EY Faces Knotty Split of Its Lucrative Tax Business

Ernst & Young’s tax experts bring in lots of cash and are highly valued by the firm’s clients. Many members of the 70,000 strong group don’t know where they will be working next year, or if they will be competing against each other.

The proposed breakup of EY into a steady firm focused on auditing companies and a faster-growing consulting business has reached the nitty-gritty phase after its top executives approved the split.

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