Deloitte Transfer Pricing Talks 2025

Xavier leads the Deloitte Luxembourg Transfer Pricing practice. He has been a transfer pricing advisor since 2003 in multiple jurisdictions, including Luxembourg, France, Germany and Spain. He advises multinational companies in non-FSI industries. He advises his clients on the full transfer pricing cycle that includes planning of global tax models aligned with value creation and operational needs, implementation of transfer pricing policies supported by tools and processes, documentation projects requiring the coordination of multiple jurisdictions, or controversy management, including multi-country tax audits, MAP and APA procedures. Xavier has a double MA in International Business and Economics. He is fluent in English, French, German, Spanish and Catalan.

Balazs joined Deloitte in September 2004 as senior advisor in the international tax department and was promoted to the role of Partner in the Transfer Pricing Sub Service line in 2014. Balazs is now fully focused on transfer pricing matters for a large client portfolio of the Alternative investment world with special focus on financial transactions. Balazs drives the Financial transaction practice of the TP Team taking care mainly of Alternative investment clients. He meets with the Luxembourg tax authorities on a regular basis to discuss transfer pricing elements of client cases and new pieces of the Luxembourg legislation. He is constantly involved in numerous Internal Training sessions of our TP practice. Balazs holds Bachelor’s degree in law University of Sorbonne Paris, France and graduated ESSEC Business School Paris, France ESSEC MBA Program. He is fluent in French, English, German and Hungarian languages.

Enrique Marchesi-Herce is a partner with Deloitte based in Luxembourg specializing in the financial services sector. Enrique worked for many of the key players in the asset management industry (ranging from traditional to private equity, real estate, and hedge funds), and the banking and insurance sectors during his tenure in Madrid and Luxembourg. Since 2006 he has led a wide array of complex TP projects including intellectual property (IP) valuation, value chain alignment, global documentation and other tax planning projects. Enrique has worked on multiple advance pricing agreements and participated in complex tax audit disputes (negotiation, mediation and litigation) on both the local and competent authority levels. Enrique regularly presents at tax seminars and contributes to technical publications as well as to thought leadership on TP issues. Enrique holds Degree in Law, Universidad Autónoma de Madrid, Spain and Master degree in Tax by Instituto de Empresa (IE), Spain. He is a member of ALFI TP Working Group. He is fluent in English, Spanish and German languages.

Dinko joined Deloitte as Senior Manager in Cross-Border Tax - Transfer Pricing department in 2015 and was promoted to the role of Partner in the Transfer Pricing Sub Service line in 2021. He represents the Transfer Pricing practice in Deloitte focusing on intra-group financing, including debt pricing. He specializes in intra-group financial transactions for clients in the alternative investment industry multinationals. Since 2005 he has helped clients to solve complex cross-border tax issues and successfully implemented transfer pricing solutions for a wide range of intra-group arrangements. In 2022, Dinko authored a Global Survey in Transfer Pricing of Financial Guarantees that aims to gather insights on countries’ perspectives and practices related to financial guarantees. Dinko holds a master’s degree (LL.M.) in international law from the University of Groningen, the Netherlands, where he specialized in international tax law. He is fluent in Bulgarian, English, and Russian languages, and uses French, German and Spanish.