Indirect Taxes, Canada: Cross-Border Developments
Court decisions, interagency tensions, and ETA amendments could significantly affect taxpayers doing business in Canada or with Canadian companies
Three recent Canadian goods and services/harmonized sales tax (GST/HST) developments may have significant consequences for and warrant close attention from those engaged in businesses either in Canada or outside Canada with business or financial interests in Canada, as well as their tax advisors. One of these concerns is whether the…
Indirect Taxes: United Kingdom
Brexit expected to affect tax policy for at least a generation
On June 23, 2016, the United Kingdom voted in a national referendum on whether the UK should remain a member of the European Union. It was a simple in-or-out question asked of the British people, of whom 51.9 percent voted to leave the EU and 48.1 percent voted to remain.…
Indirect Taxes: India
Goods and services consumption tax heralds new era
India is witnessing one of the most significant events in its fiscal history with the introduction of the goods and services tax (GST), a single comprehensive destination-based consumption tax. The country’s current indirect tax system consists of the following taxes levied by the federal and state governments: The GST framework…
TEI Roundtable No. 15: A VAT in the United States—Fat Chance?
Will we ever enact a value-added tax, or is it just too political?
Many countries in the world have a value-added tax (VAT), including our neighbor to the north. But, so far, Congress has shied away from implementing a VAT in the United States, for—and let’s be real—mostly political reasons. But is it an impossibility? For this roundtable, we convened a group of…
Best Practices for Adapting to Changing Tax Regimes
Jurisdictions around the world are increasingly using indirect tax legislation to drive tax revenue. For tax professionals in multinational organizations, it’s a dizzying task staying abreast of these changes and their implications for business. However, to effectively manage and minimize your company’s audit risk, it’s crucial to understand and adapt… Read more »
Imports and Exports, Canada: What You Really Need to Know About GST/HST
The ins and outs of a multistage value-added tax payable by the ultimate consumer
When doing business with another country, the sales tax implications are an important consideration. It is possible for nonresidents of Canada1 to acquire goods and services in Canada for export without having to pay the goods and services tax/harmonized sales tax (GST/HST). It is also possible for nonresidents to provide…
San Francisco Chapter
Holds Its Annual IRS Day in February at Golden Gate University
The San Francisco Chapter of TEI held its annual IRS Day on Wednesday, February 22, at Golden Gate University in San Francisco. The IRS panel included Kimberly Edwards, director, western compliance practice area; Jolanta Sander, director, field operations west, cross borders activities; and Gloria Sullivan, director, financial institutions and products.…
Atlanta Chapter
Holds Monthly Lunch Meeting
The Atlanta Chapter’s monthly lunch meeting on March 21, presented by Dixon Hughes Goodman at Maggiano’s Little Italy, covered various Financial Accounting Standards Board updates for revenue recognition and leases. The speaker was Paul Lundy, partner at Dixon Hughes Goodman, LLC. Also, Chiquita Edwards of the Atlanta Chapter presented…
Emerging Leader: Stephen Dunphy
It’s almost axiomatic that a great teacher can make a major difference in your career, whether your field is athletics, entertainment, technology, or, yes, even tax. That certainly has been true for Stephen Dunphy, vice president, tax operations, at Ross Stores Inc. in the Silicon Valley. Dunphy earned his undergraduate… Read more »
Rites of Spring, Washington-Style
Springtime in Washington means cherry blossoms, federal budget proposals, debt ceiling debates, and a host of other seasonal events. In the TEI world, we count our Internal Revenue Service (IRS) and Treasury liaison meetings and our Midyear Conference as falling into this “seasonal” bucket. These events, to gather and exchange… Read more »
Are Tax Insurance Proceeds Taxable? Tax insurance has emerged as a cornerstone of corporate tax…
OBBBA Modifications to US Taxation of International Income The One Big Beautiful Bill Act (OBBBA), which was signed…
How Does Conformity Impact State Revenues After the OBBBA? State conformity with the Internal Revenue Code (IRC) refers to…
Are Research Credit Interviews and Write-Ups Obsolete? Upon joining a Big Four firm in Washington, D.C.—then known…
Janelle Gabbianelli According to Janelle Gabbianelli, her first job was the catalyst…
Why Co-Sourcing Tax Technology Is Your Best Bet In today’s complex regulatory landscape, tax departments are being pushed…