plans to assist Indian companies making the cross-broder acqusitions with tax efficent structuring for their international transactions. Several senior tax professionals from the global firm offices in the US and Euorpe are moving to India as part of the new team. A series of road shows are currently being hosted by the company in four metros of the country.
The foriegn tax desk programme of the company comprises a pool of tax professionals of multiple tax jurisdictions and enables the provisions of high quality service to multinational clients.
With regard to Indian companies going overseas, some of the complex issues which needs to be addressed during an outbound acquisition are the structuring of the transaction and strategies.
Ernest and Young Regional Head (International Tax Services) Jonathon Fox said ''Indian companies are going global in a big way.
We expect significant cross-border activity by Indian companies. When competing in the international market, tax incidence and planning can play a critical role in evaluating acqusitions related costs and valuations.'' Echoing the same sentiment, the company's tax adviser Declan Gavin, who has recetly moved to India, said ''With our strong global network of professionals, the company is best positioned to offer services to an appropriate target country and Indian companies tax planning both in pre- and post-acquisition.'' With regard to Indian companies going global, some of the complex issues which need to be addressed during an outbound acqusition are the structuring of the transaction and strategies.