For Mark Fadden, tax director at Amgen, the path to a career in tax began with an unexpected discovery during his CPA exam preparation. “I loved the corporate tax part of the CPA exam,” Fadden recalls. “When I took the practice session, I had this huge corporate income tax question,… Read more »
On November 19–20, a delegation of Canadian Commodity Tax Committee members participated in TEI’s annual liaison meetings with representatives of the Canada Revenue Agency (CRA) and Department of Finance. The 2024 meetings featured robust agendas covering a range of tax law, policy, and administration issues of importance to many TEI… Read more »
“He that pays last payeth but once.”1 The Biden administration published a flurry of tax regulations in its final days. Most of the final regulations implemented the Inflation Reduction Act, President Joe Biden’s economic legacy. However, one surprise was the finalization of the disregarded payment loss (DPL) regulations (hereinafter the…
On March 2, TEI submitted comments regarding the long-awaited proposed previously taxed earnings and profits (PTEP) regulations. TEI’s comments focused on the need to eliminate double taxation of PTEP by recommending a change to the proposed regulations’ “share-by-share” approach to Section 961 basis increases. TEI recommended that Section 961 basis… Read more »
David Norman’s path began in a small law firm in Western Massachusetts, where he laid the foundation of his tax career. From there, he made his way to Boston, joining KPMG’s state and local tax (SALT) practice. That experience led to a similar role at PwC, and later he took…
TEI gratefully acknowledges the support of its sponsors. Their financial support enables TEI to maintain a rich program of value-added education, networking, and advocacy activities for the in-house tax community. Exclusive Affinity Partner Thomson Reuters Platinum Andersen Birch Risk Advisors Bloomberg Tax & Accounting CAC Specialty Crowe LLP CSC Corptax… Read more »
As governments implement digital approaches to tax filing, reporting, operations, and management, standardization remains elusive—from requirements surrounding e-invoicing to continuous transaction controls (CTCs) and even to interpreting these terms themselves. To unpack the complex regulatory landscape, Sam Hoffmeister, Tax Executive senior managing editor, sat down with Nazar Paradivskyy, Thomson Reuters’… Read more »
One of the highest honors a TEI member can receive is the Institute’s President’s Award. At the 75th Midyear Conference in Washington, D.C., in March, TEI gave the President’s Award to Cathleen (Cathy) Stevens. Here’s a summary of Stevens’ impressive career and TEI service, as described by TEI’s international president,… Read more »
On March 20, TEI submitted comments to an expert subgroup of Organisation for Economic Co-operation and Development (OECD) Working Party 10 regarding its GloBE Information Return XML Schema and User Guide, which was published on January 15. TEI’s comments focused on the need for the OECD to provide more information… Read more »
This year, thirty-nine states made significant changes to their tax codes, effective January 1, continuing a trend of tax reforms to which we’ve become accustomed over the past several years. Changes to the tax code in seven states—Alaska, Connecticut, Louisiana, Nebraska, New Mexico, North Carolina, and Pennsylvania—are highlighted below, and… Read more »
