Welcome to this edition of TaxCareerDigest. This online journal provides tax professionals with timely information relating to the tax industry—news, trends, careers, and more. Through TaxCareerDigest, you will receive content relevant to you as a tax professional that is written and reviewed by experts in the tax field.

Do you ever wonder why otherwise bright, engaging young people can be lacking in self-confidence when it comes to receiving an assignment in an area new to them? Don’t get frustrated. It’s the way they have been educated. Take the opportunity to guide and motivate these young professionals while at the same time clearly putting responsibility for the project’s completion on the young staff person.

Against the backdrop of global regulation and finance transformation, the ability for a multinational company to robustly disclose and report its worldwide tax position in a transparent manner goes beyond the technical implications underlying tax planning and tax compliance. These changes in the way of doing business require new capabilities of in-house tax departments and additional skills other than those traditionally required from heads of tax.

Over the last couple of years, the state of tax laws relating to a U.S. multinational corporation's ability to “defer” its foreign earnings for U.S. tax purposes has been an area of great interest in the press. In some cases, the IRS has determined that action has been necessary to curb certain apparent tax benefits relative to transactions that the IRS perceives to result in repatriations of foreign earnings without the corresponding U.S. tax consequences of a repatriation.

In its work with many tax functions around the world Pricewaterhouse Coopers has seen a number of different ways of structuring and organizing the tax function. There are clearly numerous options as there is not one right answer that will suit all businesses. Find the right one for your situation.

In today’s increasing global economy, cross-border tax developments affect businesses, sometimes with short notice. And it’s not just corporate tax rates that are affected. Read about the latest changes in Australia, Moldova, New Zealand, Portugal, Russia, UK, USA, Portugal, Tunissia, Singapore, and Spain.