Departments and Columns
Excise Taxes
The Expert: Debbie Gordon
Often to their detriment, many businesses are not focused on excise taxes and in fact may be unaware of them entirely. The truth is, excise taxes may have serious financial impacts on companies. In some cases, excise tax exposure may be material to a business. In the current uncertain economy,… Read more »
Tax, Tech, and Talent
Digital transformation of the corporate tax department promises significant return on investment—cost reduction, risk mitigation, and data-driven insights that grow revenue and profitability. In our 2020 Corporate Tax Departments Survey, Acritas, a Thomson Reuters company, and the Thomson Reuters Institute interviewed leaders of tax departments at twenty-three large US-based companies… Read more »
Tax Technology Transformation in 2020
“The tax function of tomorrow must master data intelligence.” That’s how EY identified an “intelligent tax function” in its 2020 Global Tax Technology and Transformation Survey report. To keep pace with today’s ever-evolving demands, it’s essential for tax departments everywhere to bridge the gap between data and technology, and this… Read more »
Larry Pociask
Tax is sometimes viewed as an amalgam of social, political, and economic influences. And it was precisely that combination that galvanized Larry Pociask’s interest in tax as a profession: “My interest in tax started with a great professor at Michigan State, Ed Outslay, who found a way to weave politics,… Read more »
Emerging Leader: Karin Li
Is there a connection between tax and math? To Karin Li, there certainly is. During her MBA studies, her professor assigned her a research project related to estate tax law, leading Li to make a discovery that would impact her professional life. “I found tax to be incredibly complex and… Read more »
Acknowledgements
September/October 2020
TEI gratefully acknowledges the support of the following firms that would have sponsored TEI’s Midyear Conference. Their financial support enables TEI to maintain a rich program of value-added education, networking, and advocacy activities for the in-house tax community. Exclusive Affinity Partner Thomson Reuters Platinum ADP Andersen Baker McKenzie Bloomberg Tax… Read more »
Choosing the Path Forward
I am honored to serve as TEI’s international president during its 75th Annual Conference year. The opportunity to help shape and guide the leading association of in-house tax professionals worldwide is one that provokes a great sense of gratitude and duty. I am humbled but delighted to take on the… Read more »
Automation and Analytics Through a Digitally Transformed (and Remote) Workforce
The Experts: Andy Ruggles and Allison LeClair
Our current environment is magnifying pressures on tax functions to take action in a changing regulatory landscape characterized by marketplace uncertainty, demands for accelerated reporting, better risk management, and greater use of technology in day-to-day operations. There is no perfect time to take the first step toward implementing new automation… Read more »
Eight Tips to Implement and Integrate Tax Technology
For corporate tax departments, implementing technology is a high-stakes, high-profile, can’t-afford-to-fail undertaking. We have seen cases when poorly executed projects have adversely affected senior tax executives’ compensation and job security. So, here are eight tips for getting it right. Align with corporate objectives. Solicit input from key stakeholders and craft… Read more »
TEI Requests Administrative and Payment Relief for State and Local Taxes in Response to COVID-19 Crisis
On March 25, 2020, TEI sent state and local tax organizations and state tax revenue agencies a letter seeking administrative, filing, and payment relief for state and local taxes in response to the COVID-19 crisis. TEI’s letter was prepared under the aegis of TEI’s State and Local Tax Committee, whose chair is Michell Rodriguez. TEI Tax Counsel Pilar Mata coordinated the preparation of the brief and was its principal author.
We write to urge state tax agencies to provide administrative and payment relief for state and local taxpayers in response to the COVID-19 pandemic. In-house tax practitioners responsible for preparing federal, state, and local tax returns of business taxpayers have been required to telework and, in many cases, shelter in… Read more »
State and Local Tax Implications for a Remote Workforce State and local tax issues related to remote workforces have…
Tax’s Role in Tech Transformation As tax experiences its own transformation with technology, companies are…
Key Challenges and Opportunities for Tax Directors in a Tightening Economy Navigating a tightening economic cycle—characterized by prolonged high interest rates…
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…
TEI Roundtable No. 48: AI Implementation in Today’s Tax Landscape As artificial intelligence (AI) gains traction throughout the business world,…