In the 2016 edition of International Tax Review’s World Transfer Pricing, the directory of the leading transfer pricing advisory firms around the world, Deloitte Luxembourg was given a tier one rating for the third consecutive year. To earn this ranking, a firm must have a leading reputation within its jurisdiction, offer a range of transfer pricing services and work with a variety of different clients.

“This remarkable recognition is largely attributable to the teamwork and strength of the entire Deloitte global transfer pricing network and the high-quality transfer pricing services that Deloitte Luxembourg brings to the marketplace”, explains Stephan Tilquin, Partner and Transfer Pricing Leader at Deloitte Luxembourg. “Transfer pricing operations of multinational companies continue to be monitored more closely by tax authorities and are increasingly becoming more public,” explains Majoros Balazs, Partner at Deloitte Luxembourg “This makes this nomination an important recognition of the levels of services we provide.”

Tier one rating in World Tax 2016
World Tax 2016 has awarded the Deloitte network its best rankings to date, giving a top tier one rating to Deloitte member firms in 48 countries. World Tax tier ratings are based upon input from market and tax professionals around the world. This is the third time in a row the Deloitte network was awarded with tire one rankings.

“We are very pleased that Deloitte Luxembourg and other member firms continue to be recognized by World Tax for excellence in tax and legal services,” says Raymond Krawczykowski, Partner and Tax Leader at Deloitte Luxembourg. “These strong results reflect Deloitte’s commitment to making an impact that matters for tax clients”, explains David Capocci, Partner at Deloitte Luxembourg.  “This is achieved through technical excellence, leading technology, a strong global network, and an overall focus on bringing the right people with the right skills at the right time to address clients’ most important challenges,” adds Bernard David, Partner and International Tax Promotion Leader at Deloitte Luxembourg. 

According to its editors, World Tax is designed to provide a full picture of the market for tax advice by assigning tier ratings to member firms in many jurisdictions. Firms rated tier one are considered the best teams overall for tax advice in the country concerned. Rankings are based on firms’ breadth and depth of resources and experience, as well as quality of work, and range of expertise.