19 Jan 2016 | 08:58 am | 1 min. read
International law firm Pinsent Masons has further boosted its international tax practice, with the hire of Valerie Wu as partner in the firm's Singapore office.
Working closely with Pinsent Masons’ market-leading Tax Investigations team, Valerie will build a tax practice in Singapore and lead the firm’s Tax and Private Wealth offering in Asia.
Valerie specialises in tax, trust and fund work, particularly in the context of private wealth transfer and succession planning matters in Asia Pacific. She joins from Rothschild Trust Group where she was an Asia based Senior Wealth Planner. Prior to that she spent 15 years in private practice as a tax and trust lawyer, including as a Partner at Lee & Lee / Hogan Lovells Lee & Lee.
Ian Laing, head of Asia at Pinsent Masons said: “Valerie’s arrival at Pinsent Masons underlines the firm’s continued growth in Asia. Singapore’s significance as a regional financial centre and Pinsent Masons’ international experience and local presence puts the firm in the best possible position to help clients looking to Asia for opportunities.”
Jason Collins, head of the tax team at Pinsent Masons, added: “Following Valerie’s arrival Pinsent Masons will have a tax presence in all the major geographies in which the firm operates, including in the Gulf through the recent hire of Ian Anderson. Valerie’s hire further demonstrates Pinsent Masons' commitment to being a "one stop shop" for all tax services. We are seeing a lot of opportunities in Singapore and these are set to grow further as financial services businesses prepare for the OECD’s Common Reporting Standard which comes into effect on 1 January 2017 - and all multinational businesses adjust to the new realities of Country By Country Reporting and closer cooperation between tax authorities.”
Valerie’s appointment is the latest in a string of significant hires for Pinsent Masons’ international tax team. Last year the firm announced the appointment of Franck Lagorce in Paris, Ian Anderson in Doha, Werner Geisselmeier in Munich and Matthew Taylor in London.
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International law firm Pinsent Masons has further enhanced its commercial litigation, regulatory and tax litigation practice with the appointment of Andrew Sackey as a contentious tax partner in its London office. Andrew will work with clients across each of the firm's five key global sectors – Energy, Infrastructure, Financial Services, Real Estate and Advanced Manufacturing & Technology.
HMRC made 540 requests to overseas authorities for information on UK taxpayers last year, an increase of 24% on the previous year, as it intensifies its crackdown on hidden offshore assets, says Pinsent Masons, the international law firm.
HMRC collected £9.8 billion in extra revenue through tax investigations into the UK’s 2,000 largest businesses last year, up 12% from £8.7 billion in 2017/18 (source HMRC), says Pinsent Masons, the international law firm.
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