News
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 »
TEI Submits Comments on CAMT Proposed Regulations
On January 16, TEI submitted comments on the proposed regulations on the corporate alternative minimum tax (CAMT). TEI’s comments addressed foreign tax credit considerations and provided recommendations for modifications to adjusted financial statement income related to the treatment of investments in certain financial instruments and the treatment of certain covered… Read more »
TEI World Tour
International President Josephine Scalia’s travels have been underscored by global engagement and inspiration
TEI International President Josephine Scalia is no stranger to worldwide travel, but this go-around, she got firsthand experiences with the Institute’s global community—in droves. Since August, Scalia traveled from her native Canada, throughout the United States, to the Middle East, and across Asia, with her journey ending in December. “In… Read more »
CRA Responds to TEI’s 2023 Liaison Meeting Commodity Tax Questions
The Canada Revenue Agency (CRA) has submitted its written responses to TEI’s December 2023 CRA-TEI liaison meeting questions regarding commodity taxes. Review the CRA’s responses here.
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’s (PST’s) definition of “software,” including the retroactive impact of… Read more »
TEI Submits Comments on Simplifying Pillar Two Reporting
On December 17, TEI submitted comments to the Organisation for Economic Co-operation and Development (OECD) recommending that it simplify the Pillar Two reporting requirements. TEI recommended that the OECD help coordinate the timing of payments, adjustments, and refunds across jurisdictions, which would reduce multinational enterprises’ compliance burdens. Other recommendations included… Read more »
TEI Holds TechTAXcelerate 2024 Webinar Series
From December 16 to 19, TEI hosted its second annual TechTAXcelerate webinar series, an innovative event dedicated to exploring the transformative role of technology and artificial intelligence (AI) in modern tax practices. Over four days, attendees participated in eight ninety-minute sessions led by industry experts, in-house technology pioneers, and leading… Read more »
TEI Canadian Committees Meet With CRA and Department of Finance Canada
TEI’s Canadian Income Tax Committee (CITC) and Canadian Commodity Tax Committee (CCTC) held liaison meetings with the Canada Revenue Agency (CRA) and the Department of Finance Canada on November 19 and 20 in Ottawa. The meetings were well attended by members of the committees. Benjamin R. Shreck and Kelly Madigan,… Read more »
TEI Holds 2nd Annual Ethics CPE Webinar Series
From December 9 to 12, TEI hosted its 2nd Annual Ethics CPE webinar series, offering tax professionals an opportunity to earn 2024 ethics credits while enhancing their understanding of critical ethical issues in the tax practice. The series featured seven one-hour webinars covering a range of topics, including privilege and… 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…
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)…
Preparing for Successful SALT Audits Audit preparedness is crucial, since federal and state agencies have…