Institute News
UK Consultation for Digital Reporting and E-Invoicing
On May 1, TEI’s EMEA Indirect Tax and Customs Committee submitted a letter in response to His Majesty’s Treasury’s public consultation on real-time digital reporting and electronic invoicing. The letter expressed support for efforts to digitize and automate tax administration, including the adoption of e-invoicing. It also emphasized the importance… Read more »
TEI Comments—New Proposed Section 987 Regulations
On March 11, TEI filed comments with the Internal Revenue Service and the US Department of the Treasury regarding proposed regulations under Section 987, which were published on December 11. TEI’s comments included recommending that additional transactions be included in the recurring transfer group election under the proposed regulations, making… Read more »
British Columbia Minister of Finance Responds to TEI’s Submission on the Definition of Software for the PST
TEI received a letter from the British Columbia Minister of Finance in response to the Canadian Commodity Tax Committee’s March 29, 2024, submission. The committee had submitted a letter addressing the 2024 British Columbia Budget changes to the provincial sales tax (PST) definition of “software,” including the retroactive impact of… Read more »
CRA Responds to TEI’s Income Tax Questions From November Liaison Meetings
On November 19–20, a delegation of Canadian Commodity Tax Committee members participated in TEI’s annual liaison meetings with representatives of the Canada Revenue Agency (CRA) and Department of Finance. The 2024 meetings featured robust agendas covering a range of tax law, policy, and administration issues of importance to many TEI… Read more »
TEI Comments—Proposed PTEP Regulations
On March 2, TEI submitted comments regarding the long-awaited proposed previously taxed earnings and profits (PTEP) regulations. TEI’s comments focused on the need to eliminate double taxation of PTEP by recommending a change to the proposed regulations’ “share-by-share” approach to Section 961 basis increases. TEI recommended that Section 961 basis… Read more »
TEI Bestows President’s Award on Cathleen Stevens
One of the highest honors a TEI member can receive is the Institute’s President’s Award. At the 75th Midyear Conference in Washington, D.C., in March, TEI gave the President’s Award to Cathleen (Cathy) Stevens. Here’s a summary of Stevens’ impressive career and TEI service, as described by TEI’s international president,… Read more »
TEI Comments—OECD GIR XML Users’ Guide
On March 20, TEI submitted comments to an expert subgroup of Organisation for Economic Co-operation and Development (OECD) Working Party 10 regarding its GloBE Information Return XML Schema and User Guide, which was published on January 15. TEI’s comments focused on the need for the OECD to provide more information… Read more »
TEI Holds 75th Midyear Conference in Washington, D.C.
TEI’s 75th Midyear Conference, held at the Grand Hyatt Washington in March, brought together more than 300 in-house tax professionals, 135 speakers, and 40 exhibiting sponsors for an immersive experience designed to address the most pressing issues in today’s rapidly evolving tax landscape. This year’s Midyear Conference featured a comprehensive… Read more »
TEI Comments—Canadian Capital Gains Tax Increase
On January 20, TEI submitted comments to the Canada Revenue Agency (CRA) regarding its administration of a potential increase in the Canadian capital gains inclusion rate. TEI noted the inappropriateness of CRA administering the increase as if it has been enacted into law when it has not, as well as… Read more »
TEI Launches Tax Leadership Academy
On March 14, TEI launched its inaugural Tax Leadership Academy (TLA) at its offices in Washington, D.C. The TLA is a new educational opportunity developed to elevate leadership capabilities for in-house tax professionals. Topics to be covered include cornerstones of tax leadership, negotiation and influence, leading through change, and adaptability… Read more »
Managing Canadian Tax Risk The global tax environment has seen fundamental changes in recent…
Transfer Pricing in Transition Although states experienced significant tax revenue growth during the COVID-19…
The One Big Beautiful Bill Act In July 4, President Donald Trump signed into law the…
Beyond Automation: Why Having a Human in the Loop Is Critical for Sales Tax Compliance The allure of sales tax automation is undeniable. Many companies,…
TEI Holds Third International Tax Student Case Competition TEI held its third International Tax Student Case Competition at…
Automation in Action: Key Takeaways From the TEI Automation Competition In February, tax professionals from across the country gathered in…