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Expansion of International Tax Services Capabilities

Supporting Japanese MNCs’ Foreign Expansion

Deloitte Tohmatsu Tax Co. is pleased to announce the hiring of 12 executives to strengthen its international tax capabilities.

Deloitte Tohmatsu Tax Co. is pleased to announce the hiring of 12 executives to strengthen its international tax capabilities.

Japan’s businesses continue to increase their involvement in the global economy by expanding their presence in foreign product markets, participating in the international capital markets and increasing employment of staff from the international labor market. To remain competitive, Japanese multinationals have to not only remain successful in how they carry out their core business operations, but also ensure their capital and labor models meet global standards. This need is articulated in the Final Report of the Ito Review Project “Competitiveness and Incentives for Sustainable Growth: Building Favorable Relationships between Companies and Investors” released by the Ministry of Economy, Trade and Industry in 2013 and by the introduction of “Japan’s Corporate Governance Code” by the Tokyo Stock Exchange in May 2015. In such an environment, designing and implementing efficient organizational structures, transaction flows and intellectual property models taking into consideration tax costs and tax risks is a must.

Tax CEO Matsumiya says: “We have significantly enhanced our cross-border tax service capabilities by hiring specialists to better support the global business operation of Japanese multinationals. Twelve partners and directors specializing in international tax, transfer pricing and indirect tax, including former officials of the National Tax Agency (“NTA”) who were engaged in the establishment of key international tax rules for Japan, as well as leading experts in tax controversy management and business model planning, have joined our firm over the past year. With the number of cross-border tax specialists reaching over 200, we are in a position to provide speedy, highest quality services with teams custom tailored to our clients’ specific circumstances.”

Executive Officer Dr. Hielscher says: “Many Japanese companies have been modifying their business models to thrive in the global markets. In order to implement such changes most effectively and efficiently, companies need to address issues cross-sectionally, e.g., from supply chain to HR to IT, treasury and tax. This is why we support our clients’ transformation projects with cross-functional teams comprising of professionals from our consulting, financial advisory, tax, legal, and audit practices in Japan, as well as colleagues at Deloitte Touche Tohmatsu Limited in over 150 countries and regions of the world.”
Our concerted efforts based on integrated capabilities as a member of the Deloitte Tohmatsu Group support clients in making steady growth and improving corporate values in this harsh global environment.

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