Global market requires international tax advice
International tax planning and compliance advice is becoming increasingly important as investors look to take advantage of opportunities in overseas markets, according to the UK-based deVere Group.
deVere Group global head of tax, Neil Walker, said the independent advice firm had moved establish its own "standalone tax consultancy division" to meet the needs of "globally-focused" clients.
"With more and more individuals becoming internationally mobile, and the evolving UK and global tax, legislative and regulatory environments, a fresh approach was required," he said.
"deVere Tax Consultancy has been established to meet ongoing and growing demand from existing and potential deVere clients.
"Until now, few options were available in the marketplace to meet the specialist, US, UK and/or globally-focused requirements of our clients."
Walker said the tax consultancy unit would use deVere's global network to "devise, implement and manage innovative tax strategies" to enable clients to "navigate the complex tax systems and ensure they are fully compliant whilst taking advantage of the allowances available to them to reduce their tax burdens".
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