Departments and Columns
Despite BEPS, Speed Remains Top Global Tax Challenge
The OECD’s Base Erosion and Profit Shifting (BEPS) initiative is progressing toward a crucial phase during which U.S. policymakers will balance its priorities with their own agendas. This initiative will doubtlessly create new concerns as well as new opportunities for multinational companies whose businesses transcend borders. But necessary preparation for… Read more »
The New Partnership Audit Rules
The Expert: Kathryn Keneally
The Bipartisan Budget Act of 2015, signed into law November 2, 2015, repealed the long-standing audit and litigation procedures for partnerships that had been enacted in the Tax Equity and Fiscal Responsibility Act of 1982 and created a statutory framework for new partnership audit rules. The new partnership audit rules… Read more »
A Progress Report Ahead of the Holidays
As we head into the holiday season, I wanted to share some impressions from the recently concluded TEI Annual Conference in Dallas, as well as report on the progress being made against several of our 2015–16 Building for the Future goals. Until now, I had never fully appreciated the degree… Read more »
Understanding BEPS and the Impact of Country-by-Country Reporting
The rise of the digital economy coupled with increased globalization and more fluid movement of capital has undeniably changed the way multinational corporations operate, providing them with immeasurable opportunities for global tax planning. With tax regulations still grounded in the past with little regard for intangibles or global risk management,… Read more »
TEI’s 70th Annual Conference, Dallas Style
TEI hosted its 70th Annual Conference October 18–21 in Dallas, Texas, with great support from sponsors and a tremendous effort from the Dallas Chapter in helping to coordinate the event. From the first sponsored evening entertainment to the last panel, it was a fantastic few days of continuing education, networking,… Read more »
Sandhya Edupuganty
Many of us don’t like change. Sandhya Edupuganty embraces it. “I recognize the importance of and enjoy change, which is why I specialized in tax and have had the benefit of seeing what works and what can be improved. I believe it is important for tax departments to streamline and automate… Read more »
Emerging Leader: Jacqueline Hart
“Taxes are inevitable. People complain about them, but many do not understand tax and the ways to manage or minimize tax liability.” With that explanation, it’s easy to understand why Jacqueline Hart chose to go directly into the tax department at Ernst & Young (EY) right after graduating from college.… Read more »
State Tax Incentives Become Bargaining Chips in a Globally Mobile Economy
There once was a time when a business’ headquarters location was based on proximity to natural resources and transportation networks. If you owned a mill, you worked near a river. If you exported goods, you were near a port. While some of those geographical limitations still exist, most businesses operating… Read more »
The IRS, Privilege, and Transparency
The Experts: Todd Welty, Mark Thomas, and Kevin Spencer
The IRS has imposed increasing disclosure demands on large, multinational taxpayers, requesting filing of a slew of additional documents and forms. Question: How will the Schaeffler case affect the IRS’ ability to require additional disclosure documents from taxpayers? Answer: In the last decade, the Internal Revenue Service (IRS) has shifted… Read more »
On the Job — and Thrilled To Be Here
It is an honor to serve as your international president. While it seems like only a short time ago that I received the happy news from Nominating Committee Chair Paul O’Connor that I had been nominated for TEI treasurer, almost four years have, in fact, passed. During that time, I have… Read more »
AI in the Tax Department: Getting Tax a Seat at the Table Artificial intelligence (AI) is reshaping business functions rapidly, yet many…
Planning for IRS Audits in an Era of Uncertainty In its ongoing crusade against so-called “basis-shifting” transactions, the Internal…
Transfer Pricing and Valuation in Financial Transactions Business transactions such as mergers, acquisitions, and reorganizations often necessitate…
TEI Roundtable No. 53: Using AI for Tax Law Research As artificial intelligence continues its scorching rise, in-house tax professionals…
Andreia Verissimo Andreia Verissimo, the senior manager for US tax policy at…
TEI Roundtable No. 52: FASB Accounting Standards Update 2023-09—Income Taxes (Topic 740) As financial reporting evolves, the Financial Accounting Standards Board (FASB)…