Although the field of tax accounting is heavily tied with the legislation and economy of the country where you earned your degrees and certification, if you want to advance your career and work at a higher level with more opportunities for travel or cultural exchange, you should consider an international career as a taxation expert.
Get a Job in a Multinational Company
In a globalized world, business success means expanding outside the borders of the country and taking over major foreign markets. With so many companies and corporations running business all across the world, the need for taxation experts able to juggle with various tax legislation has grown exponentially.
If you want to use your accounting degree to work in the global economy, you should learn more about this career. Getting certified as an international tax manager is your ticket to finding employment in multinational corporations and businesses. This career track, however, requires you to be highly skilled and have in-depth familiarity with foreign tax policies.
You will ensure that your company respects the tax regulations of the countries where it runs operations but also the international tax policy of both the home and host country. If a company does not conduct activity across borders but has foreign investments, these must also be supervised by an international tax manager. And you can be that person.
Provide Your Expertise to Expats and Digital Nomads
If you like the idea of a career with a worldwide focus, consider becoming an expatriate tax manager, also known as a global mobility tax manager. Practically, this is a narrow specialization for international tax managers as it revolves around providing expats and, more recently, digital nomads and international freelancers, with tax services.
As an expatriate tax manager, you will make sure that your clients comply with the tax policy of their home country, place of residence, and international tax policies. This job provides many opportunities for career development and depending on your employer, the chance to work abroad can present itself too.
Naturally, to advance to this role, you will need industry qualifications and solid work experience. Excellent risk management, strong organisation and other transferable skills are a great component of success for expatriate tax managers. Some employees might have a preference for candidates with management experience too.
To move from general tax practice to a global career in international taxation, tax experts must spend significant time developing both career-specific and interpersonal skills and building their credibility. They need to act as reliable advisors for companies and clients to earn the required experience in all facets of taxation.
Once you follow the right steps, an international career in taxation is more than possible. However, if you haven’t taken courses in international accounting, you might have to enter into a master’s degree program that offers a concentration in international accounting or show equivalent work experience.
Another way to increase your chances of success is to learn a foreign language. Bilingual candidates with sound expertise in international tax laws and regulations are highly sought-after by multinational companies and businesses that operate abroad. The ability to work in two languages will help you achieve your responsibilities as an international tax expert much more efficiently as there will be no need for intermediaries.