Taxand expands network into Hungary
Taxand, the world’s largest independent global network of specialist tax advisors to multinational businesses, today welcomes[private] Gobert, Fest & Partners Attorneys and Tax advisors as its exclusive member firm for Hungary. The addition of this firm means that Taxand is now represented in 48 countries, compounding the network’s strength in offering a truly independent global tax advisory service.
Hungary’s tight macroeconomic policy following the International Monetary Fund’s programme and its initial success at reining in expenditure growth, have boosted investor confidence in the country. With a strengthened exchange rate and a series of interest rate cuts from mid-2009, more and more multinationals are looking at Hungary as an attractive place to operate. Consequently, quality tax advice from independent tax specialists is increasingly in demand.
Gobert, Fest & Partners is one of the biggest international business law firms in Hungary with a tax advisory team. The firm was founded in 2002 after a spin-off from one of the largest law firms in Hungary and a “Big 4” tax and accounting firm. The firm provides tax and legal advice in all fields of business law and international cross-border transactions. The expanding tax practice is led by Lilla Stricca and employs 4 tax advisors. The firm’s multi-disciplinary approach gives it a solid footing from which to offer quality advice to multinational businesses.
Frédéric Donnedieu de Vabres, Chairman of Taxand, said:
“We are delighted to welcome Gobert, Fest & Partners to our Taxand world. As CEE and Hungary in particular, has been attracting the investment of more and more multinational companies, client demand has risen for the high quality, independent tax advice that Taxanders deliver. Gobert, Fest & Partners take an entrepreneurial and proactive approach to cross-border tax advice which fits well with our culture – we are very much looking forward to working together”.
Dr. Arne Gobert, Managing Partner of Gobert, Fest & Partners, said:
““We are very pleased to be joining Taxand – our firm’s dedication to providing high quality tax advice fits well with Taxand and we are excited about developing both our local and international services. Being a part of Taxand provides a positive differentiation from other Hungarian tax and legal firms and we look forward to strengthening our multidisciplinary business offering as a result.”[/private]