Big Four firms KPMG, Deloitte and EY dominate Asia Tax Awards for 2018

18 May 2018 Consultancy.asia

The International Tax Review’s annual Asian Tax Awards have rolled around for 2018, with KPMG leading the field across the Asia Pacific region.

With a cross-border focus on corporate, indirect, disputes and compliance management tax-related matters, the International Tax Review (IRT) is a respected industry platform for tax professionals, with its annual international awards coveted by tax firms and executives.

Announced at an award ceremony at the Mandarin Orchard in Singapore earlier this month, this year KPMG has scooped the pool, picking up 21 regional and national awards ahead of fellow Big Four members Deloitte and EY with fourteen and eight apiece. KPMG also took home the coveted overall honour of Asia Tax Firm of the Year for 2018 – its third consecutive title since the awards were reintroduced in 2016.

With the awards covering a large portion of the Asia Pacific (including India), KPMG was crowned Tax Firm of the Year in a number of nations, including Australia, Hong Kong, Japan, Pakistan, Sri Lanka, Thailand and Vietnam. The firm was also named the winner in other national IRT awards categories, which included Firm of the Year nods for Transfer Pricing and Tax Disputes & Litigation, in China, Malaysia and Singapore – demonstrating the firm’s diverse regional spread, with the KPMG Asia Pacific Tax Centre having a presence in 23 jurisdictions across the region.Big Four firms KPMG, Deloitte and EY dominate Asia Tax Awards for 2018Deloitte, meanwhile, received national Tax Firm of the Year gongs for its practices in Indonesia, New Zealand and Taiwan, while Ernst & Young took the spoils in Myanmar, China and Singapore. Outside of the Big Four, the other top national prizes went to Mekong emerging-market specialists DFDL in Cambodia, long-time local entity Shearn Delamore & Co in Malaysia, South Korean law firm Kim & Chang, and Baker McKenzie member-firm Quisumbing Torres for the Philippines.

Baker McKenzie also featured in the individual awards, with Allan Tan of the firm’s Kuala Lumpur office taking home the Asia Tax Practice Leader of the Year award, while Joanne Su of EY’s International Tax Services practice in China was recognised as the Transfer Pricing Practice Leader of the Year. The Disputes and Litigation Practice Leader crown went to Seok Hoon Kang, of Korean-headquartered internatonal corporate law firm Yulchoon.

Other regional category awards went to KPMG for FACTA/Withholding Tax Team, Disputes & Litigation, and Compliance & Reporting Firm of the Year, as well as Deloitte for Tax Technology and Indirect Tax Firm of the Year and EY for Asia Tax Innovator of the Year.

Further awards went to; Shearn Delamore & Co for Tax Transactions; Du-Baladad and Associates of the Philippines for Tax Policy Firm, and; multinational Australia-based MinterEllison for Global Executive Tax Mobility Team – the legal services and consulting firm also winning both the Transfer Pricing and Disputes & Litigation award for Australia. The last of the Asian winners on the night was GNV Consulting Services of Indonesia, in the Disputes & Litigation category of its home base.

KPMG in Singapore tweeted: “We did it! KPMG won the most Awards @IntlTaxReview Asia Tax Awards, including the coveted Asia Tax Firm of the Year for the third consecutive year. The Singapore firm won the National Tax Disputes & Litigation Firm and National Transfer Pricing Firm of the Year too!” 

Profiles

More news on

Leading South Korean law firm Yulchon joins Taxand global network

19 April 2019 Consultancy.asia

Global tax specialists Taxand has admitted a new member firm in South Korea; Yulchon, pushing the network’s representation to 48 countries worldwide.

Born in 2005 in the wake of the Enron scandal as an alternative, independent tax-focused enterprise, Taxand has since grown to include member-firms on every continent, with a collective headcount of over 2,000 advisors worldwide. Adding to that list; Yulchon, a leading South Korean business law firm with more than 400 lawyers and 80 tax advisors of its own.

“Joining Taxand allows us to provide clients with the highest quality, cross border tax advice,” said Yulchon tax partner Kyu-Dong Kim. “Taxand’s international network provides a positive differentiation from other East Asian tax and legal firms. Its reputation for independent, specialist expertise fits well with Yulchon’s culture and we look forward to strengthening both our local and international tax services.”

A 2017 Chambers and Partners’ National Law Firm of the Year winner consistently recognised for its innovation, Yulchon was founded in Seoul in 1997 by five of South Korea’s leading attorneys to create “a village of lawyers”, with two decades of organic growth seeing the firm add international offices in Shanghai, Hanoi, Ho Chi Minh City, Moscow, Jakarta and Yangon.Leading South Korean law firm Yulchon joins Taxand global networkAccordingly, with the admission of Yulchon to its network, Taxand has now significantly expanded its Asia presence – its coverage in ten key Asia Pacific economies (including Japan, Singapore, Malaysia, Australia and India) among the organisation’s representation in over 50 countries stretching to every corner of the globe, from Oslo to Melbourne and from Buenos Aires to Mauritius with the US and just about every European nation in between.

“Yulchon is a welcome new addition to the Taxand family, bolstering our strength in East Asia,” said Taxand Chairman Frederic Donnedieu de Vabres, a former Arthur Andersen consultant. “The firm will give our clients a broader scope of specialised tax expertise across the region. Our network has grown significantly in recent years and we look forward to working with our new colleagues and their clients.”

Be it in the areas of compensation, financial, energy, mergers & acquisition, real estate, disputes, or others, Taxand describes itself as entirely focussed on the tax aspects – “we do tax, and only tax. No audit or attest issues” – leveraging its global network to serve clients with their both local and international and cross-border tax advisory needs. In the US and UK the network is represented by Alvarez & Marsal affiliate A&M Taxand.