On February 13, TEI filed comments with the Canada Revenue Agency regarding Draft Form RC312 – Reportable Transaction and Notifiable Transaction Information Return. TEI’s comments primarily concerned the volume of information required by the form as well as the unclear nature of several provisions on the form. TEI’s comments were… Read more »
The Tax Foundation’s State Business Tax Climate Index is intended to show how well state tax codes stack up against those of other states, with the goal to provide a road map to improve the system. Each year, the Tax Foundation updates the index and ranks the states. Among the… Read more »
When Melissa Smith was in her second year of law school, she thought most students knew what they wanted to do in their budding legal careers. “Some wanted to be litigators, some wanted to be corporate lawyers. Everybody seemed to know, and I had no clue.” But then, she says,… Read more »
Michael Levin-Epstein, Tax Executive’s senior editor, interviewed Robert Bahash, general manager of Thomson Reuters’ corporate tax and trade business unit, for this Perspective article in December 2022. Michael Levin-Epstein: I know that you’re coming off Thomson Reuters’ big SYNERGY conference attended by about 1,000 tax professionals, so you’re keenly aware…
Betty Mak, president of TEI’s Vancouver Chapter and director of tax at Maxar Technologies, says that, coming out of the pandemic, it has been important for her to help members reconnect. What’s more, Mak says, she’s glad she has reconnected with students from the University of British Columbia (UBC), where…
On January 31, TEI filed comments and recommendations with the Canadian Department of Finance regarding proposed excessive interest and financing expense limitation (EIFEL) legislation. The Institute’s recommendations included delaying the effective date of the rules, providing transition relief, and not applying the EIFEL rules when computing the foreign accrual property… Read more »
On November 30, TEI submitted written comments to the US Department of the Treasury and the Internal Revenue Service requesting guidance on changes to Section 174 under the Tax Cuts and Jobs Act of 2017, effective for tax years beginning after December 31, 2021. TEI’s comments were developed by members… Read more »
Editor’s note: Given the complexity of this topic, this will be a two-part article. This first part addresses fringe benefits, federal and state tax withholding, and information reporting. The second part, which will appear in the May-June issue of Tax Executive, will address 1) tax reporting and withholding under remote-work…
At about the halfway point in my presidency, I thought it would be a good time to take stock of what we have accomplished so far and to look ahead to what’s on the agenda over the next few months. All we accomplished so far was a team effort, with… Read more »
On February 3, TEI provided comments to the Organisation for Economic Co-operation and Development (OECD) regarding its public consultation on GloBE tax certainty under the OECD’s two-pillar approach to the tax consequences of the digitization of the economy. The Institute’s comments focused on preventing and resolving tax disputes arising from… Read more »
