Knowledge Capital for the Tax Professional

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

If you are interested in submitting content to TaxCareerDigest, please email meredith@taxtalent.com for a copy of our publication guidelines and article submission process.

I invite you to register for the 2013 Tax Hiring Outlook Webinar to review the report below in more detail with Tony Santiago and Adam Golden. This webinar will be held on Thursday, May 2 at 2:00 EST and will include a live Q&A session.

This report provides insight into the tax hiring process from the viewpoint of corporate tax hiring authorities after year-end budgeting, and provides conclusive information to support decision making. Survey respondents consisted of 124 corporate tax department heads from across the country; the majority of whom represented companies with over $9 Billion in annual sales. Additionally, this report includes a comparison to hiring data reported in the previous survey from 2012. This serves to provide a perspective on any relevant trends that have developed over the past year. The TaxTalent Library includes results from previous hiring surveys.

At the recent March 6th TEI Pittsburgh meeting, Adam Golden of TaxSearch, Inc. and Dave Klausman of TaxTalent provided insight into managing one's career through the generational demographics of today's corporate tax department.

Many countries are currently in the process of refining their indirect tax systems. In developed markets, longstanding VAT systems need to adapt to the demands of a 21st century digital economy. In emerging markets, which are experiencing economic developments at a fast pace, indirect tax systems need to adapt to keep pace.

Multinational companies' transfer pricing practices have recently been subject to an extraordinary level of scrutiny from policymakers and tax authorities in the United States and around the world.

Caution is still the watch-word for mergers and acquisitions markets all over the world. After a brief rally, deals between developed market acquirers and high growth market targets (D2H) continued the downward trend over the last 2 years. The HGM Tracker looks at deal flows between 15 developed economies (or groups of economies) and 13 high growth economies (or groups of economies).

Using independent contractors can be an effective way to control costs by reducing payroll taxes, benefits costs and the shared responsibility excise tax. Misclassifying employees as independent contractors, however, can be disastrous.