Tax specialists moving overseas typically secure superior compensation, lifestyle benefits and advanced career progression.
For instance, Indirect Tax is currently growing across the Middle East due to changes in legislation, and there is a high demand from emerging markets for well-trained tax professionals from the USA, Europe, and Australia. Tax professionals from advanced jurisdictions are moving to seek upside potential, build world-class tax teams and service clients across the region.
Securing a role overseas allows tax professionals to develop an extensive global network and competitive advantage. International experience demonstrates that you are able to successfully integrate with different cultures and develop an international perspective which is regarded highly by employers. In order to make the most of the opportunity, expats should remain open-minded and resilient in order to cope with a new cultural context and intensive work demands. We recommend that tax professionals have specific goals that they are working towards when they move overseas, and at least two exit strategies to ensure a smooth transition upon returning home.
The current climate stimulates globalisation, presenting an excellent opportunity for the successful servicing of clients remotely. At Mason Rak, we believe that this trend reflects a new era for the industry and an increased demand for professionals to service clients globally. This will help to simplify the process of relocation, as client meetings migrate to virtual video conferences on Zoom, Microsoft Teams and other social media channels.
Over the last few months, we have witnessed our clients successfully implement virtual communication channels for their global workforce and client communication. This rapid change harnesses the international scope that Mason Rak has been pioneering since our inception, supporting key stakeholders and tax leaders with building tax teams across the globe.