Dr John M Wells is the US and Americas leader of Deloitte Tax LLP's Transfer Pricing practice and the Global Transfer Pricing Leader for Deloitte's Oil & Gas Industry. John has served clients across the industry spectrum, including Fortune 500 companies in chemicals, energy, engineering, manufacturing, retail, software, transportation, and telecom. He is a lead advisor for taxpayers needing to address potential exposures arising from the OECD's BEPS initiatives and local country tax reforms.
John has extensive valuation experience across a unique range of intangibles and industries including processes, patents, technology, and knowhow, associated with testing/calibration equipment, bolometers, application specific integrated circuits, micro-electro-mechanical sensors, military grade thermal imaging cameras, wafer level packaging, avionics equipment, photovoltaic solar panels, telecommunications equipment, gas and wind turbines, medical devices, drilling systems, top drive motors, drilling rig designs, ultra-deepwater exploration equipment, enhanced oil recovery techniques, down-hole and wireline tools, and poultry genetic lines; chemical compounds and processes for carbon capture of methane emissions, fluid and hydro-cracking catalysts, flame retardants, biofuels, dyes, polymeric MDI, acetic acid, polyolefin, polyethylene, and aromatics; software algorithms for eCommerce, seismic imaging, gaming, GDS and revenue integrity, and scene-based non-uniformity correction. He has valued trademarks and marketing intangibles for companies in retail, consumer products, energy, electronics manufacturing, chemical and industrial products, liquor and distilled spirits, eCommerce, and hospitality.
John is often sought after to speak on transfer pricing topics, including teaching at the International Bureau of Fiscal Documentation, CITE, TEI, the International Association of Drilling Contractors, American Petroleum Institute, and has testified in front of the World Bank and IMF. He has performed the economic analyses used in Advance Pricing Agreements with more than 10 countries. He has represented taxpayers in transfer pricing disputes with tax authorities in 7 countries and served as an expert witness in cases with the IRS and several US state tax authorities.
Prior to joining Deloitte, Dr Wells was the lead economists for the Global Energy and Natural Resources sector of another Big 4 firm, and an economic advisor to the Kuwait Government. Dr Wells was also on the faculty of Auburn University, where he taught PhD-level courses in time-series analysis, macroeconomics and international finance. He has numerous publications and refereed for the American Economic Review, Economic Inquiry, and other economic journals. He received his PhD in Economics from Texas A&M University.