John Neighbour joins KPMG UK from OECD
John Neighbour, former head of the Tax Treaty, Transfer Pricing and Financial Transactions Division at the OECD and a global authority on financial services transfer pricing, is joining KPMG’s Global Transfer Pricing Services division as a partner in its London office.
He will join KPMG’s team advising the financial services sector on transfer pricing issues.
In his nine years at the OECD, and subsequently with HM Revenue and Customs, John Neighbour has led the teams drafting and implementing transfer pricing guidelines for the financial services and e-commerce sectors. He is a widely published international authority on taxation of global trading in financial instruments, profit attribution and arms length transfer pricing.
Chas North, head of Global Transfer Pricing Services for KPMG UK said, “Our financial services clients are attracting more and more scrutiny from the tax authorities. The opportunity to add John Neighbour to our team was one we could not miss. His unrivalled knowledge of the thinking and principles behind so much financial services transfer pricing legislation will allow us to offer our clients a unique insight.”
John Neighbour said, “Financial services, and the banking sector in particular, is the next major area of commerce to be scrutinised by tax authorities. The rules that banks are required to follow are intended to ensure a fair tax take from the sector. But clearly there will be many areas in which banks will need help, developing, implementing, and defending their policies. I’m looking forward to working with KPMG’s clients to help them reach their optimum solutions.”