In order to compete in the global financial market, not only is knowledge of the Japanese taxation system imperative, but knowledge of the overseas tax regimes in the financial industry is also required. In order to advise on complicated financial products traded in the financial markets, tax advisors who have specialized focus, expertise and training in financial services are imperative for successful tax planning. There is also an increased need for tax experts in the real estate market and finance market particularly in the structuring of these business lines and analyzing the tax risks associated with such structures.
PricewaterhouseCoopers (PwC) has over 80 professional staff specializing in taxation in the financial services industry who provides high-quality domestic and overseas consulting services with the cooperation of overseas PwC offices and our Assurance and Advisory practices in Japan.
Recently, corporate acquisitions and business recoveries by foreign-affiliated funds are actively being conducted in Japan. Corporate recovery funds for the rehabilitation of domestic companies’ businesses by Japanese financial institutions are also becoming common.
Since the tax treatment largely depends on the recovery method elected by companies, careful tax planning in order to reduce tax costs for creditors, debtors and sponsors is an important factor for the success of the business recovery plan.
We provide consulting services to both domestic and foreign-affiliated financial institutions advising on the most suitable business recovery method including corporate spin-offs, establishment of funds, and due diligence, in order to achieve increased tax efficiency.