The prestigious 2013 ITR European Tax Awards were held in London on 15 May, demonstrating excellence and innovation in tax work across Europe.
The ITR recognition was awarded to firms that demonstrated examples of client work of the highest quality in Europe in 2012. Ernst & Young won 11 awards: apart from the exceptional results in various countries, Ernst & Young was named European tax compliance and reporting firm of the year and received the award for European tax policy.
“This award is a great win for our firm, which shows that our exceptional transfer pricing services are widely recognized across Central and Eastern Europe. I would like to extend my congratulations to our Transfer Pricing team in Romania – we are extremely proud of this achievement” comments Venkatesh Srinivasan, Partner and CSE Tax & Law Markets Leader.
To decide the winners, the ITR team of journalists has undertaken detailed research from a variety of sources. Submissions from the firms were a vital part of this research, but the magazine’s editorial staff has also consulted a large number of tax advisers and lawyers, tax executives and in-house counsel to gain their perspective on the ground-breaking work that took place in Europe throughout 2012.
The ITR judging criteria were three-fold:
- Size: an indicator of what a tax team is capable of taking on
- Innovation: the solution the firm employed shows something more than the straightforward answer that is commonly used
- Complexity: the matter addresses tax issues that were out of the ordinary
Finally, shortlists were compiled based on submissions and research, and the winners were chosen after a poll of international tax executives. The winners and runners-up will be presented in the June 2013 issue of the ITR magazine.
In Romania, Ernst & Young’s Transfer Pricing team has a strong client-base of many household names and big players in the local market. Every few years, our team conducts a Transfer Pricing Survey on the Romanian market that is a source of transfer pricing knowledge and insights for the local market and gives companies practical considerations on the transfer pricing documentation requirements.
