VAT Extends Global Reach
Why Don’t We Have VAT in the U.S.?
Question: What do more than 160 countries have that the United States does not? Answer: A value-added tax (VAT) VAT is a broad-based consumption tax, chargeable at every stage of the supply chain, up to the retail stage, that generally allows the recovery of input tax for businesses and results…
An Opportunity at the Intersection of Transfer Pricing, Customs, and Indirect Tax
Within your global supply chain, transfer pricing, customs, and indirect tax are undeniably connected. Each step in the global supply chain is intertwined—from setting the transfer price and customs import valuation to goods receipt and invoicing. As a result, changes in one link affect the next, which illustrates the value… Read more »
Cooper Monroe
At Duke Energy Corporation, Director of State Tax Cooper Monroe keeps state and local tax (SALT) an essential ingredient in his corporate tax law diet. But instead of causing hypertension and increased use of a sphygmomanometer, commonly known as a blood pressure gauge, Monroe’s SALT experience moves the needle in… Read more »
Supreme Court Rules Maryland Personal Income Tax Unconstitutional in Wynne
On May 18, the U.S. Supreme Court decided Comptroller v. Wynne, holding that Maryland’s personal income tax—which did not offer its residents a full credit for income taxes paid to other states on income they earned in those states—was unconstitutional. The Court’s decision was deeply divided, with a 5-4 majority opinion… Read more »
Philadelphia and Harrisburg Chapters
Present Scholarships to Six Deserving Students
An annual highlight of the TEI Philadelphia and Harrisburg chapters’ years is awarding scholarships to six outstanding candidates from local universities. Scholarships for the 2014–15 year were recently awarded. Each year, the chapters pool their resources to maximize scholarship awards. A scholarship candidate must be a junior or senior accounting…
Portland Chapter
Hosts Annual Tax Conference
On April 29, more than 100 tax professionals gathered at the Multnomah Athletic Club in Portland, Oregon, for the TEI Portland Chapter’s Annual Tax Conference. Chapter President Michael Burch of Nike started the conference by welcoming participants. Eric Solomon, co-director of Ernst & Young’s national tax department, delivered the keynote…
2015–16 Executive Committee Prepares to Take TEI Reins
At TEI’s Annual Meeting of Members August 9–11, the 2015–16 international president will be sworn in, and the transition to the new Executive Committee will take place. C.N. “Sandy” Macfarlane becomes the international president; Janice Lucchesi, senior vice president; Robert Howren, secretary; and James Silvestri, treasurer. The other new Executive… Read more »
Ivan Bastasic of the Canadian Revenue Agency Receives TEI’s Distinguished Service Award
TEI was pleased to recognize Ivan Bastasic for his 33-year service to the international tax community with the Distinguished Service Award at the 2015 Annual Canadian Tax Conference in May. Ivan recently retired from the Canadian Revenue Agency (CRA), most recently serving as special adviser to the director general in… Read more »
TEI Welcomes New Website and Community Manager
Lorelei Bassi joined TEI in April as the website and community manager in the marketing and communications department. She handles all things Web- and social media-related, ensuring that TEI websites, social media channels, and the community platform TEIConnect are updated and accessible, while tracking usage and trends. Lorelei will also… Read more »
Emerging Leader: Mark Pollard
Corporate tax attorneys have a variety of interesting experiences before they ultimately see the light, but not too many TEI members possess the backstory of the Emerging Leader profiled in this issue of Tax Executive. Mark Pollard is international tax counsel at Kimberly-Clark and the new chair of the U.S.… Read more »
Tax Valuation Considerations for M&A Transactions Public corporations, private equity-backed portfolio companies, and privately held companies…
The Market for Clean Energy Tax Credits Is Booming The Expert: Rob Parker Since Congress passed the Inflation Reduction…
Your Complete Pillar Two Playbook Today’s resource-challenged tax departments often find it necessary to focus…
The SALT Team of the Future To respond to rapidly changing state and local tax (SALT)…
Purchasing Clean Energy Tax Credits The Inflation Reduction Act of 2022 (IRA) greatly expanded energy-related…
Gorka Echevarria When Gorka Echevarria made the move to Lexmark in 2018,…