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Teaching Tax Professionals to ‘Speak IT’
Practical steps for upgrading tax technology
Tax professionals are largely aware of the technologies available to supplement their departments’ operations—technologies designed to directly support tax functions, such as tax engines, return preparation programs, and certificate management applications as well as general-purpose technologies that can be leveraged for tax, like data enrichment platforms, robotic process automation (RPA),… Read more »
TEI Roundtable No. 30: Tax and Tax Technology
Meeting customer needs—now and in the future
If you’re a tax professional, you know the significance of tax technology. It’s just as important as tax regulations, tax transactions, or any other aspect of the field. That’s why the theme of this issue is tax technology, why we established Tax Technology Corner as a regular column in this… Read more »
Funding Is All About Storytelling
Stories can trigger passion, inspiration, and loyalty—and compelling ones inspire emotional investment
One of our favorite clients, Gary, once told us a story as we began talking about a possible tax transformation project for the public company he had recently joined as its new vice president of tax. Earlier in Gary’s career, he was the compliance tax manager for a large privately… Read more »
Innovation for VAT
Tax technology is changing how VAT applies to new and more complex business models, how tax authorities administer these taxes, and how businesses comply
The saying “There’s a way to do it better . . . find it!” is attributed to inventor Thomas Edison, but it encapsulates perfectly the current global indirect tax management landscape. In the last decade, innovations in tax technology have significantly changed not only how value-added tax (VAT), also known… Read more »
There’s a Mistake on Your Tax Return—Should You Fix It?
Check out this proposed framework for overall compliance
This article proposes a framework for deciding whether to fix a mistake found on a previously filed tax return. Rather than treating mistakes on previously filed tax returns as isolated events to be managed on an ad hoc basis—the usual and less effective approach—the proposed framework views the discovery of… Read more »
COVID-19 Disruption: Challenges for Life Sciences Companies (and Beyond)
Cash flow strategies are paramount, then come “postscript” considerations
The COVID-19 pandemic has had an unprecedented impact on the business community. The life sciences industry has not been immune to its effects, since the pandemic has affected consumer demand for life sciences products in sometimes unpredictable ways and has wreaked havoc on supply chains. Although some life sciences companies… Read more »
Road Map to a Transfer Pricing Controversy
Preparing for success in audits and litigation in a strict enforcement environment
In recent decades, the Internal Revenue Service has pursued numerous long-running and complex transfer pricing audits. Although many have been resolved administratively, or prior to trial, the IRS has a decidedly uneven record in its litigation of high-profile transfer pricing disputes, not infrequently finding itself in the loss column in… Read more »
TEI Roundtable No. 29: The Evolving Dynamic in IRS Appeals
There’s a blurring of the lines between Exam and Appeals
Every TEI member knows that a critical part of tax administration is the Internal Revenue Service’s Appeals process. But how has it changed in the last decade? To examine this issue, we convened an outstanding panel of corporate tax practitioners in this space, including Jean Pawlow, partner in the tax… Read more »
OECD Races Toward Completing Final Report on Digital Economy
But two fundamental “pillars” present structural challenges
The Organisation for Economic Co-operation and Development (OECD) is racing toward meeting an ambitious target by the end of the year that could radically change the way all multinational enterprises (MNEs) are taxed. The target—a final report—was set forth in January 2019 under the cover of addressing the digital economy.1… Read more »
Unilateral Taxation of the Digital Economy
The fight is not over yet—it’s only beginning
Notwithstanding the recent efforts of the G20/OECD Inclusive Framework on BEPS (hereafter the IF) to develop a uniform, multilateral, and consensus-based solution for taxing the digital economy, legislatures and tax administrations around the world continue to propose and enact a host of largely uncoordinated digital services taxes (DSTs) and other… Read more »
An Overview of the EU Public Country-by-Country Reporting Rules The European Union (EU) has long been at the forefront…
Optimizing Tax Through Structured Data Storage and Data Pipelines In today’s fast-paced digital business environment, tax departments are under…
Preparing Now for 2025 Tax Legislative Activity Editor's note: This article was finalized prior to President Donald…
TEI Roundtable No. 51: The Future Corporate Tax Department As tax moves into the future, in-house professionals are experiencing…
How Tax Insurance Can Be a Valuable Tool for Managing Transfer Pricing Risk in 2025 and Beyond Heightened regulatory scrutiny around the world has made transfer pricing…
TEI to Comment on New Proposed Section 987 Regulations The US Treasury Department and Internal Revenue Service published new…