V2 Specialization Types: Tax

Multinational organizations are operating in an environment of unprecedented complexity. The volume and variety of intercompany transactions and transfer pricing regulations, accompanied by increased enforcement activities worldwide, have made transfer pricing a leading risk management issue for global businesses. Deloitte’s transfer pricing team works with clients to advise on how to comply with transfer pricing rules around the world while at the same time analyzing their global tax rates and the internal and external costs associated with defending against tax authority challenges. We also help clients establish integrated global approaches for navigating the tax issues related to funding the development of valuable intangible properties, providing efficient intragroup financing and centralized treasury management, and moving goods and services across borders.

Technology advances including AI, GenAI and the latest class of analytics have transformed how we share ideas and consume information—and how we approach taxes. At Deloitte, our tax technology team is at the forefront of this transformation, using our extensive and growing portfolio of enterprise-class proprietary applications to advise clients on process, data analytics, technology and automation. We draw on deep knowledge in accounting and technology to develop and implement analytics platforms and tax applications. Our clients can harness cutting-edge tax technologies to modernize and better align their tax functions with their business strategies and operations.

How will tax credits or incentives in a particular jurisdiction impact a national company’s bottom line? What are the potential tax impacts of doing business in a different state? These are the types of questions that Deloitte’s multistate tax team can advise our clients on. Our services focus on state income and franchise tax, indirect tax, business restructuring, credits and incentives, sales and use tax, excise tax, property tax, state strategic tax review and state tax controversy. The professionals in our state and local tax (or SALT) practice include former state tax auditors, industry personnel, tax practitioners, accounting specialists and technology specialists—working collaboratively to help our clients make informed, impactful decisions.

M&A activities can produce opportunities for tax savings as well as tax risk. That’s why buyers and sellers alike need guidance on potential tax implications. Deloitte is recognized as a market leader in providing focused tax services tailored to the specific needs of buyers and sellers. Our M&A tax professionals work together to provide corporate and private equity buyers with a full continuum of tax services to help clients navigate mergers, acquisitions, carve-outs, investment and financing structures, disposition alternatives, and post-transaction activities. Working with a client before, during and after its transaction, we can help clients analyze various corporate functions to evaluate the tax profile and can advise on tax planning considerations that align with clients’ business objectives. 

Proposed legislation, new regulations and increased levels of scrutiny around tax compliance and financial reporting have created challenges for investment management firms. At Deloitte, we work with hedge funds, mutual funds, private equity firms and private wealth firms to help them navigate the evolving demands of tax planning and compliance. For example, our work with mutual fund clients can include performing tax research to advise them on their structure and tax positions as well as assisting with regulated investment company tax work papers and compliance tests, financial statement provisions and related tax disclosures on federal and relevant state returns, and excise calculations. And for our hedge fund clients we can assist with tax planning considerations, as well as advise on their partnership work papers, allocations and tax returns.

As multinationals expand into new markets, the complexity of mitigating tax risks and complying with reporting requirements is mounting. Ever-changing tax laws, global expansion and contraction, and resource constraints all create unique challenges. That’s why our international tax team is focused on monitoring the tax developments that affect cross-border business. We offer services that help multinational companies align their tax planning with their businesses, including a range of inbound and outbound services to provide accurate, cost-effective compliance and reporting; to navigate tax controversies; and to advise regarding the accuracy of income tax accounts and disclosures.

As the workplace continues to change and organizations find themselves in uncharted territory, Deloitte’s global employer services professionals work together to help our clients take a fresh look at their global mobility, talent and rewards programs. We bring deep bench strength and multidisciplinary skill sets to help our clients navigate business and compliance challenges in this evolving world. Our range of services include advising on international human resources and program administration; global and domestic compensation and benefits services; and international assignment program services such as tax compliance and planning, global rewards and transformation services. And our professionals can leverage leading-edge technology to provide services.

At Deloitte, we don’t look at tax in isolation. Instead, we consider our clients’ goals and business strategies—and how tax decisions can impact those. Our corporate tax professionals build strong service relationships with clients, providing tax planning and compliance services across diverse industries and sectors. We advise on issues such as accounting for income taxes and transactions, federal tax accounting (periods, methods and credits), tax compliance, business restructuring and tax controversy. And when our clients’ needs are specialized, we can leverage Deloitte’s peer network of tax specialists. In some instances, this could include advising private companies and family offices to help them make informed tax decisions about their business and investment needs, estates and charitable giving.

Many legal departments within companies of all sizes and across all industries are challenged with increasing complexities. Deloitte’s legal business services professionals help our clients modernize their legal departments so they can focus on strategic priorities, enhance speed and quality of issue identification, and use data-driven insights for faster and more informed decisions. We do that by bringing an entrepreneurial and consultative mindset to a full spectrum of legal department operations and digital transformation needs. Our work includes analyzing and redesigning strategic operating models, identifying cost enhancements and efficiency opportunities, advising on technology solutions and implementation, and developing metrics and key performance indicators for contracting processes. We’re enhancing the legal market and helping clients envision and create new ways to deliver legal services.

* The Deloitte US firms do not practice law or provide legal advice.

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