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Tax consulting: The future lies in measuring the value added

The pandemic has had less of an impact on the tax consulting industry than might have been feared—but it has highlighted a critical problem, says Fiona Czerniawska, MD and co-founder of Source Global Research

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This has been the first crisis to pose an existential threat to the global professional services industry. Familiar with banking and other financial crises, professional firms have historically been able to protect themselves from their economic shocks: Management consulting revenues in the US market barely missed a beat in 2008-9.

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