What are the reasons behind the difference in wages between

What are the reasons behind the difference in wages between one MOG and another? Is there a difference in wages within the MOG itself? What explains this? Do wages reflect how much a profession is valued by the social system? Are there other reasons for differences in wages across occupations?

please write a few paragraphs explaining the above information

Solution

The Tax manager in new york has to provide both domstic and international tax compliance. He has to not only adopt bbest practices but also implement in compliance and reporting. In short, a New York State Tax manager performs the entire gamut of tax functions. These may be restated as follows:-

1. Review and perform tax allocations of partnership income and corporations.

2. Compilke and review tax data for federal tax return.

3. File multi state tax return under Schedule K -1

4. He performs . identifies and reviews US witholding tax requirements and also relating to state income allocations to various non resident recepients.

5 The new york tax manager has to be an expert in US tax filings PFICs CFCs and 926 forms.

6. He ahs to review FATCA and CRS reporting.

7. The volume of his work is so high such that he has to review and respond to tax authorities request and Notices on a continous basis.

8. Besides, he has to assist the partners in their tax enquiries and their various estimates.

9 He has to perform quick response to Ad hoc requests.

10 Newyork Boasts of a large number of international and domestic portifolio companies for which he has to review tax procedures and conduct research on tax proceedures and codify and classify them for easy and quick reference for future . .

11. He has to coordinate with tax advisors and accountants to ensure proper accounting of transactions.

12 In short a Newyork State .tax manager is a great support to the entire finance team.

His job is very much varied and complex requiring a highly motivated and intelligent person. He must have demonstrated excellance in previous endeavours and should have had a BIG 4 tax experience. He has to have a very strong professional integrity and work ethics which should be of the highest order.

For these reasons a New york tax manager earns about 30% higher than the US national average and is the highest paid tax manager in the US.