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.

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CALL FOR PAPERS: Walsh College Mark Solomon Tax Symposium

The Walsh College Mark Solomon Tax Symposium is requesting for papers on current issues in taxation for publication in the 2014 Mark R. Solomon Journal on Taxation. Tax accountants, attorneys, and tax professors may submit brief proposals for consideration by May 16. Finalists will be selected on June 1, 2014 and first drafts of papers will be due on July 7, 2014.

In addition, four papers will be selected for presentation at the Second Annual Mark Solomon Taxation Symposium. Preference will be given to scholarly papers on current issues on taxation that challenge traditional thinking, introduce provocative ideas, or present divergent sides of an issue. Collaborations are encouraged. Summaries of the first annual symposium are posted on the College website:

Proposals may be submitted at or emailed to Professor Daniel Hoops ( by May 16, 2014. The Solomon Tax Symposium will be held in Troy, Michigan on Thursday, October 30, 2014 from 8 – 12 p.m.

2014 Educational Survey Series
By: TaxTalent

For the past three years, TaxTalent has provided annual rankings of Undergraduate and Graduate Tax and Accounting programs directly from the perspective of corporate tax hiring authorities. By providing these annual rankings of the best U.S Tax programs directly from the employer perspective, we hope to bridge the gap between academia and the corporate tax world.

How to Effectively Recruit Top Talent
By: TaxTalent

The tax community has always been a “small world” but with today’s easy access to information, it’s even smaller. As digital communication agents become more prominent, taking the time to understand how the market views your company’s brand, your tax department’s brand and even your own brand will be vital to your success in effectively recruiting top talent.

How to Retain Your Valuable Employees
By: TaxTalent

There’s little doubt that there is a correlation between employee career growth/satisfaction and the risk of employee turnover. If you successfully match your new employees’ short-medium term career goals (wants and needs) with your department’s wants and needs, then you will considerably lower your department’s initial risk of turnover.

Managing Indirect Tax Data in the Digital Age
By: EY

Dealing with indirect tax data is the key to effective indirect tax management. But the variety of indirect tax data required by different jurisdictions and the sheer quantity of relevant data generated by large organizations can present a range of logistical issues. With the increased reliance on indirect taxes and the “fair tax” debate putting companies’ affairs firmly in the spotlight, we consider some key challenges faced by multinational tax, trade and finance departments.

Treasury and IRS Expand Jurisdictions Subject to FATCA Agreements
By: Accounting Today

The Treasury Department and the Internal Revenue Service said Wednesday they will treat 19 countries that have reached agreements in substance with the U.S. on the Foreign Account Tax Compliance Act as having those agreements in effect, until the end of 2014, and they will also delay the registration deadline for foreign banks for 10 more days.

Taxing Issues

The last time CFO magazine conducted its state tax survey, in 2011, the nation’s fiscal condition was very different. The Great Recession had depleted state coffers, and legislatures were looking to companies to pony up more tax dollars. “The states are in a pure ‘money grab’ mode,” one tax director complained at the time. Today, the situation is brighter. Through the third quarter of 2013, total state tax revenues have grown for 15 consecutive quarters, according to the Nelson A. Rockefeller Institute of Government. Adjusted for inflation, the simple average quarterly growth rate over that period was 4.2%.