"When I was a kid, I was very much into reading and playing basketball, where I enjoyed the team concept."
"It's the same in my job today at KPMG: team spirit means working together to get the right result for the client."
Clement Hofbauer, Tax
Tax combines figures, law and intellectual agility in a fast-moving, ever-changing environment. The issues at hand are often complex, sophisticated and constantly evolving, meaning you have to relearn your role on a daily basis. As a tax adviser, you will help clients navigate their way through existing and future tax laws, codes and enforcements. Your advice will allow them to stay compliant and run sustainable businesses.
More from Clement Hofbauer on his role in tax…
What do you do?
We help companies with their investment planning and compliance requirements. Basically, we understand their business, we advise them and we try to find a solution for their issues in a tax efficient way. We are here to help them at different stages, from implementation – through the lifetime of their investment.
Which aspects of your work do you enjoy?
If you are working in tax you never get bored! It is challenging but you learn a lot on the job and you receive training. My background is in law and finance and I get the opportunity to work with both of these in Luxembourg, instead of having to choose one or the other.
What are the challenges of your position?
More than challenging, it is interesting – every day you need to think, discuss and reassess. You have to stay up-to-date with tax rules in Luxembourg, but also in other countries. You have to be innovative and keep improving your skills to be able to advise your clients.
What skills do you need?
Be open minded and the kind of person who wants to learn every day. The fundamentals are accounting and law, but you will develop other skills – management, soft skills – in order to evolve in your career. When you fi rst start you have to listen and ask a lot of questions – the right questions.
"Be open-minded and the kind of person who wants to learn every day."