Increasing global demand for independent tax advisors fuels major expansion of Taxand
INCREASING GLOBAL DEMAND FOR INDEPENDENT TAX ADVISORS FUELS MAJOR EXPANSION OF Taxand
"Increasing global demand for independent tax advisors has been a driving force behind the significant expansion of Taxand, founded in 2005 as the first global network of independent tax advisors to provide a true alternative to the existing global players", according to Taxand chairman Frederic Donnedieu de Vabres, founder of French tax advisory firm, Arsene Taxand.
Founded initially with nine member firms, Taxand more than doubled in size in less than a year. Now celebrating its second anniversary, the global network now includes more than 1,500 tax professionals, including 300 international partners, with firms in 38 countries.
"Demand for experienced, independent tax professionals who are free from conflicts has continued to grow on a global scale," said Mr. Frederic Donnedieu de Vabres. "Before Taxand was established in 2005, companies faced a limited set of options - choosing a conventional route that presented increasingly serious challenges or employing a patchwork of individual firms around the world. Now companies are able to access a seamless worldwide network of premier tax firms whose experienced professionals share a common goal of delivering objective advice and outstanding service to local and international clients."
"The growth of Taxand in just two short years is a clear indication of how seriously companies view the need for independent tax advisors who are not subject to time consuming audit conflicts and constraints," said Robert N. Lowe, Jr., CEO of Alvarez & Marsal Taxand, LLC, a founding member of the network. According to Mr. Lowe, his US-based tax organization which is also part of Alvarez & Marsal's global professional services platform, officially changed its name to Alvarez & Marsal Taxand, LLC to signal the growing importance that Global 1000 companies place on the need for top tier tax expertise delivered locally and globally. Said Mr. Lowe, "Globalization and complexity demand sophisticated and customized tax advice delivered by experienced professionals who meet the highest standards and put the interests of clients first. Formed by highly respected tax firms in their own countries, Taxand was the first global network founded two years ago on that premise. Others may follow, but Taxand will always be the first premier global network of independent tax advisors - and the first genuine alternative to Big Four accounting firms around the world."