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Attorneys at law Borenius Ltd

YRJÖNKATU 13A, 00120 HELSINKI, FINLAND
Tel:
Work +358 9 6153 33
Fax:
Fax +358 9 6153 3499
Web:
www.borenius.com
Email:
Vilnius, Tampere, Tallinn, Riga, Petersburg, Helsinki and 1 more

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Attorneys at Law Borenius' Taxation Expertise Receives International Recognition

May 2012

International Tax Review (ITR), a recognised publication focused on international taxation, has named Attorneys at law Borenius Ltd as the transfer pricing firm of the year 2012 in Finland.

Attorneys at law Borenius is the first law firm in Finland which has been granted the said award.

Since 2006, ITR has awarded the leading transfer pricing firm in all European countries. The evaluation includes all firms offering tax advice services, such as auditing firms, tax consulting firms and law firms.

Transfer pricing is one of the most important and constantly growing areas in the field of taxation. Based on various estimates, up to 70 % of the total value of world trade is made up of global group companies' internal trade. The states try to safeguard their tax base and prevent the artificial transfer of profits outside their powers of taxation. In this respect, tax laws provide that transactions between group companies related to goods, services and intellectual property rights must be priced on market terms and documented duly.

"In recent years we have purposefully expanded our taxation services. We currently have more than ten tax experts and our tax group is the largest among the Finnish law firms. Recently we have strongly focused on transfer pricing, which plays a key role in the tax planning of large and medium-sized companies. Having been granted this award showed that our persevering work has been successful," says Janne Juusela who received the award on 16 May 2012 in London.

For further information:

Janne Juusela

Jouni Honka-aho


About Drew & Napier LLC

Established in 1889, Drew & Napier LLC is one of Singapore's leading and largest law firms, with over 250 lawyers and fee-earners. Consistently rated top tier in dispute resolution over the years by international ranking organisations such as Asia Pacific Legal 500, Chambers Global, Practical Law Company, Best Lawyers and Asia Law, the firm has 7 Senior Counsel. The firm is headed by chief executive officer, Davinder Singh, Senior Counsel. Drew & Napier LLC is also rated top tier in Corporate Insolvency & Restructuring, Intellectual Property (Patents and Trademarks), Competition & Antitrust, Telecommunications, Media & Technology and Tax, with market leading practices in Mergers & Acquisitions, Corporate Finance, and Admiralty & Shipping. For more information, please visit www.drewnapier.com

Legal Developments by:
Attorneys at law Borenius Ltd

  • Court ruling on the Finnish CFC legislation

    The Finnish CFC legislation implies that a Finnish company may be subject to income tax for its share of the profit of a CFC regardless of whether these profits are distributed by the CFC to its shareholders or not. A CFC is defined as a foreign corporation owned and controlled by a Finnish tax resident that pays income tax in its domicile at a rate less than 60% of the Finnish corporate income tax rate.
    - Attorneys at law Borenius Ltd

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