1. NEXIA TAX UPDATE Mike Adams Nexia Tax Director Nexia International Tax Conference 2014 Hong Kong

2. NEXIA TAX UPDATE Results New Developments Future Events Ongoing Support NEXIA TAX UPDATE Nexia International Tax Conference 2014 - Hong Kong

3. NEXIA TAX UPDATE Results New Developments Future Events Ongoing Support Nexia International Tax Conference 2014 - Hong Kong NEXIA TAX UPDATE

4. NEXIA TAX UPDATE - Results for Tax Rankings in the International Accounting Bulletin World Survey 3 rd GMTS Conference – Bucharest, Romania 1 st Nexia tax training course – Leiden, The Netherlands Regional tax group meetings Nexia International Tax Conference 2014 - Hong Kong RESULTS

5. NEXIA TAX UPDATE - Results for Tax Nexia International Tax Conference 2014 - Hong Kong RESULTS Service line split: Tax (US$m) 1PwC8,175.0 2EY6,946.0 3Deloitte6,100.0 4KPMG4,970.0 5BDO1,295.0 6RSM1,095.8 7 Grant Thornton International 925.0 8Baker Tilly International844.7 9Nexia International788.2 10Crowe Horwarth743.5

6. NEXIA TAX UPDATE - Results for Tax Nexia International Tax Conference 2014 - Hong Kong RESULTS Total Revenue (US$m) 1Deloitte32,400.0 2PwC32,088.0 3EY25,892.0 4KPMG23,420.0 5BDO6,453.0 6 Grant Thornton International 4,519.0 7RSM3,714.1 8Baker Tilly International3,404.2 9Crowe Horwath3,168.2 10Nexia International2,918.0 11Moore Stevens International2,682.1

7. NEXIA TAX UPDATE - Results for Tax Nexia International Tax Conference 2014 - Hong Kong RESULTS Service line split: Audit and Accounting (US$m) 1PwC14,760.0 2Deloitte13,100.0 3EY10,936.0 4KPMG10,210.0 5BDO3,829.2 6 Grant Thornton International 1,958.0 7RSM1,861.2 8Baker Tilly International1,700.9 9Crowe Horwath1,574.5 10Moore Stevens1,394.6 11PKF1,337.1 12Nexia International1,297.7 13Kreston International917.2

8. NEXIA TAX UPDATE - Results for Tax Nexia International Tax Conference 2014 - Hong Kong RESULTS Service line split: “Other” (US$m) 1Deloitte13,200.0 2PwC9,153.0 3KPMG8,240.0 4EY7,947.0 5 Grant Thornton International 1,636.0 6BDO1,328.7 7Baker Tilly International858.6 8Nexia International832.0 9Crowe Harworth805.9 10RSM757.0

9. NEXIA TAX UPDATE - Results for Tax Rankings in the International Accounting Bulleting World Survey 3 rd GMTS Conference – Bucharest, Romania 1 st Nexia tax training course – Leiden, The Netherlands Regional tax group meetings Nexia International Tax Conference 2014 - Hong Kong RESULTS

10. NEXIA TAX UPDATE - Results for Tax Rankings in the International Accounting Bulleting World Survey 3 rd GMTS Conference – Bucharest, Romania 1 st Nexia tax training course – Leiden, The Netherlands Regional tax group meetings Nexia International Tax Conference 2014 - Hong Kong RESULTS

11. NEXIA TAX UPDATE - Results for Tax Rankings in the International Accounting Bulleting World Survey 3 rd GMTS Conference – Bucharest, Romania 1 st Nexia tax training course – Leiden, The Netherlands Regional tax group meetings Nexia International Tax Conference 2014 - Hong Kong RESULTS

12. NEXIA TAX UPDATE Results New Developments Future Events Ongoing Support Nexia International Tax Conference 2014 - Hong Kong NEXIA TAX UPDATE

13. On-line Legal and Tax database http://www.nexia.com/InternationalTaxHandbookonline Tax survey Nexia International Tax Conference 2014 - Hong Kong NEW DEVELOPMENTS

14. On-line Legal and Tax database Text Nexia International Tax Conference 2014 - Hong Kong NEW DEVELOPMENTS

15. On-line Legal and Tax database http://www.nexia.com/InternationalTaxHandbookonline Tax survey Nexia International Tax Conference 2014 - Hong Kong NEW DEVELOPMENTS

16. NEXIA TAX UPDATE Results New Developments Future Events Ongoing Support Nexia International Tax Conference 2014 - Hong Kong NEXIA TAX UPDATE

17. Tax Training GMTS conference International Tax Conference Future Events Nexia International Tax Conference 2014 - Hong Kong

18. FUTURE EVENTS Low cost, high value training 10 – 12 July, Leiden, The Netherlands More advanced course than last year Beneficial Ownership, Tax Treaties, double taxation and double non-taxation CPE credits can be arranged Registration open Tax Training Nexia International Tax Conference 2014 - Hong Kong

19. Details yet to be finalised but probably will be held 17 – 18 September, In Prague And will be followed immediately by a meeting of the EMEA Tax Group GMTS Conference 2014 Nexia International Tax Conference 2014 - Hong Kong FUTURE EVENTS

20. End May / Early June 2015, Copenhagen Feedback from this year greatly appreciated Similar format to this year? Topics for case studies? Meetings of Special Interest Groups? International Tax Conference Nexia International Tax Conference 2014 - Hong Kong FUTURE EVENTS

21. NEXIA TAX UPDATE Results New Developments Future Events Ongoing Support Nexia International Tax Conference 2014 - Hong Kong NEXIA TAX UPDATE

22. ONGOING SUPPORT Tax Director (Tax) Special Interest Groups Taxlink Website tools: -Tax contact search -Tax article search -The European Holding Company analysis - a unique quality publication -Cross-border database Nexia International Tax Conference 2014 - Hong Kong

23. ONGOING SUPPORT Tax Director (Tax) Special Interest Groups Taxlink Website tools: -Tax contact search -Tax article search -The European Holding Company analysis - a unique quality publication -Cross-border database Nexia International Tax Conference 2014 - Hong Kong

24. ONGOING SUPPORT Nexia International Tax Conference 2014 - Hong Kong (Tax) Special Interest Groups -Transfer Pricing: Rajesh Sharma -Indirect Taxes: John Voyez -Global Mobility Tax Services: Sten Günsel -Real Estate: Henning-Günther Wind -Private Wealth: Mike Beattie Business Advisory Group / Advisory Services Committee

25. ONGOING SUPPORT Tax Director (Tax) Special Interest Groups Taxlink Website tools: -Tax contact search -Tax article search -The European Holding Company analysis - a unique quality publication -Cross-border database Nexia International Tax Conference 2014 - Hong Kong

26. ONGOING SUPPORT Tax Director (Tax) Special Interest Groups Taxlink Website tools: -Tax contact search -Tax article search -The European Holding Company analysis - a unique quality publication -Cross-border database Nexia International Tax Conference 2014 - Hong Kong

27. ONGOING SUPPORT Nexia International Tax Conference 2014 - Hong Kong Tax Contact search

28. ONGOING SUPPORT Tax Director (Tax) Special Interest Groups Taxlink Website tools: -Tax contact search -Tax article search -The European Holding Company analysis - a unique quality publication -Cross-border database Nexia International Tax Conference 2014 - Hong Kong

29. ONGOING SUPPORT Nexia International Tax Conference 2014 - Hong Kong Tax article search -By country -By date -By author

30. ONGOING SUPPORT Tax Director (Tax) Special Interest Groups Taxlink Website tools: -Tax contact search -Tax article search -The European Holding Company analysis - a unique quality publication -Cross-border database Nexia International Tax Conference 2014 - Hong Kong

31. ONGOING SUPPORT Nexia International Tax Conference 2014 - Hong Kong -32 countries -17 aspects for each country

32. ONGOING SUPPORT Tax Director (Tax) Special Interest Groups Taxlink Website tools: -Tax contact search -Tax article search -The European Holding Company analysis - a unique quality publication -Cross-border database Nexia International Tax Conference 2014 - Hong Kong

33. Nexia Tax Committee - 2014 EMEA John Voyez (UK) Robert Langston (UK) Chris Leenders (The Netherlands) Asia/Pacific Lam Fong Kiew (Singapore) North & Central America Jonathan Bicher (Canada) Tim Ross (US) South America Diego Bonomi (Uruguay) Chair: Jim Wall Nexia International Tax Conference 2014 - Hong Kong ONGOING SUPPORT

34. EU VAT rates 2013 (with corporate tax rates in red) brackets) Austria20%(25%) Belgium21%(33.9%) Bulgaria20%(10%) Croatia25%(20%) Cyprus18%(12.5%) Czech Republic21%(19%) Denmark25%(25%) Estonia20%(21%) Finland24%(24.5%) France20%(33.33%) Germany19%(29.55%) Greece23%(26%) Hungary27%(19%) Ireland23%(12.5%) Average EU VAT rate 20.36% (22.85%) Italy21%(31.4%) Latvia21%(15%) Lithuania21%(15%) Luxembourg15%(29.22%) Malta18%(35%) Netherlands21%(25%) Poland23%(23%) Portugal23%(25%) Romania24%(16%) Slovak Republic20%(23%) Slovenia20%(17%) Spain21%(30%) Sweden25%(22%) UK20%(23%) Nexia International Tax Conference 2014 - Hong Kong And Finally

35. EU VAT Plan for Indirect Taxes as well as direct taxes Penalty regimes are getting tougher Most overseas companies doing business in the EU should register for VAT. Only 450 have – unfair competition for your clients? Similar compliance problems in other regions? Nexia International Tax Conference 2014 - Hong Kong And Finally

36. IN SUMMARY, DON’T FORGET Tax Training Course: 10-12 July, the Netherlands GMTS Conference: 17–18 September, Prague International Tax Conference: End May/Early June 2015, Copenhagen VAT Nexia International Tax Conference 2014 - Hong Kong NEXIA TAX UPDATE

37. Any Questions? Nexia International Tax Conference 2014 - Hong Kong NEXIA TAX UPDATE

38. THANK YOU Mike Adams D: +44 (0) 20 7631 9712 M: +44 (0) 7966 534 857 mike.adams@nexia.com Nexia International Tax Conference 2014 - Hong Kong