Personal Blog

Co-founder Paul Sutton shares some personal insights from his day-to-day work, providing a look behind the scenes at LCN Legal.

Paul Sutton

How to be a treasurer

This was remark from Coco, our just-turned-7 year old daughter: “I need a box, to treasure things in.” It made me realise that I don’t often use the word “treasure” as a noun, let alone as a verb. So here’s a Monday morning question for you, inspired by Anthony Robbins: What are your most treasured memories in your career so far? And what …
Paul Sutton

Dealing with franchising in TP documentation

Intra-group franchising arrangements are not uncommon, and we’ve recently been helping two multinational groups with their intercompany franchise agreements. For one of those clients, we were provided with a benchmarking report produced by one of the ‘Big Four’ firms, which attempted to provide guidance as to an appropriate franchise fee. The …
Paul Sutton

My day with the tax guns

Unannounced tax audits may be a fact of corporate life – but you wouldn’t necessarily expect them to involve firearms. This is the subject of an article very kindly contributed by Ian Barron, the former Vice President and Head of Corporate Tax at American Express for the EMEA Region: “I’ve had some interesting and amusing experiences handling …
Paul Sutton

Pain and gain in intra-group supplies

If you’re a fan of Anthony Robbins you’ll know that he regards ‘pain’ and ‘pleasure’ (or rather, the anticipation of pain or pleasure) as keys to consciously controlling our destiny. We can actively choose to associate massive pleasure with habits or beliefs we want to install, and massive pain with habits or beliefs which do not serve us. …
Paul Sutton

This lady had no sympathy for transfer pricing advisers

A little earlier this Summer, Xiaofang and I attended a very lovely wedding party which was held in the oldest inhabited castle in England (apparently). I got talking to one of our fellow guests, and she very kindly asked what we do. ‘We help multinational businesses to maintain the legal structures they need to comply with international tax rules.’ …