Guest Speaker: Tim McDonald, Former VP of Global Taxes, Procter & GambleDuration: 26 minutes Release Date: November 5th, 2025🎧 Episode DescriptionIn this episode of the Exposed Podcast, host Tony Santiago sits down with Tim McDonald, retired VP of Global Taxes at Procter & Gamble, for a timely fireside chat on one of the most rapidly developing trends in the profession — the rise of private equity acquisitions in public accounting firms.Tim brings decades of experience managing global tax operations and shares a unique insider’s view of how productivity pressures, outsourcing models, and talent dynamics are converging under private equity ownership. Together, Tony and Tim unpack what this means for corporate in-house tax leaders, especially those leveraging co-sourcing, shared service centers, or outsourcing arrangements.The discussion goes beyond theory — highlighting contract considerations, talent retention risks, and the ripple effects of offshoring and labor arbitrage as private equity reshapes the accounting landscape.🔑 Key Discussion HighlightsProductivity Pressure: How PE’s drive for scale and efficiency mirrors internal productivity initiatives in corporate tax.Contract Readiness: Why in-house leaders must revisit co-sourcing and outsourcing agreements for change-of-control clauses.Shared Service Vulnerability: How private equity firms may poach skilled talent from shared service centers as they expand offshore.Plan B Preparedness: Why companies must develop contingency plans if key external providers become PE-owned or cost-prohibitive.Training & Succession: The long-term risk of losing data fluency and mentorship opportunities as more tax work is outsourced.Talent Competition: How shifting business models could create a labor crunch and spawn a “next generation” of boutique CPA firms.📌 Top Quotes“Productivity is a double-edged sword. You either own it—or it’s imposed on you.” – Tim McDonald “When private equity steps in, you need to make sure your agreements let you step out.” – Tony Santiago “Outsourcing can save money, but if you lose control of your data and your people, you lose leverage.” – Tim McDonald✅ Key TakeawaysReassess your outsourcing and co-sourcing contracts for ownership and continuity protections.Protect shared service talent through stronger engagement, visibility, and training.Start succession planning early to preserve institutional knowledge as automation and offshoring expand.👤 About the Guest SpeakerTim McDonald is the former VP of Global Taxes at Procter & Gamble, where he led a global team across 30+ countries for nearly two decades. With prior leadership roles at Baxter International and in public accounting, Tim brings deep experience in tax strategy, transformation, and operational execution across complex, multinational environments.▶️ Next Steps for ListenersReview your firm’s outsourcing agreements for potential private equity exposure.Begin mapping contingency plans for key tax functions.Stay tuned for future Exposed episodes exploring how private equity is reshaping the professional services landscape. 📖 TaxNotes Article on Private Equity For access to the TaxNotes article, click here ➜  https://bit.ly/3TQPjkU 📬 Connect With UsFollow us on LinkedIn Visit TaxTalent.com

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