Institute News
TEI Submits Comments on Draft Form RC312 Under Canada’s Mandatory Disclosure Rules
On February 13, TEI filed comments with the Canada Revenue Agency regarding Draft Form RC312 – Reportable Transaction and Notifiable Transaction Information Return. TEI’s comments primarily concerned the volume of information required by the form as well as the unclear nature of several provisions on the form. TEI’s comments were… Read more »
TEI Submits Comments on Proposed Canadian EIFEL Rules
On January 31, TEI filed comments and recommendations with the Canadian Department of Finance regarding proposed excessive interest and financing expense limitation (EIFEL) legislation. The Institute’s recommendations included delaying the effective date of the rules, providing transition relief, and not applying the EIFEL rules when computing the foreign accrual property… Read more »
TEI Requests Guidance on the Capitalization of R&E Expenditures Under Section 174
On November 30, TEI submitted written comments to the US Department of the Treasury and the Internal Revenue Service requesting guidance on changes to Section 174 under the Tax Cuts and Jobs Act of 2017, effective for tax years beginning after December 31, 2021. TEI’s comments were developed by members… Read more »
TEI Comments on OECD Pillar Two GloBE Tax Certainty Consultation
On February 3, TEI provided comments to the Organisation for Economic Co-operation and Development (OECD) regarding its public consultation on GloBE tax certainty under the OECD’s two-pillar approach to the tax consequences of the digitization of the economy. The Institute’s comments focused on preventing and resolving tax disputes arising from… Read more »
TEI Welcomes Three New Staff Members
We are excited to announce that three new staff members have joined TEI, bringing our total staff to sixteen full-time professionals. Judi Raigns Judi Raigns joined TEI in November as TEI’s new AMS administrator and data analyst. Raigns leads efforts to form data governance standards and serves as the central… Read more »
TEI Presents Awards at 77th Annual Conference
At TEI’s 77th Annual Conference, the Institute presented awards to three key members in the TEI family: Debbie Giesey, Judy Zelisko, and Paul O’Connor. Debbie Giesey TEI presented the Distinguished Service Award to Debbie Giesey, TEI’s director of administration, who retired in October 2022. The award recognizes outstanding service to… Read more »
TEI Canadian Commodity and Income Tax Committees Hold Annual Liaison Meetings
On December 6–7, members of TEI’s Canadian Commodity Tax Committee and TEI’s Canadian Income Tax Committee met with representatives from the Canada Revenue Agency (CRA) and Department of Finance Canada to conduct their annual liaison meetings. The 2022 meetings featured robust agendas covering a range of tax law, policy,… Read more »
TEI Holds First ‘Simulive’ Event
This past August and September, TEI held its first simulive event, the 2022 Tax Technology Simulive Seminar. The in-person Tax Technology Seminar took place in May in San Francisco, and the simulive event enabled more TEI attendees to participate in the event virtually several months later. The simulive format involved… Read more »
TEI Submits Comments on the European Commission’s Proposed Directive on Debt-Equity Bias Reduction Allowance
On July 28, TEI submitted comments to the European Commission (EC) regarding the EC’s proposal to set forth rules on a debt-equity bias reduction allowance (DEBRA) and on limiting the deductibility of interest for corporate income tax purposes. The EC proposed to accomplish this objective by providing for “the deductibility… Read more »
TEI Comments on European Commission’s Proposal to Implement Uniform EU-Wide Withholding Tax System
TEI commented on the initiative of the European Commission (EC) to introduce a common, European Union-wide system for withholding taxes on dividend and interest payments in June 2022. The initiative is intended to standardize and simplify the varied withholding tax approaches of EU member states. Those approaches vary by country,… Read more »
Are Tax Insurance Proceeds Taxable? Tax insurance has emerged as a cornerstone of corporate tax…
Transfer Pricing in Transition Although states experienced significant tax revenue growth during the COVID-19…
Managing Canadian Tax Risk The global tax environment has seen fundamental changes in recent…
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…
The One Big Beautiful Bill Act In July 4, President Donald Trump signed into law the…