Ernst & Young’s Paris law arm has lost another partner, this time to GE Capital’s corporate tax department.
Raphael Coin has made the leap to GE after 11 years at Ernst & Young Société d’Avocats (formerly EY Law), where he was most recently a partner in the international tax team.
At GE Coin will be part of the tax department which is responsible for tax planning and strategy in France.
His departure is another blow to E&Y which has lost a number of partners over the past year. Over 2004, 13 partners quit the firm for other French operations. E&Y has suffered since the introduction of the ‘French Sarbanes-Oxley’ act – the ‘Loi sur la Securité Financière’ – limiting the services accountants can provide to clients.