John Parkhouse, CEO of PwC Luxembourg, commented: “The momentum in our business today is a reflection of our long-term investment strategy and the decisions we took during the downturn to make sure we deliver responsible growth. Creating jobs, developing skills, supporting the brand and contributing in financial and non-financial ways to the communities in which we live and work and to Luxembourg growth is core to our business.”

Globally, PwC reported an increase in revenues of 10% to US$ 35.4 billion - the strongest growth in eight years.

The PwC brand has been acknowledged as the strongest professional services brand in the world and this reputation is built on the energy, enthusiasm and quality of the 208,000 people and their commitment to building trust and to solving important problems.

Being a catalyst for change

Business confidence has been improving and the Luxembourg economy is performing well. Case in point: the country has maintained its triple A credit rating and is ranked as the most competitive country in the EU and the sixth in the world.

John Parkhouse said: “We relentlessly continue to make sure that Luxembourg is known for its concrete value proposition. The country provides a central location from which companies can manage their operations in Europe. It is also the location of choice for firms working in Big Data and turns out to be an attractive proposition for recruiting talent from around the world. Thanks to PwC’s Accelerator, top-flight technology companies have set up in Luxembourg.”

Rima Adas, Managing Partner, Network and Business Development Leader, added: “Our economy is solid. Luxembourg business is innovative and dynamic, and I am optimistic that the country will continue to be very attractive for inward investment and job creation. All the more so as our financial centre provides a full range of services in strict compliance with all European and international transparency requirements.”

While technology is transforming business, PwC Luxembourg brings the latest and best technology solutions to its clients on e.g. strategy definition, cyber security, data analytics, regulatory reporting (e.g. FATCA and CRS) and tax monitoring.

While tax remains an emotive topic, PwC has been committed to contributing to the global debate.

Wim Piot, Managing Partner, Tax Leader, commented on current regulatory measures and the new tax framework:
“We’re in the middle of a whole new ball game. The international tax framework is not any longer fit for purpose. Current regulatory measures or plans, including BEPS, show that we are moving towards a fair and sustainable tax system. We welcome this effort and think it will boost transparency.”

To support the firm’s responsible growth and to remain responsive to today’s market needs, PwC Luxembourg has recruited nearly 850 people during the year, of which 166 experienced professionals and 420 young graduates.

As the sixth-largest employer in the country, PwC Luxembourg has turned its inherent diversity into one of its key strengths.

John Parkhouse concluded: “With 58 different nationalities and a gender-balanced population, diversity is our X factor. This puts us in a distinctive position to provide our clients with real value.”

On top of promoting complementarity of profiles, PwC Luxembourg also puts forward well-being at work to continue its development.