Bloomberg Tax
Feb. 2, 2023, 12:01 AM

Global Tax Advisory Worth $51 Billion in 2022, Growth Slowing

Michael Kapoor
Michael Kapoor
Freelance Correspondent

The global tax advisory market is expected to grow just 4% in 2023, halving from last year’s pace, according to a report Thursday.

The market—where companies seek outside advice for maximizing their tax efficiency—grew by an estimated 8% last year to $51 billion, market research firm Source said. It warned that growth would tumble this year, despite the use of tax advisers to fill gaps left by in-house staff shortages, because high-value work remains scarce amid economic uncertainty.

  • “There is a risk that advisory firms are pulled ...

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