Novella De Renzo

Partner, Tax, PwC United Kingdom

I’ve worked in PwC’s Deals Tax Team since 2016, becoming a Partner in July 2018. My previous roles include experience within businesses undergoing major acquisition, divestment and restructuring.

What comes through loud and clear from all this work is just how critical tax is to the successful delivery of deal value creation. While this has always been the case, a combination of once in a generation tax reforms and increased public scrutiny over some forms of tax planning mean that tax has to be built into planning and execution from the outset.

That’s why I work so closely with clients and my colleagues in PwC’s Value Creation in Deals team through all stages of the transaction, from initial planning through to post-deal integration. My contribution focuses on how to align tax strategies with business objectives, manage the risks and ensure the transaction delivers the full value potential.

Given the impact of developments such as the OECD’s BEPS Actions, the key questions I face in my work don’t just centre on tax, but also the implications for the operations and structure of the business. While deals are clearly challenging, they also provide an opportunity to bring transfer pricing and organisational structures in line with developments in the strategy and operational focus of the business.

I love what I do, working with clients to help them make the most of the deal opportunities. And having become a Partner at such a pivotal time, means I’m hugely excited about this next stage of my career journey.