Author: Tax Executive Staff

Refund Claims—Don’t Leave Money on the Table
The Expert: Rob Kovacev

by Tax Executive Staff
March 12, 2018
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Refund claims for open tax years are an often overlooked opportunity to ensure that a taxpayer takes advantage of tax benefits to which it is entitled. The recent tax reform legislation makes refund claims more valuable, particularly for tax benefits that will be reduced or eliminated beginning in 2018. It…

OECD Corporate Tax Rates

by Tax Executive Staff
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Compared with the thirty-four other countries in the Organisation for Economic Co-operation and Development (OECD), until recently the United States boasted the highest corporate tax rate, but with the signing of the Tax Cuts and Jobs Act of 2017 in December, the United States significantly lowered its rate from thirty-five… Read more »

Philadelphia Chapter
Holds Annual Wine Tasting and KPMG Continuing Education Event

by Tax Executive Staff
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TEI’s Philadelphia Chapter recently held its annual wine tasting and KPMG continuing education event at Grace Winery in Glen Mills, Pennsylvania. KPMG opened the event with an excellent, informative CPE program on the federal tax reform initiative underway in Washington, D.C., and financial reporting. After the CPE program, members adjourned…

Cincinnati-Columbus Chapter
Holds Annual Student Night

by Tax Executive Staff
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The Cincinnati-Columbus Chapter held its 2017 Student Night on Monday, November 13. James D’Ippolito, the Chapter’s academic committee chair, awarded scholarships to students from the University of Dayton, Xavier University, Northern Kentucky University, Ohio State University, and Capital University. On Student Night, a longtime tradition of the Cincinnati-Columbus Chapter, scholarships…

TEI Honored for Role in State Tax Notes’ “Project of the Year”

by Tax Executive Staff
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On December 18, 2017, State Tax Notes honored TEI’s role in a joint industry task force working to create a model revenue agent report (RAR) statute, which State Tax Notes featured as its “Project of the Year.” The task force, comprising representatives from TEI, the American Bar Association’s state and… Read more »

Nuts, Bolts, and Nuances of the Competent Authority Process
Relief is provided in most cases, but pitfalls and new issues are multiplying

by Carol Dunahoo
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The competent authority procedure is a dispute resolution mechanism available to taxpayers facing cross-border disputes under an applicable tax treaty. The taxpayer may invoke this procedure to require the tax administration’s competent authority function to “endeavor” to resolve the dispute by “mutual agreement” with its counterpart in the treaty partner…

Tax-Efficient Supply Chain in Shadow of Tax Reform
GILTI, FDII, and BEAT: they’re not just acronyms—they require reassessing tax consequences of existing supply chain structures

by Moshe Spinowitz
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For the past quarter century the same legal framework and economic incentives have driven how multinational corporations structure their supply chains. Relatively high U.S. corporate rates incentivized companies to locate valuable assets and operations in lower-taxed jurisdictions; the United States’ worldwide tax regime incentivized retaining and reinvesting those earnings outside…