Having started out in 1976 as Frank Hirth’s first employee, Paul Hocking has built a reputation as a transatlantic tax specialist dealing with large clients on both sides of the pond. He rose from a trainee to a revered chairman responsible for more than 200 employees, ‘several thousand’ clients and a £20 million-plus turnover. That reflects an increase in US clients as they look overseas in search of greater returns. Hocking is also well placed to speak of recent trends and the fresh focus on HNWs by HMRC and the IRS. ‘The general perception of the UK as the go-to place is now being questioned,’ he says, highlighting Italy’s ‘interesting’ initiative to lure non-doms to its shores with a €100,000, ten-year ticket. ‘They’ve taken the best features of our system and made it fit for purpose. It would be so lovely to think there were folks within the Treasury who had the same foresight and vision to encourage the same sort of inward migration here.’ He is also the chair of Two Wheels for Life, which works to provide sustainable transport for sub- Saharan health ministries in seven African countries, affording access to healthcare for millions. Hocking has acted as Chair of the British American Business Inc. (BABI) tax forum in London and previously served a two-year stint as a member of the Electronic Tax Administration Advisory Committee (ETAAC), a US Congressional tax committee reporting on matters to Electronic Tax Administration.
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