Andersen Global expands UK tax arm
Andersen Global, the international association of tax specialist firms set up by former Arthur Andersen staffers, is spearheading its push into the UK, signing its second collaboration agreement in a month, with tax practice Mark Davies & Associates joining the first UK member firm, RBCVAT Ltd
12 Apr 2018
Founded in 2007, Mark Davies & Associates is a London-based tax practice focused on advising international clients on cross-border matters.
The firm provides services including advising on domicile, residency and the remittance basis, property holding structures, offshore trusts, tax investigations and immigration. In addition, it offers UK tax compliance services to international clients who have an exposure to UK tax.
Mark Davies, founder and managing director of Mark Davies & Associates, said: ‘Our clients’ needs are expanding and routinely their tax affairs can span several tax jurisdictions. Our collaboration with Andersen Global, as well as with Roger and his team at RBCVAT Ltd, will enable us to strengthen our current offering, provide a wider breadth of expertise to our clients and access to advisors in more than 30 jurisdictions.’
Mark Vorsatz, Andersen Global chairman and Andersen Tax CEO, said: ‘Mark and his team bring high quality services into an essential market and their specialization in non-domiciled clients will complement our international client base and support our model of best-in-class service capabilities.
‘The UK is a critical market for our clients and this collaboration is an essential component in our European expansion, which, together with the VAT practice at RBCVAT Ltd, gives us an enhanced ability to provide seamless service throughout the UK.’
The latest acquisition will be a part of the LLP that Andersen Global has formed in the UK with founding partners George McCracken and James Frost.
Last month the association signed its first UK collaboration agreement with London VAT specialist RBCVAT Ltd, led by Roger Bevan, who is an Arthur Andersen alumnus. RBCVAT was founded 15 years ago and provides pan-European VAT advice and consultancy services, including advising US businesses on European in-bound transactions, supply chains and VAT planning, supporting US businesses with their European VAT registrations and filings, and providing VAT training packages.
Vorsatz indicated at the time that Andersen Global intends to strengthen its position in the UK, saying: ‘The UK is the next major step in our firm’s growth and I wanted to ensure that we collaborated with a quality organization with a culture consistent with our objectives.’
Andersen Global is an international association of legally separate, independent member firms, which was established in 2013 by Andersen Tax. It currently has more than 2,500 professionals worldwide and a presence in over 87 locations through its member firms and collaborating firms.
Recent expansion has included Ireland, where Dublin tax firm mgpartners has become a member firm of Andersen Global and rebranded as Andersen Tax.
Andersen Tax, the US member firm, grew out of a firm called Wealth and Tax Advisory Services USA (WTAS) which was set up in 2002 by Vorsatz and a group of 22 other former Andersen partners, following the collapse of global firm Arthur Andersen in the wake of the Enron and Worldcom scandals.
As CEO, Vorsatz later renamed the firm as Andersen Tax in 2014 after acquiring the trademarks and copyrights from Arthur Andersen LLP and Andersen Worldwide
Last year saw Vorsatz and Andersen Tax involved in a series of lawsuits in Europe, India, the US and other parts of the world, after a French firm headed by Stéphane Laffont-Réveilhac also laid claim to the Arthur Andersen name.
The firm, formerly known as Quatre Juillet Maison Blanche, renamed itself Arthur Andersen & Co and announced the formation of an Arthur Andersen network with 26 offices on five continents and in 16 countries.
It denied Andersen Tax had sole rights to the name, but various legal rulings have found in favour of the US firm.
As well as expansion in the UK, Andersen Tax is targeting the Middle East and Africa, where it has recently announced collaborations in Dubai and Egypt, and is also looking at potential moves in Asia and Australia.
Report by Pat Sweet