On August 28, TEI submitted comments to the Canadian Department of Finance regarding Canada’s 2025 pre-budget consultation along with TEI’s ideas for Canadian tax reform. TEI’s letter was prepared under the aegis of its Canadian Income Tax Committee, whose chair is Sandy Shanks. Benjamin R. Shreck, TEI tax counsel, coordinated… Read more »
On September 12, TEI submitted comments to the Canadian Department of Finance regarding proposed legislation that would enhance the Canada Revenue Agency’s audit powers. TEI commented on the difficulties taxpayers would have in handling CRA requests under the new audit powers, the unfairness of newly proposed penalties in many circumstances,… Read more »
In recounting her education, Natalie Friedman points out that she started at Wake Forest University as a history major. “I love learning about history, reading about it, watching the History Channel. But once in classes, I realized that I didn’t like writing about it, especially very long papers,” she laughs.… Read more »
In February, tax professionals from across the country gathered in Seattle for the TEI Tax Technology Seminar—an event that trained a bold spotlight on automation in tax. Among the most dynamic sessions was the automation competition, where ten participating teams showcased real-world tax automation solutions built on modern platforms. The… Read more »
On September 15, the TEI Cleveland Chapter held its ninth annual Scholarship Golf Outing, an event that continues to grow each year. This year’s outing brought together twenty-eight teams representing sixteen firms and generated a net profit of $10,000 to support scholarships at four Cleveland-area universities, as well as students…
TEI’s webinar series, Preparing for Pillar Two: Practical Steps for MNEs to Meet the Global Minimum Tax Rules, was a resounding success, with high levels of attendee engagement, excellent feedback, and high ratings across categories. Hosted virtually over six days on September 9–11 and 16–18, the inaugural webinar series offered… Read more »
The allure of sales tax automation is undeniable. Many companies, particularly large enterprises, embrace automation with the belief that it will solve all their sales tax challenges, accurately classifying taxable and nontaxable transactions without the need for human intervention. The buzz phrase “automating everything” often leads to a perception that…
Although states experienced significant tax revenue growth during the COVID-19 pandemic, many experienced revenue declines in fiscal year 2024, some for the second consecutive year.1 In response to economic downturns, state governments often intensify audit activity to raise revenue. One major focus for state tax audits has been, and will…
The global tax environment has seen fundamental changes in recent years. Base erosion and profit-sharing (BEPS), the digital economy, and US tax reform have caused changes around the world and, at the same time, fueled the insatiable appetite of governments for more tax dollars. Canada was not sheltered from this…
