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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C.S. Lewis once said, "It may be said for an egg to turn into a bird: it would be a jolly sight harder for it to learn to fly while remaining an egg." As we see the tax regulations continue to change, so does the tax professional's desired skillset. In our recent podcast with Maurice Agresta, he discusses thinking outside the tax box and the importance of being a Business Person rather than a Tax Person. We also released our 2015 Career Satisfaction Survey that shows the main reason a tax professional is not satisfied.

Thinking Outside the Box When Thinking About Tax
By: TaxTalent

In this exclusive podcast, Tony Santiago interviews tax law professional Maurice Agresta. They discuss the key to gaining the benefit from the feedback for your own career development and growth.

2015 Career Satisfaction Survey
By: TaxTalent

In the 2015 Tax Hiring Outlook, TaxTalent surveyed tax hiring authorities about their projected hiring position. The results indicated a large demand for tax staff to manager level positions and will account for 89% of all hiring in 2015. Because of this demand, the 2015 Career Satisfaction Survey targets this group of tax professionals and gauges how vulnerable they are to leaving their current company.

Changing Change Management
By: McKinsey & Company

Change management as it is traditionally applied is outdated. While companies have been obsessing about how to use digital to improve their customer-facing businesses, the application of digital tools to promote and accelerate internal change has received far less scrutiny. However, applying new digital tools can make change more meaningful—and durable—both for the individuals who are experiencing it and for those who are implementing it.

The Disparate State and Local Tax Treatment of Digital Streaming Services

In recent months, multiple jurisdictions have issued guidance regarding the taxability of digital streaming services. These developments signify a growing trend by states to address whether and how such products and services should be taxed. Similar to other trending areas, such as Software as a Service (SaaS), states and cities must initially determine how to classify digital streaming based on existing state and local tax rules.

Tax Reform Aimed at Lowering Effective Business Rates for U.S. Businesses
By: Grant Thornton

Grant Thornton supports tax reform aimed at lowering effective business rates for U.S. businesses. Competitive business tax rates are critical for spurring business investment and job creation, domestically and internationally. We urge Congress to provide the same rate for all businesses whether organized as C corporations or pass-through entities.

How Multinational Companies Are Creating a Competitve Advantage Through Tax Shaming

In recent years, governments have begun tax shaming large multinational corporations—claiming they’re not paying an appropriate amount of corporate tax in their respective countries of operations. For example, in 2013, the U.S. Senate held public hearings that shined a spotlight on the complex international tax strategies of Google, Apple, Microsoft and other U.S.-based companies that allowed them to have low global effective tax rates.