Giles Hillman, Deloitte UK, is a partner in the London office, and a member of the Global Transfer Pricing team. He joined Deloitte in 2003, having previously spent 13 years with another Big Four firm.
Giles has specialized in providing advice to financial sector clients since 1992. He now concentrates exclusively in providing transfer pricing advice to clients in this sector. Giles has helped clients develop transfer pricing solutions for diverse product lines and has helped clients with advance pricing agreement (APA) applications. He has considerable experience in the area of branch profit attribution and was a delegate at the 2002, 2004, and 2006 OECD conferences, where the OECD discussion drafts on the attribution of profits to permanent establishments were discussed by representatives of the tax authorities from the OECD countries, industry bodies, and other interested parties.
Recent projects include:
- Working (as part of a global Deloitte team) with a US-headquartered group on a multilateral APA application (and associated UK/US competent authority proceedings) that addressed how to attribute profits to the US entity's overseas branches using OECD principles
- Working with a US-headquartered investment bank to develop transfer pricing policies and put in place UK-compliant transfer pricing documentation across all business lines, including addressing global trading issues
- Advising banks, insurers, and asset managers on the UK's Diverted Profits Tax
- Assisting global insurance groups on transfer pricing matters, including related-party insurance
- Advising a European bank on its competent authority proceedings with respect to the attribution of profits to its UK branch
- Working with a US-based asset manager to revise its existing transfer pricing policy and agree that revised approach with the UK tax authorities
- Working with US-headquartered hedge fund managers to develop appropriate transfer pricing policies and produce transfer pricing documentation to support those policies
- Advising UK- and US-based private equity fund managers on transfer pricing issues
Giles graduated with first-class honours from Durham University in 1988. He joined KPMG as a corporate tax trainee in 1990 and qualified as a chartered tax adviser in 1992.
Giles speaks English and German.