Your aspiration is our motivation.
“…The Financial Services sector plays a critical role in any modern economy. The bundle of institutions that make up an economy’s financial system can be seen as ‘the brain of the economy’, providing the bulk of the economy’s need for many functions…” (WTO, 2021)
The importance of the Financial Services sector, its value creation and value exchange stirs the interest of tax authorities on a worldwide basis. Thereof, the global macro tax environment is fraught with a plethora of tax rules. The multi-faceted landscape of the (regulated) Financial Services industry is marked by the requirement for efficiency and effectiveness of tax functions, which receive increasing attention, especially in case of significant cross-border activity. Market participants have to be able to interrogate, consolidate and transmit huge amounts of sensitive data quickly, easily and in a secure and auditable form, to tax authorities and customers.
Governments are pushing Financial Services organizations to take a central role in policing their clients' tax compliance and transparency, often jurisdiction specific. The suitability of current structures, products and services has to be examined in the new light of the constantly evolving international tax landscape.
Last but not least, tax constitutes an integral value component of environmental, social and corporate governance (ESG) considerations in financial markets, which gain increasing attention of investors as well as in the political and media spotlight.
WTS Global is assisting the international Financial Services industry to optimize its “Time to Value” proposition, offering the full range of national and cross-border tax law services, leveraging the expertise of tax specialists from more than 100 countries, covering:
Our Financial Services clients are active globally and in all segments of the industry.
As specialized and long-standing advisors to the Financial Services industry, the teams of WTS Global with a career background from consulting firms, in-house tax departments and as former tax administration officials have extensive knowledge of this particular sector. Our service portfolio is characterized by professional competence, personal experience and integrity, as well as the design and implementation of digital solutions.
WTS Global deliberately refrains from conducting annual audit services in order to avoid any conflict of interest and to be the long-term trusted advisor for its international clients.
For our clients, we anticipate changes, identify both innovation and risk, develop options for action together with you and will implement their realization in practice.
Please ask for our track record.
The teams of WTS Global cover all Financial Services sub-industries:
Our expertise covers all asset classes, to name just a few:
We love to be challenged.
Please contact the Financial Services specialists of WTS Global.
If you have any questions about WTS Global or our global services, please get in touch.
We will respond to you as soon as possible.