This comprehensive assessment provides insights into the global tax market for 2022, covering both U.S. and non-U.S. regions. Key takeaways include:
U.S. Market:
- Major demographic shifts due to accelerated baby boomer retirements
- Impacts of ESG on staffing, retention, and development, particularly regarding diversity
- Effects of remote work on permanent and interim staffing
- Significant salary and title inflation in the tax market
- Factors impacting hiring and retention, including a captive labor pool and increased demand
Non-U.S. Markets: Europe, Middle East, and Africa:
- Transition to hybrid working models
- Increased focus on tax in boardrooms
- Competition for talent, especially in international tax
- Ongoing finance transformations
Asia Pacific:
- Optimizing remote/hybrid work arrangements
- Preparing for BEPS 2.0, U.S. tax reform, and ESG
- Changing relationships with tax authorities
- Keeping pace with tax automation
- High demand for tax professionals across the region
Latin America:
- Need for increased automation and tax technology
- Additional challenges for tax leaders and their teams
- High demand for tax professionals across the region
We highlight the importance of adapting to these changes, including succession planning, education of finance and HR leadership, and leveraging technology. The report emphasizes the unique challenges and opportunities facing tax professionals globally in 2022.
