Summary
Overview
Work History
Education
Skills
Affiliations
Publications
Awards
Languages
Timeline
Generic
Liga E. Tyack

Liga E. Tyack

Seattle,Washington

Summary

Tax Consultant with extensive experience at Franklin Templeton Investments, Blackrock, Agilent, and PwC's Private Equity Team. Specializes in innovative tax strategies and compliance solutions, achieving significant tax savings and improved operational efficiencies. Demonstrated leadership in managing complex projects and building strong client relationships to deliver outstanding results.

Overview

15
15
years of professional experience

Work History

TAX CONSULTANT

RESOURCES GLOBAL PROFESSIONALS
01.2024 - Current
  • Tax Consultant (Domestic & International)– provide domestic and international tax compliance, provision and transfer pricing risk assessment services for US multinational corporations as a member of RGP’s global tax management consulting division.
  • Implement innovative tax processes, systems and new legislative rules.
  • Work with SAP / HANA, OneSource income Tax cloud-based technology in sync with corporate tax teams to prepare & review 5471s, E&P Adjustments, 1120s, FTC, Schedule Ms, GILTI / FDII & Transfer Pricing and support efficient global tax & finance operations.
  • Support 1120C and LLC Federal and State tax filings.
  • Oversee the accumulation, analysis, and processing of financial data in preparation for preparing multiple tax returns, forecasts, and financial accounting estimates related to tax.
  • Design & build SharePoint & SmartSheet tax platforms to enhance corporate tax team collaboration and promote tax operational efficiencies in a digital, cloud environment.
  • Ensure financial data integrity and optimize technology systems to support timely tax reporting in accordance with domestic & international regulatory frameworks.
  • Perform tax research and write memos to support tax positions.

Vice President: Tax & Accounting

T. S. BANKING GROUP
San Rafael, USA
01.2022 - 01.2024
  • Board Member & Strategic Team Leader of a Community Bank’s Consulting Team.
  • Lead a domestically dispersed U.S. tax, accounting/payroll and consulting team of 13 to grow a portfolio of value-added business structuring tax compliance and planning services to 3,000 high net wealth, small-and mid-size U.S. businesses, trusts and ranchers.
  • Monetize new tax products & services to support 10%+ annual revenue growth.
  • Manage division budget with 35-40% profit margins and declining expense ratios in a challenging community banking environment.
  • Built Variable Comp models to advise Senior Leadership Team.
  • Work closely with General Counsel & Executive Leadership to draft new agreements to build tax revenue focused on 1120C and 1065 Partnership returns.
  • Manage LLC members’ GAAp and tax capital assets to ensure property income (loss) allocations and K-1 reporting.
  • Provide strategic leadership, oversight and review of LLC partnership reporting for HNW and business clients.
  • Ensure source data integrity ties out to client tax returns.
  • Work closely with CFO to implement internal service cross-charges across vertical business units to build collaboration and client revenues across Wealth and Tax Consulting business units.
  • Co-Designed Internal SharePoint sites to support internal collaboration across wealth division business and scale up a digital environment and to prepare quarterly review of tax processes, including tax provision, annual audit processes, budgeting for CFO as well as memoranda and associated internal controls for Division President.
  • Led tax & business consulting team mentorship, technology improvements and team-wide goals to improve efficiency.
  • Reduced expense ration of our consulting division to below that of the company as a whole.
  • Specific projects include financial planning, creating tools to integrate wealth team operations across business units; data-driven tax & accounting tech improvements; post-M&A integration and team restructuring; business valuations; regulatory risk management, implementation of digitization plan to scale tax, accounting & consulting service applications.

Tax Consultant / Project Leader

PwC
, USA
01.2021 - 01.2022
  • Built and worked collaboratively with international corporate tax structuring teams globally, to create tax-advantaged, private equity partnership structures to support long-term, biotech investment in US and foreign markets.
  • Provide practical early-stage, value-added and integrated international tax, strategy, transfer pricing planning, operations, and growth strategies to create competitive after-tax advantage for private equity LLC investors.
  • Clients include private equity firms and their portfolio companies engaged in media, IT, AI, biotech and Fintech industry segments.
  • Specific projects include building ‘best-in-class’ private equity tax structures to incentivize 3rd party investment in start-up technologies and companies.
  • Supported M&A due diligence and pre- & post-merger restructuring; business and intangible valuations; design & implementation of tax-saving treasury operations (cash pooling); supply chain optimization and automation of finance operations for US and foreign headquartered private equity investment clients to maximize after-tax returns on investment.

Senior Economist, Senior Tax Manager

CROSS BORDER SOLUTIONS
Tarrytown, USA
01.2018 - 01.2020
  • Professional Tax Services Group (PSG): led talent development for 10 direct reports in hybrid (remote / in office) environment; led 120 multinational tax client engagements including 10 pharmaceutic, biotech and chemical manufacturing companies.
  • Nurtured long-term client relationships, created strategic risk-adjusted tax structures and transfer pricing, innovative valuation, modeling and technical analyses within country-specific tax regulatory frameworks for S&P 500 and middle market clients.
  • Support international sales and market development teams for a B-series funded, cloud-service SaaS firm with 200% annual growth.
  • Managed operating budget for Professional Tax Services Group.
  • Oversaw analysis, processing and integrity of financial data in preparation for tax returns, budgets, forecasts and financial accounting estimates for preparation of tax returns.
  • Individually led and closed more than $1.0 million in new and existing Client transfer pricing deals in first 9 months.
  • All deals include complex business/tax pricing optimization projects (Intangible Valuation, post-IBOR pricing of credit facilities, etc.), creation of new benchmark pricing policies, tax and financial audit defense, and incentive pricing models to support tax, financial, and business operations.
  • Lead a team of 10 Managers and Senior Analysts in applying global transfer pricing and tax statutes and methodologies to create financial models, audit-defensible economic benchmarks, and compliance reporting solutions for close to 100 multinational companies headquartered in the U.S. and globally.
  • Train and Mentor a team of 10 direct reports and team of 40 Professional Services Group Analysts and Managers to strengthen and nurture long-term client relationships, create defensible transfer pricing analyses and policies within OECD BEPS, UN and national tax regulatory frameworks and engage team members in new transfer pricing research topics to support pro-active audit defense solutions.
  • Generated more than $125 million in tax benefits for US multinational clients by creating, guiding execution and reviewing transfer pricing and valuation analyses to support complex financial transactions (back to back loans, guarantee fees, cash pools), IP valuations and to minimize the Impact of BEAT.
  • Develop IP and Business Valuation models and benchmark pricing solutions in a post IBOR environment for new and existing clients to support business development efforts of the Sales teams.

Diplomat / Honorary Consul

U.S. DEPARTMENT of STATE, OFFICE of FOREIGN MISSIONS
Washington, USA
01.2011 - 01.2020
  • Sole US-State Department and Latvian Ministry of Foreign Affairs commissioned Diplomat and Official Representative of the Republic of Latvia (EU, NATO and OECD Member Country) in the Norther California region.
  • Official member of the San Francisco 70-member Consular Corps.
  • Managed and hosted Presidential and Prime Minister Leadership delegations from Latvia and Baltic States of Lithuania and Estonia with US Federal and State Government and Private Sector Advanced Technology and Energy company leaders.
  • Created new VC opportunities for Baltic start-ups in the SF Bay area.
  • Led a partnership with Nordic Consul Generals in the SF Bay Area to host Baltic Energy Investment Meetings at the Hoover Institution (Stanford University) with US Department of Commerce and former US Heads of State.

Principal Economist and Founder

GLOBAL VENTURE ANALYTICS
San Francisco Bay Area, USA
01.2015 - 01.2018
  • Business consulting and intangible valuations, strategic risk-adjusted business and tax-regulatory pricing and tax IT systems solutions, financial restructuring, risk mitigation and operational support for Series A and B funding for developing financial services, high technology, life sciences and energy firms.
  • Managed a growing company budget and book of business totaling $2.25 million including inbound start-up technology firms, energy forums and government agencies based in the Nordic – Baltic – Eastern European region, providing executive level financial analyses, pricing / packaging and business advisory services in preparation for US-based VC and private equity funding.
  • Created business restructuring and financial planning analyses and incentive pricing policies to protect and re-invest rapid-scale profits for emerging companies with uncertain product revenue cycles and cash-flow.
  • Inclusive partnering with international legal firms and corporate and government executives to create Strategic pricing, financial accounting and compliance Policies, establish best-practice governance and implement SEC Regulatory standards required to support long-term business growth, efficient tax structures and trade and investment.
  • Negotiate strategic partnerships with major international law firms tax and corporate venture divisions to position non-US startup firms for rapid scale up funding opportunities with flat fee and equity-based compensation structures.
  • Developed new tax database for advanced technology database company to support international tax audits and controversy resolution.
  • Assisted in design & implementation of ERP Oracle conversion to SAP/HANA that ensured data integrity and implemented granular data requirements to finalize a five-year international Tax and Advanced Pricing Agreement for a multinational technology company.

Principal International Tax / Economist

DLA PIPER LLP
Palo Alto, USA
01.2014 - 01.2015
  • Worked closely with the Economist, Valuation, Innovation/Entrepreneurship and Energy Practice Groups to support global IP and business valuation, risk-adjusted pricing and restructuring projects for both start-up and major S&P 100 clients.
  • Refreshed probabilistic Intangible Valuation model to support corporate restructuring, intangible property sales and licensing arrangements for startup and emerging global firms as part of overall global corporate tax restructuring projects resulting in tax benefits of at least $50 million per client engagement.
  • Support development of tax strategies and advise corporate tax leaders of trends and changes in tax requirements and their impact on business planning.
  • Monitor, evaluation and analyze emerging tax trends and provide expertise on impact to multinational corporate client organization.
  • For example: Developed conceptual pricing for virtual manufacturing models so as to apply options and swap transactions; validate creation of a regional treasury center; and support overall value chain restructuring for a multinational S&P 500 firm with $180million in tax savings.
  • Led financial valuation strategy to support onboarding of in-bound international high technology startup firms and emerging market government energy affiliates with high value technology and energy assets with new business in excess of $1,5 million.

Director of International Tax / Transfer Pricing

FRANKLIN TEMPLETON INVESTMENTS
San Mateo, USA
01.2010 - 01.2014
  • Established Transfer Pricing and Institutional Account pricing methodologies, built an internal advisory team, and worked across the Finance, Legal and Business divisions to create minimum-risk, global financial and tax policies.
  • Innovated to build a global, internal Benchmark Pricing & Valuation Advisory Practice of 5 direct and 3 regional reports based in Asia Pacific, Latin America and Europe to support implementation, maintenance and defense of global pricing policies across 40 country jurisdictions with minimal budget.
  • Led financial policy, pricing and budget decisions in partnership with internal Finance Team with savings of $1.5 million annually.
  • Led development of budget, pricing strategy, audit defense and regulatory compliance across 40 countries.
  • Led negotiation disputes with US and foreign government regulatory authorities, in consideration of Competent Authority, Advanced Pricing Agreements and Mutual Agreement Procedures that saved $5.0 million over 5 years.
  • Prepared quarterly review tax processes, including tax provision, annual audit processes, required documentation and memoranda and associated internal controls domestically and internationally across finance by building a novel internal Microsoft Sharepoint platform.
  • Led a key CFO project to develop a unified global expense allocation model (leading the Tax-segment) to accurately allocate $100 million in high- and low-value services across multiple jurisdictions and business segments to support both transfer pricing and business budget requirements within an automated ERP framework.
  • Managed quarterly and annual financial reporting and FIN48 Uncertain Tax Provision of near $100 million, including preparation of analyses, updates and reporting to the Head of Tax and CFO for all international and domestic transfer pricing transactions and integration with overall quarterly Tax Provision to support 10-K, 10-Q filings.
  • Supported all international tax and transfer pricing strategies, advising leadership of trends in changes in tax requirements and impact on business planning.
  • Evaluated and modeled emerging international tax trends such as OECD tax trends including BEPS, Pillar One and Two and communicated outcomes to executive leadership.
  • Reported international tax updates on federal and international tax law changes to senior leadership and audit committee quarterly as required for review by external Big 4 audit firm.
  • Worked across departments — legal, accounting, payroll, marketing — and between entities and business divisions on structuring, information sharing and reporting opportunities for tax to build accretive value.
  • Managed external tax advisors and consultants for outsourced tax compliance and advisory services.
  • Created conceptual and operational Visual Basic Interface Software Program model, resulting in the firm’s competitive advantage that became the firm’s proprietary dynamic X-Share Vehicle Adjusted Fund of Fund Pricing Model to support the Multi Asset Strategies’ Product team and Institutional Distribution business expansion to accumulate $1.5 billion in new Assets Under Management (AUM).
  • Created and built conceptual value chain Phase I Principal Distribution entrepreneurial risk transfer pricing model and detailed analysis, with an estimated $300M+ tax savings over 6 years.
  • Developed novel pricing model with estimated savings of $10 million for a single hedge fund product.
  • Distribution Heads has since adopted this transfer pricing model for all subsequent hedge fund products.
  • Considerable savings of $1.0 million over 5 years achieved by the creation of key partnerships with market research team to internally create product and other transfer pricing benchmarks.
  • Financial pricing risk reduction by a sizable $5.0 million in a single year by presenting rationale for new global benchmarks to Senior Finance Management and Audit Committee which met FATCA, Dodd-Frank and 15(c)3 rules.
  • Built a novel Complex bundled pricing model that in turn produced a competitive advantage through the creation of a unique market opportunity, supporting competitive risk-adjusted pricing against competitors for identical investment strategies to support $3.0 billion in new investment inflows to the newly-launched Multi-Asset Strategies business.

Director of International Tax / Transfer Pricing

BLACKROCK
San Francisco, USA
01.2007 - 01.2008
  • Developed and implement global corporate pricing policies for 10-12 country jurisdictions in alignment with rapidly evolving global and national fund and pricing regulatory frameworks across multiple products.
  • Technical Tax and IP risk advisor to CFO, Director of Global Tax and Regional Controllers about pricing analyses, policy revisions and OECD global as well as local (national) regulatory pricing practices.
  • Managed relationships with external international tax advisors and consultants for outsourced tax compliance and advisory services.
  • Worked with RFP team and audit committee to ensure a standardized process when vetting external advisors for specific projects.
  • Decisive leadership of planning and management of global pricing reporting for 10+ jurisdictions internally together with Business Finance Officers and in collaboration with external vendors.
  • Effective $1.0M+ firm’s annual savings in transfer pricing compliance and value via vendor engagements.
  • Internal technology identification of intangible development sectors, conducted preliminary valuation to support establishing offshore Singapore intangible development business segment with projected tax savings of $100M + over 5 years.
  • Adjustment factor improvement for risk-adjusting residual profit split method for non-routine services reducing tax risk and audit costs estimated at $5 million across four tax jurisdictions.
  • Team leadership of conducting first-time functional interviews across all global cost centers to support implementation of global transfer pricing policy including benchmarking analyses.

Principal of Tax Practice

CRA INTERNATIONAL
Palo Alto, USA
01.2006 - 01.2007
  • Leader in Pricing & Valuation Practice based in Silicon Valley and in the Economic and Industrial Practice for London and Bahrain Offices.
  • Economic Leader of Transfer and Trade Pricing Cluster portion of a $27 million Industrial Development Project for several Government Ministry clients in the Middle East and co-leader of Silicon Valley marketing efforts including speaking engagements, creating new business partnerships which generated $1.2 million within one year of Practice’s stand-up.
  • Principal Economist overseeing $3.0 million budget to utilize game theory to develop a new value chain structures within the World Trade Organization (WTO) regulatory framework to support the development of vertically integrated and globally competitive industry manufacturing, service and trade policies for Ministry of Industry and Trade of a major US Middle Eastern trade partner.
  • Lead Advisor for multinational pricing, IP Valuation and planning, and Advanced Pricing Agreements (APAs) projects and related strategies for mid-cap and S&P 500 clients in technology, energy and medical device industry sectors, while mentoring, and managing a team of 4 – 6 employees across multiple practice areas located in US, Europe and Middle East.
  • Advised French national nuclear energy company about tax-advantaged US domestic and international structuring encompassing intangible property, technical services and other technical tax matters to support planned integration of new technologies of $175 million and long-term expansion into the US market.
  • Intangible valuation and legal defense strategy development to support $300 million intangible property transaction subject to IRS litigation in partnership with semiconductor client’s legal team.
  • Generated estimated tax cash savings of $1 – 5 million related to technical valuations of acquired technologies for electronic gaming and medical device companies.
  • Intangible valuation development to support IP planning and US Treaty documentation projected to save $500M – $2,000M over 15 years for alternative global energy company.

Education

Master of Arts - International Economics, Trade & Finance

University of California
Santa Cruz, CA

Bachelor of Arts - Quantitative Economics and Applied Mathematics

Stanford University
Stanford, CA

Skills

  • Strategic planning
  • Budgeting and forecasting
  • Cross-functional team building
  • International tax operations
  • Tax preparation and compliance
  • IP valuation
  • Cloud technology transformation
  • Partnership and private equity tax
  • Tax provision and analysis
  • Tax controversy resolution
  • Advance pricing agreements (APAs)
  • Tax policy and regulatory design
  • Tax software proficiency
  • International diplomacy and conflict resolution
  • Business software expertise
  • Data visualization tools (Power BI, Tableau)
  • Microsoft Office suite (MSFT Office, SharePoint)
  • Enterprise resource planning (ERP)
  • Salesforce and Dynamics expertise
  • Financial modeling and risk assessment
  • Client relationship management
  • Team leadership and project management
  • Problem solving and innovative thinking
  • Attention to detail

Affiliations

  • San Francisco Yacht Club
  • Latvian Association of Seattle
  • Silicon Valley Vikings
  • Stanford Professional Women (SPW)
  • World Affairs Council (Honorary)
  • American Latvian Association
  • American Sailing Association

Publications

  • Life after LIBOR: Impacts on Transfer Pricing, looking to 2021 Transition, 12/2020
  • LIBOR to RFR Transitions: Global Data and Pricing Impacts (forthcoming), 03/2020
  • Valuation at the Margin: Triggering the Grandfather Clause in CSAs (forthcoming), 07/2020
  • Including Stock Options in Transfer Pricing Analyses: Is FAS123R the Right Answer?, 12/2006
  • Integrating IP Transfer Pricing Planning with High-Tech M&A Transactions, 05/2006

Awards

Presidential Cross of Recognition, 2nd Order, by the President of Latvia for 10 years CIVIC SERVICE as HONORARY CONSUL, REPUBLIC OF LATVIA in NORTHERN CALIFORNIA.

Languages

German
Limited
Latvian
Professional

Timeline

TAX CONSULTANT

RESOURCES GLOBAL PROFESSIONALS
01.2024 - Current

Vice President: Tax & Accounting

T. S. BANKING GROUP
01.2022 - 01.2024

Tax Consultant / Project Leader

PwC
01.2021 - 01.2022

Senior Economist, Senior Tax Manager

CROSS BORDER SOLUTIONS
01.2018 - 01.2020

Principal Economist and Founder

GLOBAL VENTURE ANALYTICS
01.2015 - 01.2018

Principal International Tax / Economist

DLA PIPER LLP
01.2014 - 01.2015

Diplomat / Honorary Consul

U.S. DEPARTMENT of STATE, OFFICE of FOREIGN MISSIONS
01.2011 - 01.2020

Director of International Tax / Transfer Pricing

FRANKLIN TEMPLETON INVESTMENTS
01.2010 - 01.2014

Director of International Tax / Transfer Pricing

BLACKROCK
01.2007 - 01.2008

Principal of Tax Practice

CRA INTERNATIONAL
01.2006 - 01.2007

Master of Arts - International Economics, Trade & Finance

University of California

Bachelor of Arts - Quantitative Economics and Applied Mathematics

Stanford University

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