2020 Tax Salary Guide
Our 2020 Tax Salary Guides provide an overview of recruitment and remuneration for tax professionals across the UK, US and Asia.
In them we discuss what is driving recruitment in these markets, exploring the distribution of demand amongst skillsets and roles, the reasons behind this and the impacts on remuneration.
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UK Overview –
Despite a backdrop of Brexit roadblocks and political instability, which under normal circumstances would dampen activity in the market, in actual fact we saw little to no change from the previous year as appetite to hire remained on a high. Further legislative and regulatory changes together with ongoing disputes and steady M&A activity created the need to further increase the size and capability of teams throughout commerce & industry, financial service and professional services. The ongoing shortage of talent was felt at many levels, prompting employers to think outside the box on employee attraction and retention strategies…
US Overview –
Recruitment activity remained high across the entire US tax market in 2019, fueled by the continued impact of tax reform. In fact, hiring increased in many areas, meaning that 2019 saw a dynamic market full of opportunities for tax professionals. This is at the same time as US tax professionals being increasingly exposed to broader, more varied career paths. Organizations are seeking opportunities to extract more value from tax in the face of global trends towards tax transparency and at a time when utilizing new technology to create efficiencies is very much a focus. As such, demand has been high for commercial tax professionals with strong stakeholder management and business engagement skills…
Asia Overview –
Consistent but careful recruitment across all sectors, but strategic tax hires to add substantial commercial value and improve cost structures. Tax continues to be valued as a critical function across Hong Kong and Singapore. Overall hiring levels in 2019 have been largely steady and consistent. We did note a slight increase in demand for a few specialist areas within tax, as well as for mid-level hires in both in-house teams and public accounting firms, the latter due to the growing number and complexity of client engagements. Hiring at the senior end of the market remains subdued…
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