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Tax @ KPMG

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© 2014 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. NDPPS 287851

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Tax @ KPMG | 1

The Modern Tax Professional:

To help clients manage today’s changing world of tax, modern tax professionals at KPMG member firms are forward thinking, possess a global mindset and are value adding. These are people who are specialists in their field and who are Passionate about delivering a different type of tax advice, providing clear solutions to client challenges, and turning knowledge into value.

Who Is the Modern Tax Professional?

Here’s what some of our top performers have to say: The key to being a modern tax professional at KPMG is being someone who is enthusiastic, who likes a challenge, and who helps clients cut through the complexity.

The modern tax professional manages not only the work but also the relationship with the client.

A modern tax professional at KPMG means being able to see the client’s big picture and understanding how tax fits within their vision.

Modern tax professionals today are required to not only posses technical skills but also easily adapt to changing business environments.

Modern tax professionals provide a range of advice and services to clients, it’s not just tax returns.

Often times, our clients are operating in multijurisdictions and have complex issues beyond tax. They are looking for not only sound tax advice but also for us to consider business opportunities they may not have considered. There are a number of business changes happening that are directly affecting tax and compliance, which requires people to have a really good understanding of not just the tax issues but also the business issues.

You have to anticipate your client’s needs and work with the client to understand exactly what their objectives are – not just from a tax point of view but from the point of view of their business as a whole.

Large organizations are demanding that commercial acumen in a tax professional, and that means thinking about stakeholders and its thinking about the impact on the business.

The client wants to hear from you. They want to hear your insight, they want to hear your advice, and you can tell that you’re actually helping them, you’re making a difference.

The world of tax is constantly changing. More than ever before, tax is

playing a vital role in shaping political and business agendas as the world

faces rapid globalization and increased competition. In this new world of

tax, clients rely on KPMG LLP (KPMG) to help them achieve competitive

advantage. KPMG’s modern tax professionals are equipped to decisively

deliver new ways of thinking, big-picture perspectives and acute insights that

help clients make informed choices with confidence.

“We are making a significant investment in our people

to help them grow and develop at KPMG Tax.”

Skip Robichaux, Tax Partner and People Leader

Tax @ KPMG | 1

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Such deep analytical competencies are critical in the areas of transfer pricing, valuation, and economic analysis. KPMG is the only Big Four firm that incorporates these capabilities into a single practice—Economic & Valuation Services (EVS)—allowing our professionals to deliver a broad set of services to help our clients succeed in the ever-changing global marketplace.

As one of the leading providers of the following services, KPMG’s EVS practice helps clients make forward-thinking decisions about strategy, operations, and compliance to create long-lasting value.

EVS

Organizations often require advanced analytical services to support business strategy,

operational changes, and financial and tax planning and compliance.

Transfer Pricing Services

In an increasingly global business environment, many multinationals see national borders as less and less of an impediment to conducting business. In response, many fiscal authorities appear to be defending their national tax bases more vigorously with detailed transfer pricing regulations, strict documentation requirements, sophisticated audit practices, and significant penalties for noncompliance. Transfer pricing has, therefore, become a vitally important issue for many global companies.

Valuation Services

Companies face many valuation-related issues in today’s complex, highly regulated environment. To help address these issues, EVS’s Valuation Services professionals value businesses, joint ventures, and equity interests as well as specific tangible and intangible assets such as trade names, patents, customer relationships, machinery and equipment, inventory, real estate, and financial instruments.

Economic Services

EVS’s Economic Services professionals can provide the advanced economic and statistical insights to help both private and public sector clients quantify expected risks, analyze potential costs and benefits, evaluate alternatives, and develop defensible quantitative measures for decision making or controversy matters.

Degrees that may be considered include:

• Bachelor’s and/or master’s degree in finance, economics, mathematics, financial engineering or other related liberal art degrees

• MBA

• PhD in economics

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Tax @ KPMG | 3

Faced with complex market issues such as governance and risk management, sustaining performance, and maintaining liquidity, business leaders are challenged to make critical decisions on a daily basis. At the same time, they are expected to continue identifying future growth opportunities.

KPMG’s Federal Tax professionals can help by providing companies with a broad range of capabilities. Among these are:

• Tax Compliance and Consulting Services. Through our full-service delivery approach, our professionals can help businesses act in accordance with the rules and regulations related to federal, state, and local income and franchise taxes. Services include tax compliance services, day-to-day tax consulting services, tax provision services, and tax co-sourcing services.

• Accounting Methods and Credit Services. Our team is comprised of national and regional tax professionals who provide services in identifying and optimizing tax credits opportunities, identifying value and mitigating risks relating to client fixed asset investments and achieving tax efficiencies with respect to specific accounting methods opportunities.

• Federal Legislative and Regulatory Services. Our Washington National Tax practice serves as a resource for clients and KPMG professionals in resolving complex tax issues in connection with business decisions in a wide range of areas. This group’s services include analysis of pending and proposed legislation; preparation and coordination of proposals, testimony, and other legislative documents; formation of industry coalitions; and briefings and discussions to keep clients current on legislative and regulatory developments.

• Tax Technology and Transformation. We help companies transform insight into impact by improving their tax operations through strategy and resource alignment, improved processes and technology, and better communication.

• Global Tax Transformation Services. KPMG Tax

Transformation professionals help our clients’ tax departments operate more efficiently and effectively. Our team brings tangible benefits to our clients and enhances the reputation of our clients’ tax departments within their organizations.

• Development and Exempt Organizations. The not-for-profit sector is undergoing tremendous change due to increasing globalization, heath care reform, and technological innovation, among other factors. These far reaching changes present both opportunities and challenges for our clients in this space, and KPMG has been responding decisively through such moves as the creation of a global network that serves nongovernmental organizations (NGO), a leading Center of Excellence, and the establishment of healthcare and government strategic priorities. To support the sector with its priorities and to continue to help not-for-profits navigate changing times, both at home and abroad, the Development and Exempt Organization (DEO) practice provides an integrated, holistic approach to help client’s understand operational issues, identify and address current gaps, and reduce risk managing your organization as it works to fulfill its mission in the exempt healthcare, higher education, development and government, NGO, and commercial sectors.

• Tax Controversy Services. Our professionals help companies understand, anticipate and strategically respond to the Internal Revenue Service (IRS), from the beginning of a controversy to its final resolution. Primary services include IRS exam consulting and appeals assistance, alternative dispute resolution, and interest computation assistance.

Federal Tax

KPMG provides tax consulting and compliance services for corporations, partnerships, trusts,

and individuals to help them comply with federal tax obligations. Attuned to the latest IRS rules

and regulations, KPMG professionals help clients improve their business operations by providing

knowledge and technology-based tools to enhance tax reporting.

• Master’s degree in accounting or taxation JD, LLM in taxation

• CPA eligible – 150 hours

• Bachelor’s degree in non-150 credit hour states only

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International Tax

What’s more, tax executives at these companies are often challenged on many fronts simultaneously and are faced with shorter decision time frames. Examples include:

• Ensuring that tax planning remains appropriate given changes in business operations and consistent with the company’s culture

• Keeping track of frequent changes in tax law in multiple jurisdictions

• Growing compliance and internal control requirements

• Greater scrutiny of tax decisions by an increasing range of regulators.

KPMG’s International Tax professionals, with deep technical knowledge and practical experience you can trust, can help you seize tax opportunities and avoid pitfalls. Our understanding of tax and trade law and changing business conditions in jurisdictions around the world allows us to provide specialized services to support our clients’ international and cross-border activities. Our services are offered across three broad areas:

• International Corporate Tax Services – KPMG’s professionals help companies manage the complexities of multiple tax systems and international regulations around the world. We provide an array of international tax planning, consulting, and compliance services to corporations ranging from enterprises just beginning to invest internationally to FORTUNE 250 companies and their international equivalents.

• International Corporate Tax Services for Alternative Investments – KPMG’s International Tax practice helps AI entities manage the complexities of multiple tax systems and international regulations. We provide an array of international tax services to AI funds, managers, and investors to help them achieve cross-border tax efficiencies, mitigate cross-border tax risks, and meet international tax compliance requirements.

• Trade & Customs Services – With our presence in more than 60 countries, the knowledgeable professionals in KPMG’s Trade & Customs Services practice can help your company reduce costs, improve efficiency, and mitigate risk issues related to engaging in cross-border business. We have the experience to help implement the processes and approaches that may boost your competitive advantage in the marketplace.

KPMG’s International Tax professionals are committed to helping companies achieve tax efficiency

in their international operations, including advising on both inbound and outbound transaction

perspectives. Handling taxes today can be one of the most daunting, complex business issues a

multinational enterprise faces. Fundamental business decisions—where to locate, choice of entity,

how to finance global operations—can have a critical impact on a multinational’s tax risk profile, global

effective tax rate and cash tax exposure.

• Master’s in accounting or taxation

• JD, LLM in taxation

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Tax @ KPMG | 5

The pressure to compete effectively has led many organizations to constantly evaluate the size, scope and skills of their global workforce – placing greater demands on international human resources teams. Additionally, compensation, tax compliance requirements, and global mobility are ever-more costly, complex, and time consuming when managed on an international scale. With our experience and international presence, KPMG’s International Executive Services (IES) professionals help global companies better manage their international mobile workforce—by thinking beyond the present and beyond borders.

In addition to providing extensive global tax compliance, advisory, and administrative services, KPMG can support your mobility assignment program with a global network of specialized professionals and a suite of technology-based tools. For organizations considering expansion into a new location, acquisitions, mergers, or downsizing, IES also can offer professional advice and guidance on related issues affecting an expatriate workforce.

Services provided include the following:

• Global Mobility Risk Management – KPMG professionals provide tax advice for traditional long-term and short-term mobility programs, as well as international business travel.

• International Tax Consulting and Compliance – This includes preparing individual tax returns for our firms’ clients’ international assignees, and assisting with the complete compliance cycle.

– Tax lifecycle – see the process from start to finish: tax counseling sessions, cost projections for potential assignments, projects throughout the year for the client (cost savings, accruals); individual tax returns for international assignees – Client-facing work, even as an associate

– Extensive research regarding international tax structures and policies; tax treaties between countries (specifically in regards to expatriate transfers).

• Global Mobility Advisory – KPMG conducts surveys of various international assignment programs so that an organization can benchmark its global assignment policies.

• Technology – KPMG LINK – KPMG’s Web-based service-related tools can help clients address their program management process through supporting services related to tax compliance management, compensation collection, cost projection/financial modeling, and international assignment program management.

• Employment Tax – Assist companies in identifying payroll and unemployment tax issues.

KPMG’s International Executive Services (IES) professionals help companies manage the complexities

of their globally mobile workforces. We can provide a single source that addresses potential international

assignment business needs.

IES

• Bachelor’s or master’s degree in accounting, finance, or business administration

• Bachelor’s degree in human resources (HR)

• Bachelor’s degree in international business

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KPMG’s Mergers & Acquisitions Tax Services Delivering on the needs of our clients

Every transaction has tax implications. Whether you are contemplating an acquisition, disposition, merger, or restructuring, understanding and planning for these implications can mitigate transaction risks and enhance opportunities. The Mergers and Acquisitions (M&A) Tax practice assists clients by creating tax efficiencies throughout the life cycle of a client’s business. KPMG’s M&A Tax services include the following offerings, among others:

• Tax Structuring Consulting to determine and shape the immediate and long-term tax impact of a client’s acquisitions and dispositions

• Tax Due Diligence to apprise clients of the potential risks and benefits associated with a specific transaction

• Post-Transaction Tax Integration Services to determine the most tax-efficient way to combine the target and acquirer following the transaction

• Partnerships and Joint Ventures Tax Consulting to address the complexities and benefits of using partnerships in acquisitions and existing structures

• Tax Restructuring Services for Troubled Companies to assist clients at virtually every phase of difficulty, including debt negotiations, layoffs and shutdowns, bankruptcy petitions, and liquidations

• Tax Attribute Studies including section 382 studies to help clients determine the proper use of tax attributes such as net operating losses

• A full range of other services including earnings and profits analysis, stock-basis studies, transaction and bankruptcy cost analyses, and income tax provision advisory services.

KPMG’s Mergers and Acquisitions (M&A) Tax partners and professionals combine a global

perspective with knowledge of local tax laws so we can help both corporate and private equity

investors identify and realize the tax benefits of their merger, acquisition, joint venture or other

strategic transaction.

M&A

• CPA eligible

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Tax @ KPMG | 7

SALT

While many leading economists believe the overall U.S. economy is beginning to improve, individual state finances may lag behind for some time. As a result, states continue to seek new revenue streams, and are more aggressive than ever before in enforcing compliance and assessing penalties for noncompliance.

What’s more, state tax laws are not consistent across states and legislation is in a constant state of change. How can your business stay up to speed with these complexities and risk issues?

One answer is careful, proactive tax planning with the assistance of knowledgeable and seasoned state and local tax practitioners, such as KPMG LLP’s State and Local Tax (SALT) professionals.

In addition, our depth of experience and breadth of resources extend beyond U.S. borders as we work with KPMG International’s member firms to assist global corporations that are expanding, or considering expansion, into the U.S. market.

As a result, we’re able to work across functions and across state lines to provide our clients with the tax guidance they need in such areas as income and franchise tax, indirect tax, and credits and incentives.

Services provided include the following:

• Income and Franchise Tax – KPMG professionals help clients manage the complexities of nexus, apportionment, tax base, income classification and filing options.

– Services include: Income tax compliance, state amended returns, provision review, apportionment analysis, controversy, nexus analysis and voluntary disclosure, restructuring, and tax planning

• U.S. Indirect Tax – Well-versed in multistate issues that affect both U.S.-headquartered and non-U.S.-headquartered

companies, KPMG professionals assist with sales tax compliance, recovery of overpayments, state audit defense, transaction tax systems, and more.

– Services include: Sales tax compliance, recovery of overpayments, state audit defense, transaction tax systems, exemption certificate compliance, voluntary disclosure services, sales and use outsourcing, indirect and value-added tax (VAT) services, and unclaimed property services.

• Global Location and Expansion – KPMG’s Global Location and Expansion Services (GLES) group was created to help companies locate and establish new operations around the

world. From manufacturing to distribution, R&D to shared services, our professionals have experience across all types of operations and sectors.

• State Tax Resource Network – KPMG network of

professionals that provides tax insights and guidance to help address tax issues.

KPMG’s State and Local Tax (SALT) professionals offer our clients a broad range of state and local

tax services related to the legislative, judicial, and regulatory tax landscape. Our national network

continually monitors the legislative, judicial, and regulatory tax landscape to keep our clients abreast

of new developments that may affect them.

• CPA eligible –150 hours

• Bachelor’s degree in non-150 credit hour states only

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