• Almost 4 in 5 respondent companies had worldwide revenues of $5 billion or less with three-quarters coming from operations in the United States.
• 3 in 4 Senior Tax Executives (STEs) have the title of Director of Tax/Corporate Tax Director or Vice President.
• Regardless of title, the STE most often reports to the Chief Financial Officer.
• Half of the tax departments have 5 or fewer employees.  In addition they are responsible for an average of 31 legal entities and 7 in 10 are located at a single location.
• More than half of the tax departments have budgets of $750,000 or less, and one-third have budgets of $1 to $5 million annually. 
• During the last 3 years, the typical tax department has increased by fewer than 1 full-time equivalent (FTE) while its budget has increased by 12%.
• 7 in 10 companies reported that they are subject to the provisions of the Sarbanes-Oxley Act and an additional 1 in 7 of those not subject to the law plan to follow it.
• The most commonly considered control areas for the purposes of Sarbanes-Oxley deal with the calculations of the U.S. tax provisions, deferred accounts, and rate reductions.

2004-2005 Corporate Tax Department Survey (including the CD-ROM) may be purchased by faxing the order form to 202.638.5607

The price of the survey is $50 for TEI members and $100 for non-members.

For additional information, contact TEI at 202.638.5601