BDO has appointed transfer pricing expert, Joel Philips, as a partner starting 24 May.
Mr Philips has had extensive exposure to transfer pricing matters, having worked as regional transfer pricing director for global fast-moving consumer goods giant Unilever for over four years.
He also held the position of head of tax ANZ at Unilever, and had a stint as a taxation analyst at Deloitte Touche Tohmatsu from 1998 to 2000.
BDO head of global transfer pricing services, Zara Ritchie, welcomed Mr Philips’ appointment, noting the surge in demand from multinationals seeking transfer pricing guidance and support after Chevron lost its case against the ATO last year.
“Transfer pricing continues to be one of the key issues facing global companies who have cross border operations,” Ms Ritchie said.
“Multinationals need increased support and guidance to navigate these waters. We are seeing governments taking a hard line stance on base erosion and profit shifting (BEPS) and perceived tax avoidance strategies.
“Transfer pricing is becoming even more important to our clients as revenue authorities from around the world vie for tax revenue in an increasingly challenging and fast-moving economic environment,” she added.
“We are very excited to have Joel join our Australian Transfer Pricing team. His commercial experience managing and implementing transfer pricing arrangements within a corporate environment will be invaluable in understanding and advising clients in practice.”
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Jotham Lian is the editor of Accountants Daily, the leading source of breaking news, analysis and insight for Australian accounting professionals.
Before joining the team in 2017, Jotham wrote for a range of national mastheads including the Sydney Morning Herald, and Channel NewsAsia.