Financial Services

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:

Income tax, corporate tax, value added tax or withholding tax in a national or international context
Credit institution or insurance company, capital management company for securities or real estate, private equity or hedge fund or infrastructure fund, custodian bank or fund administrator
Private or institutional investor or family office
Ongoing compliance and business partnering as part of a long-term mandate or short-term project consulting in individual cases
Tax structuring or tax compliance on the asset (input) side of a collective investment scheme or on the investor (output) side of such a fund vehicle
Digitalization of operational tasks in tax or the actual filing of tax returns

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: