Deloitte has announced plans to expand its Wales-based shared service operations by setting up a new specialist facility within its tax business which will create up to 100 new jobs over the next three years.

The Cardiff Centre of Excellence will support Deloitte's international assignment services practice, which helps global employers meet complex tax compliance and reporting requirements in multiple jurisdictions for their internationally mobile employees and advises them on structuring these arrangements.

Deloitte partner, Craig Muir, who leads the UK firm's international assignment services business said: 'We had a number of potential locations for our new centre of excellence, but Cardiff was the clear favourite. The support from the Welsh government throughout the process and the availability of a high quality pool of talent in the local market played an important part in our decision making.'

The expansion follows Deloitte's decision last year to set up a quality and risk operations hub in the Cardiff Central Enterprise Zone, which is the UK's first dedicated enterprise zone for the professional and financial services sector. Deloitte says this represented an annual investment in the region of £3m into the Welsh business economy, and has created 85 jobs so far.