On December 10, TEI submitted comments to the Department of Finance concerning the proposed changes to Canada’s income tax mandatory disclosure rules described in Budget 2021. TEI’s comments focus primarily on the government’s proposals to amend the Income Tax Act’s reportable transaction rules and introduce a new requirement for specified… Read more »
Our clients and our practice group members are increasingly occupied (and preoccupied) not only with challenges from the Internal Revenue Service but also with audit and enforcement actions from foreign tax authorities. In a world where many jurisdictions are increasingly hungry for tax revenues, the foreign subsidiaries of large multinationals…
On December 7–8, 2021, delegations of Canadian Income Tax Committee and Canadian Commodity Tax Committee members virtually participated in TEI’s annual liaison meetings with representatives of the Canada Revenue Agency (CRA) and Department of Finance. The 2021 meetings featured robust agendas covering a range of tax law, policy, and administration… Read more »
This is the first in a series of profiles of TEI chapter leaders. Without vibrant chapters and dynamic chapter leaders, we would not be able to provide our members with as many rewarding opportunities and networking connections as they have come to expect from TEI for decades. Chris Tressler is…
As the Institute works to provide the best opportunities—for networking, education, and advocacy—to our members, we’d appreciate it if you would take a few minutes to tell us more about yourself. It’s quick and easy to update your profile. Once you’re logged in at www.tei.org, you can edit your profile… Read more »
Teachers really do make a difference. Just ask Patricia Likogiannis how she got interested in tax as a career. “We had excellent tax instructors when I was an undergraduate majoring in math and accounting at the University of Waterloo,” she says. “Those teachers explained the structure, history, and reasons behind… Read more »
Every state has adopted an unclaimed property (or escheat) law, which generally provides that a holder of unclaimed property must escheat the property to the state after it has remained unclaimed by its owner for a certain period (usually three or five years). The unclaimed property is the legal obligation…
On December 9, TEI issued a compilation of substantive comments and recommendations concerning select corporate and international tax reform provisions in H.R. 5376, the Build Back Better Act, as passed by the House of Representatives on November 19, 2021. This submission represents the culmination of several months’ worth of consultation… Read more »
Happy New Year! As we begin what we expect will be another exciting year for TEI, its members, sponsors, and partners, let’s take a quick look back on 2021, which was very challenging—and very rewarding. It was thrilling to return to in-person meetings in 2021, with many of our chapters… Read more »
