“I take this opportunity to once again thank the teams for their hard work, which contributed to this great achievement. I am proud to be able to present excellently balanced teams of multidisciplinary members across all service lines when going to clients and honoured to count myself as part of the group.” states Raymond Krawczykowski, tax practice leader at Deloitte Luxembourg.

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

• Though Deloitte is capable of servicing a wide range of tax needs through its wider firm and network, the tax department in Luxembourg lists particular specialities in financial services, private equity, real estate, oil and gas, manufacturing and healthcare.
• The tax team is fully integrated into the wider practice of the Luxembourg firm, and regularly offers cross-service line solutions to provide a one-stop tax service.

The main reasons for the Transfer Pricing guide ranking included:

• The tax practice of Deloitte contains a full service transfer pricing team specialised in financial services, private equity, real estate, oil and gas, manufacturing and healthcare
• The multidisciplinary approach of the firm: the Cross-border Tax and Transfer Pricing team encompasses not only Transfer Pricing professionals but also international tax specialists, economists and financial industry specialists
• The Deloitte practice is particularly recognised for its business model optimization work and tailor-made transfer pricing models for financing structures
• To respond to its clients, Deloitte has created the VP Tax Club, which gathers directors from the European headquarters of multinationals based in Luxembourg. The objective is to identify and discuss the issues and challenges that are common to such companies

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