Sunny days for weather forecasting service
Shortly after the new CFO joined this family-owned business in the media industry, he determined that the quality of advice that the company was receiving was not helping the company reach its goals. Having formed a strong, positive relationship with PwC while at his former company, the CFO reached out to us again.
What we did
Our cross line of service team held a discovery meeting with ownership and executives to develop a thorough understanding of the company. Select professionals from our international tax desk advised on this initial work. We helped the company understand the business and tax nuances of each country they had targeted for growth. We further advised on efficient tax structures and joint-business relationship issues and opportunities in non-US markets.
The company's full-service provider, PwC continues to provide corporate audit and tax services as well as personal tax consulting to the owners. The company is well prepared as it explores new markets and stands poised to achieve its growth goals.
Optimizing an acquisition in the US
A multinational industrial products company that was a leader in providing protective solutions had been a longtime PwC tax client in their home country. Seeking to conduct an acquisition in the US, the multinational engaged PwC US for help in evaluating an acquisition target.
What we did
PwC provided financial and tax due diligence, and brought in tax professionals to identify tax exposures, and to evaluate how the deal should be structured so that our client could achieve maximum tax benefits.
Our work led to us helping our client consummate the acquisition. We then expanded our tax team to include international tax experts to assist with structuring the transaction through debt to enable the multinational to maximize their US tax benefits. We provided further tax optimization by uncovering an unrelated tax-deductible asset that resulted in an immediate cash tax savings of $1.5 million for our client.