2024 Global Tax Market Assessment Q&A

This webinar, celebrating the 10th anniversary of the Global Tax Market Assessment, provides insights into the current tax landscape and anticipated challenges for 2024. Key topics discussed include:

1. Generational changes in leadership, with Gen Xers now occupying the majority of top tax positions
2. The ongoing impact of baby boomer retirements across all levels of tax departments
3. Economic uncertainties and their potential effects on tax hiring and budgets
4. Increased demand in specialty areas like state and local tax, federal tax compliance, and international tax planning
5. Challenges in recruiting and retaining tax professionals at all levels
6. Tensions arising from evolving work policies and the shift towards hybrid models
7. The global convergence of tax trends, including the emphasis on indirect taxes and transfer pricing

The speakers emphasize the importance of succession planning, developing EQ skills, and educating finance and HR leaders about the unique challenges in tax recruitment. They also discuss strategies for both employers and job seekers in navigating the current market, including the value of flexibility in work arrangements and the need for proactive communication.

The webinar concludes with insights on global tax trends outside the US, highlighting similarities and differences in challenges faced across regions. Overall, the session provides a comprehensive view of the tax profession's current state and future outlook, offering valuable guidance for tax leaders and professionals.soft skills and adaptability in work arrangements.