SOX News

Duff & Phelps Announces Formation of Strategic Tax Advisory Services Practice

(Aprl 17, 2008)-- Duff & Phelps Corporation, provider of independent financial advisory and investment banking services, announced the formation of its Strategic Tax Advisory Services practice. The practice will be co-led by new Managing Directors Joseph Schmidt and Catherine Hunter.

Gerry Creagh, President of Duff & Phelps, said, "In the current market environment companies are increasingly seeking opportunities to generate tax savings. Our Strategic Tax Advisory professionals take a holistic approach to proactively identifying and documenting tax benefits associated with new asset construction."

The Strategic Tax Advisory Services practice provides advice on procurement processes related to capital investments captured within a company's supply chain. The new practice consists of a multidisciplinary team focused on optimizing the net present value of capital investments through property tax savings, business incentives, sales and use tax credits and reductions in federal and state income tax. In addition to ensuring appropriate assessments are made, these services help companies mitigate tax audit exposure, improve compliance with Sarbanes Oxley and enhance stakeholder value.

Schmidt joins the firm's Atlanta office from Deloitte Tax LLP, where he was Tax Director and a member of Deloitte's National and Multistate Restructuring practice. Schmidt led the development of Deloitte's transaction tax procurement initiative and helped to form Deloitte's national multistate energy group. With over 30 years of experience, Schmidt has demonstrated expertise in multistate income, franchise and sales and use tax with an emphasis on affirmative direct and indirect tax planning through the use of corporate structuring or restructuring.

Share or bookmarklet this web page at: