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 ...