Business consulting services
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
Forensic and investigation services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
Mergers and acquisitions
Globalisation and company growth ambitions are driving an increase in M&A activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
The International Financial Reporting Standards (IFRS) are a set of global accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements. At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
Francesca Lagerberg welcomes moves towards global taxation transparency
"Tax is sexy" reads the postcard on the wall of my office. The irony is inescapable but tax is certainly never far from the headlines these days. Corporate tax inversion deals – such as the Burger King buyout of Tim Hortons and Pfizer’s attempted purchase of AstraZeneca – are creating waves and have become the latest stick to bash businesses with.
The business reasons for such deals are clear: Burger King will now be paying 15% corporation tax in Canada as opposed to 35% in the United States. The broader implications are somewhat murkier. The spate of inversions has caused concern in Washington about the threat they pose to the corporate income tax base. And earlier this week the US government issued new regulations which will make shifting tax domiciles more difficult, including toughening up ownership limits that investors can retain in an inverted company.
It all goes to show how complex taxation is for businesses. On one side, companies have a duty to their shareholders and investors to maximise profits. On the other, there are calls from politicians and the public to support their country by paying their ‘fair share’. What businesses need is clarity, a fact underlined by our International Business Report (IBR): three in five businesses are calling for more transparency in what is acceptable tax planning and updated tax rules for a modern, digital economy.
I was therefore heartened to see the overwhelmingly positive reaction of the G20 to the first draft of the OECD proposals on BEPS (the Base Erosion Profit Shifting project) which addresses some of the issues such as increasing transparency, limiting the use of tax havens and better ways of taxing digital companies. Creating global standards is a frighteningly complex task but the majority of the measures were agreed to by 44 economies which account for 90% of global output. It’s only the first step down a long, rocky road; but it’s a significant step forward.
While some business leaders will welcome this attention on transparency there are undoubtedly others who might have hoped the global focus on tax would blow over. But the momentum towards a global far-reaching agreement is building and businesses of all sizes – not just multinationals – need to prepare for and implement the changes (our recent report is a good place to start). Tax may well not be the sexiest thing on a business leader’s plate, but it is unavoidable.
Follow the conversation with Francesca on Twitter using @F_Lagerberg