Features
2017 Annual Report
Institute Officers Audited Consolidating Financial Statements Tax executives Institute, Inc. and TEI Education Fund June 30, 2017 Independent Auditor’s Report To the Board of Directors Tax Executives Institute, Inc. and TEI Education Fund We have audited the accompanying consolidating financial statements of Tax Executives Institute, Inc. and TEI Education Fund… Read more »
Addressing New Federal Partnership Audit Rules and Reporting of Federal Adjustments to States
Bipartisan Budget Act of 2015 provides opportunity for greater uniformity
In recent years Tax Executives Institute, Inc. (TEI), has met with various state organizations and revenue departments to encourage standardizing the rules for reporting federal audit adjustments. These efforts have been fruitful but have even greater potential for success with the passage of the Bipartisan Budget Act of 2015 (BBA),… Read more »
Congress Pivots From Health Care to Tax Reform
Ultimate outcome on taxes in 2017 still up in the air
Benjamin Franklin is frequently credited with saying that there’s nothing certain in life except death and taxes. I would suggest an addendum to this adage for 2017: another certainty is the steady drumbeat of news stories claiming that tax reform is imperative and imminent. Years of hearings, commissions, white papers,… Read more »
Section 199 and Cloud Software: Clearing the Fog
Are you up-to-date on current Treasury regs?
The domestic production activity deduction under Section 199 of the Internal Revenue Code of 1986, as amended (hereinafter “Section 199”), provides a deduction equal to nine percent of the lesser of taxable income or income attributable to certain qualified production activities. For the 2016 fiscal year, this deduction was estimated… Read more »
Practical Questions for Multinationals in an MLI World
MLI moves to implementation with open issues and challenges
Now that the multilateral instrument (MLI)1 coordinated by the Organisation for Economic Cooperation and Development (OECD) has been signed by over seventy jurisdictions,2 the new international tax agreement has moved to the implementation phase, with open issues and challenges ahead. The practical outgrowth of the OECD’s project to address base… Read more »
Introducing VAT in the Gulf States
Development affects not only domestic supplies of goods and services but also purchases made from unestablished suppliers
The Gulf Cooperation Council (GCC), which comprises the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar, and Kuwait, has decided that its member countries will implement a value-added tax (VAT) system by 2018. This decision was adopted in the context of a dramatic drop in recent years in the oil… Read more »
Your Tax Data Is Ripe for Artificial Intelligence. Are You Prepared?
AI is still evolving, but machine learning is already here
Entrepreneur and Tesla cofounder Elon Musk recently sparked controversy when he labeled artificial intelligence (AI) the “biggest existential threat” to humanity. On the flip side, according to Sandhya Venkatachalam of Centerview Capital Technology, AI can be used to fundamentally rethink how we solve the world’s problems and has the potential… Read more »
Best Practices in Tax Compliance Outsourcing
Start the journey with a well-designed RFP
Tax compliance isn’t for the faint of heart these days. Proper execution can directly affect cash flow, the defensibility of tax return positions, risk management, and ultimately the public’s perception of your company as a responsible taxpayer. In the face of these concerns, as well as ever-changing tax laws and… Read more »
Bots, Natural Language Processing, and Machine Learning
Yes, these will impact your tax practice, but when and how much are still unclear
Tax professionals in all industries run into a common problem: the constant confrontation with rapidly changing technology that is camouflaged by overly complicated terminology, with few people explaining things in language that laypeople can understand. Such is the problem when you start a conversation on, say, robotic process automation or… Read more »
The Internet, ‘Fake News,’ and Tax Research
Yes, they really do affect your bottom line
Before the days of the internet, tax research was conducted by tax professionals with access to information not readily available to the general public and followed high editorial standards. Corporate tax executives might have challenged the conclusions of the research, but they did not have to think twice about the… Read more »
New Group Pricing Structure One of my key goals for the 2025–2026 fiscal year…
Corporate Apportionment of Partnership Income A decision issued by the Virginia Court of Appeals, FJ…
2026 State Tax Changes According to the Tax Foundation, forty-three states made significant changes…
The Price of Regulatory Certainty Prior to the Inflation Reduction Act (IRA) of 2022, transferability…
Masha Freyvert When Masha Freyvert was an undergraduate at Boston University, she…
The Supreme Court Ruling and the Potential for Tariff Refunds: Their Impact on Transfer Pricing When the United States introduced reciprocal tariffs in April 2025,…