“I would like to thank our clients who have made these rankings possible and I believe that these two achievements recognise the quality of our work and assistance to them. I am proud to be part of this team. I also take this opportunity to thank the teams sincerely for their hard work, which contributed to this great achievement.” states Raymond Krawczykowski, tax and talent leader at Deloitte Luxembourg.

According to ITR, the main reasons that led to the recognition in the World Tax guide were:

• Deloitte has a large practice in Luxembourg and by all accounts it is also of the highest quality.
• "They're always coming up with good ideas and are proactive suggesting them," said a client.
• "They try hard to understand our business.

The main reasons for the Transfer Pricing guide ranking included:

• Deloitte can make an irrefutable claim to be a pioneer in the Luxembourg transfer pricing market – they established the first such practice in 2009.
• This practice forms a team that encompasses economists, tax and industry specialists, and professionals with many years of international tax and business experience.
• Transfer pricing has also been the practice’s most rapidly developing area, propelled by the sector’s surging significance in the Luxembourg jurisdiction as legislation comes in on both a national and European level.
• The practice is particularly recognised for its business model optimisation work. In the last year it designed a transfer pricing approach for a financing structure involving a Luxembourg entity, as well as designing complex transfer pricing models in the context of real estate.

Deloitte member firms are part of a global network that includes approximately 28,000 member firm tax partners and professionals worldwide. Clients benefit from the global reach of the worldwide Deloitte network of member firms, while retaining access to local tax knowledge when and where they need it.