Author: Tax Executive Staff

Talent and Technology— Important Intertwined Issues
An interview with Thomson Reuters’ Robert Bahash

by Tax Executive Staff
March 29, 2023
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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
Vancouver Chapter

by Tax Executive Staff
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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…

TEI Submits Comments on Proposed Canadian EIFEL Rules

by Tax Executive Staff
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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 »

TEI Requests Guidance on the Capitalization of R&E Expenditures Under Section 174

by Tax Executive Staff
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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 »

How Remote Workforce Programs Trigger Myriad Tax Problems—Part One
What’s triggered? How about fringe benefits, federal and state tax withholding, and information-reporting issues?

by Mary B. Hevener, Steven P. Johnson, Barton W. S. Bassett, and Cosimo Zavaglia
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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…

TEI Comments on OECD Pillar Two GloBE Tax Certainty Consultation

by Tax Executive Staff
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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 »

The “Most Interesting Man in the World” of R&D Tax Credits
Using Dan’s technology tips to improve your process today

by Jason Massie
February 9, 2023
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Remember the Dos Equis beer ads where a bearded, distinguished-looking older gentleman wrestled bears, had drinks with Castro, and climbed Everest with his mom on his back as the bombastic voiceover recounted his daring exploits? “Bear hugs are what he gives bears. He lives vicariously through himself. His mom has…

Apportionment: Normal Formulas Are Unfair and Can Be Challenged
Let’s acknowledge that companies’ advantages in the market arise partly from their human capital and use of assets—both tangible and intangible

by Mitchell A. Newmark and Eugene J. Gibilaro
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For the 2022 tax year, of the forty-five states (plus the District of Columbia) that impose a corporate income tax, more than thirty require the use of a single sales factor normal apportionment formula; and, when we also consider states that put additional weight on the sales factor, that number…