Indirect Tax Leaders

www.internationaltaxreview.comIndirect TaxLeadersSECONDEDITIONThe comprehensive guide to the world’s leadingindirect tax advisers

ContentsNestor House, Playhouse Yard, London EC4V 5EX UKTel: 44 20 7779 8308Fax: 44 20 7779 8500Managing editor: Ralph Cunninghamrcunningham@euromoneyplc.comMagazine editor: Salman Shaheensshaheen@euromoneyplc.comOnline editor: Sophie Ashleysashley@euromoneyplc.comCorporate tax editor: Matthew Gilleardmgilleard@euromoneyplc.comTax disputes editor: Joe Daltonjdalton@euromoneyplc.comProduction editor: João Fernandesjfernandes@euromoneyplc.comPublisher: Oliver Watkinsowatkins@euromoneyplc.comAssociate publisher: Andrew Tappinatappin@euromoneyplc.comBusiness manager: Megan Poundallmpoundall@euromoneyplc.comDivisional director: Danny Williams Euromoney Trading Limited, 2013. The copyright of alleditorial matter appearing in this Review is reserved by thepublisher.No matter contained herein may be reproduced, duplicatedor copied by any means without the prior consent of theholder of the copyright, requests for which should beaddressed to the publisher. Although Euromoney TradingLimited has made every effort to ensure the accuracy of thispublication, neither it nor any contributor can accept anylegal responsibility whatsoever for consequences that mayarise from errors or omissions, or any opinions or advicegiven. This publication is not a substitute for professionaladvice on specific transactions.Chairman: Richard EnsorDirectors: Sir Patrick Sergeant, The Viscount Rothermere,Christopher Fordham (managing director), Neil Osborn, DanCohen, John Botts, Colin Jones, Diane Alfano, JaneWilkinson, Martin Morgan, David Pritchard, BasharAL-Rehany, Andrew Ballingal, Tristan HillgarthInternational Tax Review is published 10 times a year byEuromoney Trading Limited.This publication is not included in the CLA license.Copying without permission of the publisher is prohibitedISSN 0958-7594Customer services: 44 20 7779 8610235111422364445Introduction and anadaChileChina545455616671818283CyprusCzech RepublicDenmarkFinlandFranceGermanyGreeceHong nLuxembourgMaltaMexicoNetherlandsNew aSingaporeSouth AfricaSouth KoreaSpainSwedenSwitzerlandTurkeyUAEUKImplementing VAT reform in ChinaNo tax on export of services: Boon or bane?Missing trader intra-community fraud: Arebusinesses really prepared?199 USUK subscription hotline: 44 20 7779 8999US subscription hotline: 1 800 437 99971 www.internationaltaxreview.comINDIRECTTAX LEADERS210 Index of firmswww.internationaltaxreview.comINDIRECT TAX LEADERS 1

IntroductionInternational Tax Review launched its Indirect TaxLeaders guide last year in response to the growingMethodologyimportance of indirect taxation. The publicationIndirect Tax Leaders is a list of thewas designed as a tool to help taxpayers identify theleading indirect tax advisers in theforemost specialists in this area of tax advice.world.With falling corporate tax rates and revenues,Inclusion in the guide is basedgovernments are increasingly turning toona minimum number of nominaVAT/GST to make up the shortfall. There is also ations received. Besides the requiredgrowing emphasis on indirect tax to tackle specificnumber of nominations, entrantsproblems, such as carbon taxes to bring downmust also possess (1) evidence ofemissions and financial transaction taxes to conoutstandingwork in the last year;strain risky trades while clawing back money fromand (2) consistently positive feedthe banks blamed for the crisis and given moneyback from peers and clients. Firmsfor their survival by their governments.and individuals cannot pay to beIf anything, that trend has only accelerated inrecommended in Indirect Taxthe last year. Rates of VAT are rising across theLeaders.world, while new jurisdictions are introducing thetax – most significantly China, whose pilot programme is set to be rolled out nationwide in August. And more and more countries are introducing carbon taxesWhile taxpayers generally welcome the shift from direct to indirect taxation, it carries withit its own compliance costs and issues to navigate such as exemptions, reduced and zero rates,market distortions, place of taxation and measures to tackle fraud. And while companies areincreasingly paying attention to the complexities of indirect tax, only the biggest maintainsizeable specialised VAT/GST departments.As a result of this, many companies will have to rely on external advisers to help them withtheir indirect tax affairs. And with this in mind, International Tax Review brings you the second edition of its Indirect Tax Leaders guide to help you chose the right adviser for the rightjob.Salman Shaheen,Editor, International Tax Review2INDIRECT www.internationaltaxreview.comTAX LEADERSwww.internationaltaxreview.comINDIRECT TAX LEADERS 2

ArgentinaCarlos G IannucciCarlos G. Iannucci is the Tax & Legal Managing Partner of theDeloitte member firm network in Latin America. He has morethan 25 years of experience in serving multinational and majorlocal companies. He has developed extensive experience in corporate and international tax issues, and also acts as lead tax partner for large consumer, manufacturing, and oil and gas industryclients.He is a regular lecturer at business institutions, universitiesand professional entities in different tax matters, and is in chargeof the Tax subject at the Business Administration career of theArgentine Catholic University.He also contributes to a number of specialized technicalpublications, and has been consistently listed among the leadingtax advisers in Argentina since 1998 in different market surveys(International Tax Review, Mondaq.)Carlos is a Certified Public Accountant, graduated from theSchool of Economics, Argentine Catholic University, and is amember of the Argentine Fiscal Association and theInternational Fiscal Association.3 www.internationaltaxreview.comINDIRECTTAX LEADERSDeloitteFlorida 234, 5th floorCiudad Autónoma de BuenosAires, C1005AAFArgentinaTel: 54 11 4320 2736Email: omINDIRECT TAX LEADERS 3

ArgentinaMartín BarreiroBaker & McKenzie SC.Joaquin KersmanBaker & McKenzie SC.Federico LlorenteBaker & McKenzie SC.Ruben MalvitanoErnst & Young .Juan Pablo MennaBaker & McKenzie SC.Matias Olivero VilaBruchou, Fernández Madero & Lombardi – Taxand .4INDIRECT www.internationaltaxreview.comTAX LEADERSwww.internationaltaxreview.comINDIRECT TAX LEADERS 4

AustraliaGary FunstonGary Funston leads the Melbourne Indirect Tax Practice ofDeloitte Australia.He recently joined Deloitte after 25 years’ experience withother professional services firms, the last 13 as a partner withErnst & Young. He advises many of Australia’s leading corporate and government clients in all aspects of indirect tax law,including matters that have been successfully litigated in theFederal Court of Australia. He is regularly sought out by theCorporate Tax Association to present to its members on GSTand other indirect tax matters, including at the 2013 CTA TaxConvention where he was the only external indirect tax advisorinvited to present.Gary has a Bachelor of Commerce from MelbourneUniversity as well as an MBA from Melbourne Business School.He is a member of the Tax Institute, CPA Australia and an affiliate of the Institute of Chartered Accountants in Australia.Gary has a reputation for providing practical and often innovative advice and solutions to clients and working with colleagues from other service lines to deliver optimal, whole-of-firm5 www.internationaltaxreview.comINDIRECTTAX LEADERSDeloitte Australia550 BourkeMelbourne 3000AustraliaTel: 61 3 9671 7464Email: ltaxreview.comINDIRECT TAX LEADERS 5

AustraliaDermot GaffneyDermot started his career in Indirect Taxes in the late 1970sand has worked in 5 countries across 3 continents in his 30 plusyears in the profession. He spent 12 years with the RevenueCommissioners in Ireland, where he was an Inspector of Taxes,and since joining KPMG in 1994 he has led teams in Ireland,Scotland, and England before moving to South Africa in late2006. After 5 great years in Johannesburg, his most recentKPMG in Australiamove (and he says hopefully last) was to accept an invitation10 Shelley Streetfrom KPMG Australia at the end of 2011 to lead their NationalSydney NSW 2000Indirect Tax practice.AustraliaWith a team of 10 Partners and over 65 professional staff, hisTel: 61 2 9455 9398team is the largest in Australia and well positioned to adviseEmail: dgaffney1@kpmg.com.auclients across the Asia Pacific region. Dermot’s clients cover aWebsite: www.kpmg.comrange of sectors from Pharmaceuticals to Mining; Brewing toBanking; and Aviation to Property. He has focused on tax efficient supply chain management and in dispute resolution.Dermot is a Fellow of the Institute of CharteredAccountants in Ireland and an Associate of the Institute ofTaxation in Ireland. He has lectured for the Taxation Instituteand published numerous articles on VAT/GST.Indirect Tax is truly a global skill set as his career shows, and with the increasing reliance onit by Governments around the world, having an in-depth understanding of the commonalitiesand key differences of major regimes allows him to add real value to his clients businesses.Dermot is married and has 3 children ranging in ages from 12 to 20; he is a keen golferand an avid supporter of Irish rugby – He has been known to enjoy the odd glass of wine,especially with friends.6INDIRECT www.internationaltaxreview.comTAX LEADERSwww.internationaltaxreview.comINDIRECT TAX LEADERS 6

AustraliaJon GrahamJon Graham is the partner in charge of the indirect tax practiceat Deloitte Australia, a team of approximately 70 dedicated indirect tax specialists, including eight partners.Jon has 23 years’ experience advising on global value addedtax (VAT) and goods and services tax (GST) matters. He hasheld a variety of roles during his career, including VAT inspector with UK Revenue & Customs, in-house VAT manager withDeloitte Australiaa financial institution in London, and partner in charge ofLevel 9, Grosvenor PlaceDeloitte’s indirect tax practice in Scotland and Northern225 George StreetIreland. In 1999, Jon was seconded to Australia for two years toSydney NSW 2000Australiaassist clients with the implementation of the GST. He returnedpermanently to Australia in March 2006 and is based inTel: 61 (0) 2 9322 7421Deloitte’s Sydney office.Email:jongraham@deloitte.com.auJon advises across many industry sectors, but remains aWebsite: www.deloitte.com.aurecognised expert and thought leader in the global financialservices sector. He advises on all aspects of GST/VAT planningand compliance, including retail and investment banks, generaland life insurance companies, fund managers, venture capitalbusinesses and providers to those sectors such as informationtechnology and telecommunications businesses.Jon and his team have a reputation for providing innovative and practical solutions toclients in the field of indirect tax, including negotiating with the tax authorities at a seniorlevel. Jon is also very experienced in assisting clients with disputes through alternative disputeresolution and litigation.Jon has a number of qualifications and memberships, including the Taxation Institute ofAustralia, the Institute of Chartered Accountants Australia, the UK Institute of Taxation andthe UK Association of Taxation Technicians. Jon is also listed as a tax expert in the 2011Guide to the World’s Leading Tax Advisers.7 www.internationaltaxreview.comINDIRECTTAX LEADERSwww.internationaltaxreview.comINDIRECT TAX LEADERS 7