KPMG LLP announced that it has formed a U.S.-based India Tax Center of Excellence to assist and advise companies that have, or are planning, operations in India. The center will also provide tax services to India-based companies with investment interests in the United States.
The Big Four firm has hired Dharmesh Pandya, who worked in a similar position at Ernst & Young, to head the center. Pandya will be based in KPMG's New York office and will be responsible for aiding multinational clients as they establish cross-border operations in collaboration with KPMG's other international Tax Centers of Excellence. The centers, most formed in June 2000, work together to look at tax planning from a multiple country approach.
Pandya brings tax, legislative and regulatory experience, and has advised multinationals on both U.S.-outbound and inbound international tax issues.
"As India, and, in fact, the entire Asia-Pacific region, continues to be one of the top areas for foreign investment and business expansion, it makes sense that KPMG opens an India Tax Center to help clients identify opportunities there," said U.S. partner-in-charge of international corporate tax services practice Kevin Glenn, in a statement. "Since this is new terrain for many of our clients, we expect great demand for the India Tax Center's services."
Previously on WebCPA:
Deloitte Forms Group in Asia Pacific (June 23, 2006)
Legal, Tax Systems Are Main Hurdle in New Markets (Feb. 22, 2006)
India, South Africa Move to New Accounting (Sept. 16, 2005)
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