Will McCallum

Background

Will is a Partner in the tax practice of KPMG in Bermuda, where he leads a team of professionals focused on providing tax services to entities in the global financial services industry.

Professional and Industry Experience

In his 20+ years with KPMG in Bermuda, Will has led tax compliance and advisory engagements for a variety of clients in the financial services industry, including multinational insurance groups, captive insurance arrangements, investment funds, and other businesses, including:

• Advising US entities with respect to the application of various international tax provisions (e.g. CFC, PFIC, foreign information reporting)
• Advising foreign entities with respect to the application of various US tax provisions (e.g. withholding taxes, US trade or business issues, FIRPTA, federal excise tax)
• US federal and state income tax compliance for US and foreign insurance companies, investment funds, trusts, and other collective investment structures, and assisting entities in accounting for income taxes in accordance with GAAP and statutory guidelines
• Assisting entities in understanding and responding to global tax transparency initiatives, including FATCA, CRS, and CbCR
• Advising MNE Groups regarding the application of the GloBE provisions and the proposed Bermuda corporate income tax
• Assisting a variety of stakeholders in addressing the requirements of the Economic Substance Act in Bermuda, including assisting Bermuda entities from a variety of industries in addressing compliance with the economic substance requirements