TEI Roundtable No. 43: Separate, Combined, and Worldwide Unitary State Filings
Some practical advice for making these key decisions
One of the most talked-about education sessions at this year’s Midyear Conference in March was the session titled “Separate, Combined, and Worldwide Unitary State Filings—What’s New?” We thought this very important state and local tax topic deserved more discussion, so we convened a roundtable in May to take a deeper…
Continuing Education Calendar
2023 Annual Meeting of Members August 7–9 Newberg, OR US International Tax Course August 14–18 Atlanta, GA 2023 Annual Conference (75th Anniversary Celebration) October 22–25 New York, NY 2024 74th Midyear Conference March 17–20 Washington, DC Visit tei.org/events-education for the latest conference and event information.
Buying and Selling CFCs Under New Corporate Alternative Minimum Tax Regime
Statute may prove expensive and cumbersome
As part of the Inflation Reduction Act, Congress enacted a new corporate alternative minimum tax (CAMT) that may prove both expensive and cumbersome for large multinationals. Added to the insult of the minimum tax that must be paid is the injury of a rude awakening: that tax professionals can no…
TEI’s Tax Tech Seminar Gains Momentum
TEI’s 2023 Tax Technology Seminar was imbued with a fresh energy, with key sessions and discussions at the ever-evolving intersection of tax and tech. The following is some of the feedback TEI received from attendees. If you were not able to attend this year’s Tax Technology Seminar, keep an eye… Read more »
CTO Outlook
In KPMG’s “2023 Chief Tax Officer Outlook” study, the firm examined current and future challenges and opportunities that tax functions face. Drawing on data from KPMG’s fall 2022 survey of 300 CTOs, one-on-one interviews with a handful of CTOs representing a broad set of businesses, and input from KPMG’s tax… Read more »
TEI Comments on Australian Public CbC Reporting Proposal
On April 28, TEI submitted comments to the Australian Treasury regarding the Treasury’s proposal to require certain companies to publicly disclose tax information on a country-by-country (CbC) basis. TEI’s comments focused on the differences between the Australian proposal and other initiatives to publicly report CbC data around the world, which… Read more »
TEI’s Staff Hits the Road
43rd Annual Region 10 Conference On April 26–28, TEI Region 10 hosted its forty-third annual conference in Huntington Beach, California. TEI Tax Counsel Kelly Madigan attended the conference and moderated a fireside chat with Jonathan Traub and Todd Metcalfe, during which they discussed the latest developments on the Hill, including… Read more »
TEI Comments on Proposed Penalty for Canadian GAAR Violations
On May 31, TEI filed comments with the Department of Finance Canada regarding a proposal to impose a penalty on taxpayers who violate Canada’s general anti-avoidance rule (GAAR). TEI commented that a distinct penalty for violations of the GAAR was not necessary given the current structure of the Canadian income… Read more »
Prepare for Public Country-by-Country Reporting With public country-by-country reporting (CbCR) on the horizon, companies with…
Question: How Can Companies Take Advantage of Digital Assets With No Tax Impact? Digital-asset-based loyalty and reward programs allow companies to create a…
The Rise of the Excise Tax In August 2022, Public Law No. 117-169—commonly called the Inflation…
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Optimizing Your Tax and IT Stack Tax leaders, tax technologists, chief financial officers (CFOs), and chief…
Navigating Tax Risk in the Modern Era: Why Tax Technology Is Essential In today’s ever-changing tax world, managing the organization’s tax risk…