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.

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TaxTalent Webinar Series - New Drivers for Tax Function Performance

TaxTalent has teamed up with Financial Executives International (FEI) to bring you a three-part webinar series, New Drivers for Tax Function Performance. Each of these three webinars addresses an essential component of managing a tax department, from the perspective of both tax and financial leadership. In the first of this three-part series, corporate tax recruitment and retention expert Tony Santiago teamed up with Bristow Group Senior VP and CFO John Briscoe and Weatherford VP of Tax James Parent to discuss the importance of promoting communication skills as much as technical skills within the tax function. Last week, in our second webinar installment, Tim McDonald, VP Global Taxes at Procter and Gamble and Sitecore CFO, Ahmed Rubaie joined Tony Santiago to discuss how you can align your tax function with strategic business objectives.

CLICK HERE TO VIEW THE RECORDINGS

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2014 Tax Career Goals Survey
By: TaxTalent

The results are in for this year's combined Tax Career Goals Survey of staff to manager-level employees within public accounting firms and corporate in-house tax departments. Ladies and gentlemen, we have a problem. When we asked these younger employees whether or not they felt that their career goals were understood and supported by their employers, an alarming number said “No.”


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Asia-Pacific Reflects Trend to Broaden Tax Bases
By: EY

Taxes around the world are on the rise. But rather than raising taxes directly, countries are adopting other strategies to fill their coffers. This can often be at the expense of taxpayers. EY’s report, The Outlook for Global Tax Policy in 2014 found that while some countries continue to lower headline corporate income tax rates, a greater number of countries are actually increasing the overall tax burden by expanding the tax base. The report, which is based on the tax policy outlook for 2014 in 61 jurisdictions as perceived by EY’s tax policy professionals, found that governments are making fewer changes to corporate, personal or indirect tax.


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Ireland Calls Time on Austerity, Double Irish Tax Dodge
By: Reuters

Ireland will phase out a tax loophole that multinationals use to save billions of dollars under sweeping changes to its corporate tax structure, the first in seven years without new austerity measures. With one eye on an election in 18 months' time, Finance Minister Michael Noonan also unveiled plans to cut the income tax burden on low and middle income earners frustrated by Ireland's uneven recovery from the global crisis, changes that will benefit workers at foreign as well as domestic companies.


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The Practice of Managing Up in Your Tax Department
By: TaxTalent

Ever heard the phrase, “Managing Up?” It’s the practice of stretching yourself to anticipate the expectations of those who supervise you. This can have a tremendous impact on the efficiency and cohesiveness of any tax department. In this blog we have provided two simple ways in which you can enhance your career and optimize functionality of the tax department by “Managing Up.”


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Costa Rica to Accelerate VAT Reform After Downgrade
By: WSJ.com

Costa Rica is accelerating the introduction of a new value-added tax and pursuing other overhauls aimed at improving governance and spurring growth following a credit ratings downgrade last month by Moody's Investors Service.


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Podcast: Tax Department Budget Development and Presentation
By: TaxTalent

Tony Santiago, President of TaxTalent.com and Tax Search, Inc. recently met with Jane Adam, the Sr. VP of Tax and Enterprise Risk Management at Brown-Forman, to create a podcast on developing and presenting a tax department budget. This is a topic of importance because the budget is the means to establish the support and resources needed to accomplish leadership’s goals for the tax department. In turn, these tax department goals align with the objectives of all other departments within the corporation.