Kathleen Gaber and Gregory Wright, Principals of Masuda, Funai, Eifert & Mitchell, Ltd. recently traveled to Madrid to attend the Worldwide Conference of the firm’s international alliance of independent accounting and law firms. The conference was held October 23-26, 2019 and marked the alliance’s 40th anniversary. Professionals in global practice groups focused on sharing knowledge and developing joint capability and new opportunities in areas including M&A, International Tax, Real Estate, Audit, International Private Wealth, Global Mobility, Business Law and VAT/Indirect Tax.
Conference highlights included Declan Curry, the former business presenter on BBC One’s Breakfast TV, leading a panel discussion that explored business, economic and political issues such as Brexit, the impact of the China/US trade war on supply chains, slowed growth in Europe and China, and recessionary fears in the US and Hong Kong. Kathleen Gaber was a panelist and the conclusions of the panel were that we live in a time of uncertainty, growing protectionism and regulations sometimes getting in the way of business.
Local experts Luis Alvarez from Spain’s Ministry for the Economy & Business and Maria Jesus Fernandez, Executive Director at ICEX-Invest in Spain, explained that Spain is very much open for business. The country has a competitive corporate tax rate of 25%, GDP growth of 2.1% (projected), a thriving international M&A market with deals valued at over €107,400 million in 2018, and Foreign Direct Investment flows at record highs of €55,300 million (2018). The energy sector, particularly renewables, was highlighted as a particularly attractive opportunity for foreign investors.
HR and marketing focused presentations also ensured our representatives are more informed about how the firm can ensure it is positioned as a compelling employer to the accountants and lawyers of tomorrow. Practical ideas were shared on how to build a high-performing leadership culture at the firm and why professional firms must invest in their brand to safeguard their future success.
To find out more about how Masuda, Funai, Eifert & Mitchell, Ltd. can provide professional advisory support to clients doing business in different markets around the world, please contact Kathleen Gaber at 847-734-8811 or Gregory Wright at 312-245-7500 or visit our website www.masudafunai.com.