By Philip V. Giuca
The tax implications of launching and managing a new investment fund are incredibly complex, even without considering the significant expertise and operational costs required.
This reality creates a dilemma for tax departments at investment firms, which must contend with conflicting pressures to keep fees low; to deliver quick, accurate services that meet compliance and reporting requirements; to mitigate risks; to make smart hires while dealing with a shortage of talent; and to show their value by helping the core business meet their strategic and growth objectives.
Reconsidering operating models
To meet these demands, tax departments at many investment firms are rethinking how they work and which aspects of the business they might outsource to trusted advisors. Many have gravitated to hybrid tax operating models that make it possible to both improve operations and reduce costs while offering compelling career…
This article was written by and originally published on hbr.org