Top Tier Tax Services Ranking For DeloitteDOWNLOAD
December 22, 2009 - The Gulf Cooperation Council is one of six regions to win a new tier one ranking for Deloitte Middle East in tax services, according to the International Tax Review’s World Tax 2010 briefings. The International Tax Review (ITR) is one of the world’s most authoritative publications dedicated to international tax news and issues for corporate tax directors, finance directors, and other senior executives. Top tier rankings are provided to firms that have “the greatest depth of resources, experience, and range of specialisms” and that “are considered the best teams overall for tax advice” in the relevant jurisdiction.
“Market recognition such as this stands as further evidence of our ability to deliver the innovative ideas and value-added tax solutions that businesses need to meet the demanding challenges of today’s regulatory environment,” said Nauman Ahmed, partner in charge for tax at Deloitte in the Middle East.
In February this year, as part of Deloitte's commitment to being at the fore of supporting its clients with tax services in the region, the Firm launched an International Tax Center of Excellence in Dubai. The Center offers clients headquartered in the Middle East as well as investors in the region a full suite of services that includes structuring groups with inbound and outbound investments within the Middle East, transfer pricing services, VAT services and transactional tax services.
Omar Fahoum, chairman and chief executive of Deloitte in the Middle East commented: "Deloitte will continue to make strategic investments in new services to help our clients navigate the shifting economic landscape that has emerged in the past year or two. Tax management is a crucial area for our clients in the Middle East and globally, and it also relates to Islamic Finance and to the financial services sector restructuring, two other focus areas for us in the region”.
This year, the ITR survey covered 51 locations around the world. Deloitte member firms were ranked Tier 1 or 2 (the highest levels) in more than 85% of the locations reviewed. Along with the tiered firm rankings, World Tax lists “leading individuals.” Here, too, Deloitte garnered accolades, with 159 Deloitte tax specialists recognized across the world for their technical skills.