10th Anniversary of World Tax Service

German Tax Consulting Firm WTS Expands in Asia

MUNICH, January 12 - The demand for international tax advice is growing faster than ever
before. The more global the business activities of the client the more
open-minded tax consultants have to become. The German World Tax Service WTS
is now also represented in India after having already been present in Asia
with a subsidiary in China and a WTS office in Taiwan. Chairman Fritz Esterer
thus has two reasons to rejoice: On Tuesday WTS is celebrating its 10th
anniversary in the Munich Residence castle.

On Tuesday WTS announced the signing of a joint venture agreement with
regional tax consulting firms in Mumbai and Delhi. The Indian tax system is
without any doubt a significant challenge for foreign businesses who intend
to open up the Indian market. There is hardly any other country with as many
different and particularly indirect tax categories as India. From now on,
German companies in India can refer to ten experienced WTS tax consultants
for support who have had many years of experience with providing tax
consulting services to German investors in India. Mumbai and Delhi are
strategically important sites as the majority of European companies are
located in these conurbations. But WTS's presence in China has also expanded.
In addition to the Shanghai subsidiary a new branch has only recently been
opened in Beijing.

In 2009 WTS was one of the largest German firms in its industry with more
than 400 employees. The six German offices from Frankfurt and Düsseldorf to
Hamburg as well as the WTS Alliance and its strong partners in more than 90
countries world-wide meet the demand for tax consulting services of
international and major medium-sized companies all over the world.

Information on World Tax Service WTS:

With more than 400 employees working at six offices in Germany as well as
subsidiaries in China, France, Switzerland and the Netherlands, WTS is one of
the largest German tax consulting firms. Main activities of the firm include
tax counselling for multinational and major internationally active
medium-sized companies. WTS exclusively focuses on tax counselling to avoid
any potential conflicts between auditing and counselling.

Contact:

WTS AG Steuerberatungsgesellschaft

Mr. Richard Tigges

Thomas-Wimmer-Ring 1

80539 Munich

Phone: +49(0)89-286-46-2222

Fax: +49(0)89-286-46-2323

E-Mail: richard.tigges@wts.de

Contact: WTS AG Steuerberatungsgesellschaft, Mr. Richard Tigges, Thomas-Wimmer-Ring 1, 80539 Munich, Phone: +49(0)89-286-46-2222, Fax: +49(0)89-286-46-2323, E-Mail: richard.tigges at wts.de