Suggestions
Carsten Bonnerup
Experienced transfer pricing and international tax expert, who delivers proactive solutions to multinational enterprises
Professional Background
Carsten Bonnerup is a seasoned expert in transfer pricing, with over 12 years of specialized experience in this intricate domain of taxation. His career took off with a solid foundation in corporate tax advice and tax audits during a decade-long tenure at the Danish Tax Administration, where he developed a keen understanding of tax regulations and compliance requirements. This experience has paved the way for his extensive consultancy services to multinational companies, positioning him as a trusted advisor in the complex landscape of international taxation.
Throughout his illustrious career, Carsten has held notable positions in some of the world's leading organizations. He has served as the Director of Transfer Pricing at Vorwerk Group, a household name in innovative home and kitchen appliances. Prior to this, he honed his skills as the Head of Global Transfer Pricing at Arla Foods amba, where he played a pivotal role in structuring their transfer pricing strategy. Carsten's journey also included significant stints at Deloitte, where he was a Senior Manager in Global Transfer Pricing, and at Vestas Wind Systems. His dynamic roles in these esteemed institutions have equipped him with a comprehensive understanding of both the technical and operational aspects of transfer pricing.
In his current role, Carsten not only leads transfer pricing initiatives but also drives innovative solutions that encompass automization of tax data and reporting processes. His commitment to fostering a collaborative work environment allows him to effectively solve problems alongside business stakeholders, ultimately leading to optimal outcomes.
Education and Achievements
Carsten holds a robust academic background with a focus on Taxation. He studied Tax Auditor with a specialization in Taxation at Danmarks Forvaltning Højskole. This foundational education was complemented by a Master's degree in Taxation from Copenhagen Business School, an institution recognized for its rigorous academic programs and strong emphasis on practical applications in the world of business. Furthering his expertise, Carsten pursued an Executive Master of Business Administration (EMBA) at ESMT Berlin, a prestigious institution known for developing globally-minded leaders equipped to tackle complex challenges.
His formal education, combined with over two decades of practical experience, places him in a unique position to navigate the complexities of international tax law and transfer pricing. His academic credentials not only enhance his credibility but also inform his innovative approach as he engages with multinational enterprises.
Carsten's contributions to the field are accentuated by his active participation in tax and transfer pricing conferences, where he shares his insights and knowledge with industry peers. His role as a speaker at these gatherings underscores his position as a thought leader in the community.
Notable Achievements
Carsten Bonnerup is distinguished not only by his extensive experience but also by his remarkable achievements in the realm of tax and transfer pricing.
-
Leadership in Transfer Pricing: He has successfully led the transfer pricing teams in various global organizations, showcasing his capability to guide teams toward achieving strategic goals. His leadership style is characterized by collaboration and proactive problem-solving.
-
Automization Initiatives: An advocate for technology in taxation, Carsten focuses on automating tax data, calculations, and controls. His initiatives enable MNCs to establish reliable and fast protocols for their tax and transfer pricing policies, streamlining processes that were traditionally cumbersome.
-
Expert in Audit Negotiations: With a wealth of experience in tax/transfer pricing audits, Advance Pricing Agreements (APA) negotiations, and Mutual Agreement Procedures (MAP), he has successfully navigated complex negotiations to safeguard the interests of the organizations he represents.
-
Comprehensive Dispute Resolution: Carsten's role often entails engaging in dispute resolution procedures, where his comprehensive understanding of tax systems allows him to devise effective resolution strategies that minimize risk for businesses.
-
Building Documentation Structures: His expertise extends to developing robust transfer pricing documentation structures, ensuring that organizations comply with local and international tax regulations while maintaining transparency.
-
Influence on Business Model Optimization: Carsten's insights into business modeling and tax risk management have helped businesses optimize their operational frameworks, enhancing profitability while complying with tax laws.
Conclusion
Carsten Bonnerup's career is a testament to his commitment to excellence in the fields of transfer pricing and taxation. With a fulfilling educational background, extensive hands-on experience, and remarkable achievements, he stands out as a leader capable of navigating the complexities of international taxation. His passion for cultural understanding translates into successful international collaborations, and his enthusiasm for technology integration continues to shape the future of tax processes. As the landscape of tax regulation evolves, Carsten's contributions will undoubtedly leave a lasting impact on the industry, defining standards for best practices in transfer pricing and multinational tax regulations.