-
Sector Focus
We specialise in the investment management industry offering audit, assurance, tax and corporate recovery and liquidation services.
-
Personal Tax Services
There are many tax rules that can affect you personally and therefore which will have an impact on your personal wealth.
-
QI Compliance
Qualified Intermediaries (QI) have to take action now to perform a Certification to the Internal Revenue Service (IRS).
-
Download our tax brochures
The tax teams at Grant Thornton aim to provide the Channel Islands with a premier tax advisory service both to private clients and the business community including the investment management industry.
-
Jersey Tax Return
A secure sign in page to file Jersey Tax Returns through the Grant Thornton tax portal.
-
ESG
ESG can either be seen as a risk management tool or an opportunity, either way it is imperative to your business, whatever your size and whether you are listed or not.
-
Professional Services
Business and accounting support for professional services
-
Finance Industry
We work with a broad range of clients and their financial stakeholders, from entrepreneurs in the early days to fast growing and established businesses to public companies competing in global markets.
-
Local Businesses
Businesses come in many shapes and sizes – from innovative start-ups to long-established local businesses. But however large or small your business, the chances are you face similar challenges.
-
Corporate Insolvency
Our corporate investigation, Guernsey liquidation and recovery teams focus on identifying and resolving issues affecting profitability, protecting enterprise value and facilitating a full recovery where possible.
-
Corporate Simplification
Redundant corporate entities can over complicate group structures and waste thousands of pounds in unnecessary costs each year. 46% of the c.15,500 companies controlled by the FTSE100 are dormant and it is estimated that the average cost of administering dormant companies is between £3,500 and £5,000 per company, per year.
-
Debt Advisory
Our Debt Advisory team provides commercial and financial debt advice to corporate entities and public sector bodies in a range of sectors. Our engagements include advice on stand-alone transactions and solutions or as part of an integrated business plan, in both the project and corporate arenas.
-
Exit Strategy Services
We offer a tailored methodology designed to enable a company to be reviewed in a group context to assess ways to maximise its value.
-
Financial Restructuring
For companies challenged by under-performance we work with management teams, shareholders, lenders and other stakeholders to implement financial restructuring solutions creating a stable platform for business turnaround.
-
Strategic performance reviews
Strategic performance reviews analyse the key drivers of performance improvement. Our specialists utilise a framework to evaluate financial and operational options and to identify solutions for businesses and their stakeholders.
Businesses call for clarity
06 Aug 2015Business leaders renew appeal for clarity on 'acceptable' tax planning
Three quarters of business leaders would pay more taxes in exchange for greater clarity from authorities on what is acceptable, according to the Grant Thornton International Business Report (IBR), a global survey of 2,580 businesses in 35 economies. And while few expect a global agreement any time soon, the majority would like to see their governments take unilateral action to help achieve this aim.
Francesca Lagerberg, global leader for tax services at Grant Thornton said: “The levels of taxation paid by businesses has become a very public and emotive issue. But setting emotion to one side, businesses have a responsibility to their investors and shareholders to keep costs down - within the existing regulatory parameters."
"Despite this, our IBR survey clearly shows that the vast majority would actually support paying more in tax in exchange for clearer guidance from tax authorities on what is acceptable tax planning. The ball is very firmly in their court to provide the clear lines that businesses are requesting. The results provide more evidence that clarity is needed in the complex world of cross border tax transactions."
When asked if they would welcome more global co-operation and guidance from tax authorities on what is acceptable and unacceptable tax planning, even if this provided less opportunity to reduce tax liabilities across borders, 75% of business leaders said 'Yes', up from 53% one year earlier.
In the G7, 75% want greater clarity, up from 43% one year earlier. Notable countries were India (95%), South Africa (94%, up from 64%) the UK (83% up from 59%) and US (83%, up from 37%).
Unilateral vs multilateral
Business leaders are not hopeful that a global agreement will be enacted to provide clearer tax rules for all. Just 23% of the survey respondents thought that the OECD's plans on global tax improvement under the Base Erosion and Profit Shifting project (BEPS) would be successfully implemented. This is slightly down from 24% one year earlier.
However, they are far more supportive of unilateral, individual country, action in lieu of a global agreement: 71% said they would support their own government taking unilateral action to combat the loss of tax revenue in their jurisdiction. Support for local action is strongest in India (95%), the US (82%), UK (79%), China (67%) and Ireland (64%).
Francesca Lagerberg continued: "Businesses may be pessimistic on the chances of a global agreement - the Doha Round and climate change negotiations have taught us that these things take time. However, the work being undertaken by the OECD on tax planning should go some way to allaying business concerns by moving this debate away from talk to action. The OECD is set to finalise its recommendations this year.
"International tax standards clearly need to be stripped down and rebuilt for the world we live in today. The existing legislation is creaking at the seams in an increasingly interconnected, digital world in which the definition of a 'border' is looking archaic. The research is showing that businesses are asking for more help to enable them to navigate the new challenges of a digital economy.”