OREANDA-NEWS. May 31, 2011. Law firm SORAINEN was awarded the "Baltic States Tax Firm of the Year" award at the prestigious International Tax Review European Tax Awards in London. This is the second year in a row that the SORAINEN Tax & Customs Team has been honoured with this international acknowledgement, reported the press-centre of SORAINEN.

"It is always harder to keep the award for two years in a row than to win it for the first time, so being recognised as the best Baltic tax firm again is a great victory," comments Janis Taukacs, regional head of the SORAINEN Tax & Customs Team. "The award was given for the most innovative international and cross-border tax advice in the region. This allows our clients to trust us on even more complex matters".

The European Tax Awards are the only high-level recognition for the tax community in Europe. They are based on the size, innovativeness and complexity of tax matters advised in the last twelve months, as well as the general capability of a firm's tax team. Tax firms were independently evaluated by International Tax Review staff, who consulted tax advisers, private-practice lawyers, tax executives and in-house counsel. Transaction experience submitted by the SORAINEN Tax & Customs Team included tax advice in the first ever VAT case in the Latvian Constitutional Court, other complex tax advice to Western Union, Heidelberg Balticum, Euler Hermes Kreditversicherungs, Sodra Eesti.

The other four finalists for the "Baltic States Tax Firm of the Year" award were Deloitte, Ernst & Young, PricewaterhouseCoopers and LAWIN. The European Tax Awards launched this award for the Baltics in 2010.

Since 1990 International Tax Review has established itself globally as the most authoritative magazine dedicated to international tax strategy. It forms part of the Euromoney Legal Media Group.