The global Corporate Tax Consulting market was valued at USD 1.1 Billion in 2020 and is projected to reach USD 2.85 Billion by 2028, growing at a CAGR of 8.93% from 2021 to 2028.
Definition and Overview
A tax consultancy is a business that provides expert advice to tax filers. A good tax consultant understands tax laws and is able to advise strategies that minimize obligations while also reducing the chance of an audit that could lead to a conflict with the IRS or with a state tax agency.
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COVID-19 Impact Analysis
The COVID-19 pandemic is affecting industries worldwide and the global economy took a hit in 2020 and likely in 2021 as well. The outbreak created disruptions in industries such as semiconductor, consumer electronics, travel, and automotive, among others. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
Regional Analysis Preview
On the basis of region, the global Corporate Tax Consulting market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region held the largest share of the global Corporate Tax Consulting market in 2020. Some of the major countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. U.S.