I’m sure we all remember the heady days of FATCA. The US Dept. of Treasury had been wrestling with how to identify US persons who held assets abroad and may owe them tax, and rather than trying to reach around the world and identify the perpetrators themselves, they decided to get the global banking family to do it for them. Clearly the tens of millions of £/$/€ was not invested by banks voluntarily – it was done because the US threatened the withholding of 30% of US$ transaction, a big stick indeed for any financial entity hoping to operate globally.
P2 Consulting was started by a group of award winning consultants who recognised the opportunity to build a global consultancy firm that had clients’ needs at its heart. We understand the challenges clients face – the pace of globalisation, technology change and increasing regulation – and the pressure they are under to respond to these changes rapidly and efficiently.