15+ of experience in operating model transformations and transfer pricing
Advises organisations undergoing operating model transformations on how to achieve operational objectives while driving incremental tax benefits
London
@alvarezmarsal
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Charles Waite is a Senior Director with Alvarez & Marsal Tax U.K. in London. He brings more than 15 years of experience in operating model transformations and transfer pricing. He has worked with clients across a wide range of industries including consumer products, chemicals, oil and gas, mining and agri-business.
Mr. Waite has spent most of his career working with organisations undergoing operating model transformations and assisting them on how to achieve operational objectives while driving incremental tax benefits. Specifically, this includes implementation of category management procurement teams, regional and global supply chain teams, regional commercial hubs and global R&D management teams. Most recently, Mr. Waite has been focusing on working with private equity companies to support the value creation initiatives for portfolio companies.
Prior to joining A&M, Mr. Waite spent seven years with EY in London, where he was part of a multi-discipline team that provided an integrated solution to operating model transformations. In this role, he acted as both a project integrator and as a subject matter expert for transfer pricing issues. Previously, Mr. Waite held a similar role for seven years at KPMG London.
Mr. Waite earned a bachelor’s degree in finance and economics from Edith Cowan University in Western Australia.
In March this year, HM Revenue & Customs (HMRC) opened a consultation on the U.K.’s transfer pricing documentation requirements. The consultation seeks input for updating the U.K.’s transfer pricing documentation requirements and requests possible options and design ideas that could benefit U.K. business and HMRC.
Latest insightsThe latest insights from Charles Waite's team
In many M&A share transactions, tax losses may represent significant hidden value. But that value depends particularly on two key questions: Can the tax losses survive the transaction and can the parties mutually agree on a business plan substantiating the future usage of the potentially surviving tax losses? Our article outlines how jurisdiction-specific rules — especially Germany’s strict change-in-ownership regime — affect the usability of tax losses post-closing, whether tax losses can provide a shelter for historic tax risks and why tax losses impact purchase price negotiations.
