In our 2021 Global Tax Market Assessment, we provide forecasting and analysis of key trends impacting the tax industry globally. For the U.S. market, we highlight several key takeaways:
- We predict ESG standards will create challenges for tax departments, especially around racial diversity.
- We observe Baby Boomer retirements accelerating, pushing Millennials and Gen Z into leadership roles earlier.
- We note remote and hybrid work models becoming more accepted, opening opportunities for a specialized interim workforce.
- We foresee tax department structures evolving, with a shift toward core teams, automation, and flexible talent.
- We anticipate a likely shift from effective tax rate planning to tax policy and controversy skills.
We also cover trends in Europe, Middle East/Africa, Asia-Pacific and Latin America, including increased audits, continued tax reform, and accelerated digitization of tax processes globally. Overall, our assessment highlights significant changes ahead for tax departments in staffing, technology, and strategic focus.
