Perspective
The Impact of COVID-19 on Transfer Pricing and Supply-Chain Planning
The COVID-19 pandemic has significantly disrupted business operations and financial markets. For companies that have reorganized operations to adapt to the evolving economic and business environment, existing transfer pricing policies may no longer apply with respect to corporate structure and intercompany cash flows. Some companies have moved parts of their… Read more »
COVID-19 Telecommuting: State Guidance on Business Tax Nexus Is Inconsistent and Incomplete
Millions of Americans are working remotely during the COVID-19 pandemic—and many are expected to carry on this lifestyle after the virus is under control.1 Some will even relocate to other states to be closer to family, access more affordable housing, or improve their quality of life in other ways.2 A… Read more »
It’s Time for US Consolidated Tax Groups to Assess What They Need in an Intercompany Tax-Sharing Agreement
The US Supreme Court and Congress recently changed rules governing tax-sharing agreements (TSA) between affiliated groups of corporations, so it’s time for companies to evaluate whether they need such an agreement or, if they have one, whether it’s adequate. A TSA, also known as an intercompany tax agreement or a… Read more »
Tax 2021: Threats and Opportunities
The idea that every problem contains the seed of its own solution has become such a universal business cliché that few people stop to think why this idea rings so appealingly true. The reason is survival. When presented with a problem, human beings are hardwired to come up with a… 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 Controversy During COVID-19 Didn’t Have to Be This Difficult
If there ever was a time to pity our friends at the Internal Revenue Service, that time is now. Even before the COVID-19 pandemic hit, budget cuts and staff attrition had hampered the IRS’ ability to keep up with its mounting workload, and the agency’s legendarily anachronistic information technology systems… Read more »
Are You Ready for DAC6? Mandatory Reporting and Exchange of Cross-Border Tax Arrangements Are Fast Approaching
Complex new tax reporting requirements are right around the corner for companies with business operations in the European Union (EU). In June 2018, the EU issued the fifth amendment to its Directive on Administrative Cooperation—commonly called DAC6—calling for “relevant” taxpayers or their intermediaries to report certain cross-border tax arrangements to… Read more »
It’s Simple: The Future Will Be More Complex (and That’s OK)
Two fundamental assumptions will underlie most of what is written and discussed about tax management in the coming years. One is that the world inhabited by tax and accounting professionals is becoming more “complex.” The second is that tax professionals need to embrace new technologies to meet this growing complexity… Read more »
Beyond Regulatory Compliance: Five Key Questions Tax Analytics Can Help Companies Answer
Corporate tax departments manage and process large volumes of data, but that data typically is leveraged only in core compliance processes—generating tax filings and returns and accounting for transaction taxes, income taxes, and transfer pricing. But limiting the use of all that data to the compliance function is a missed… Read more »
In 2020, New Tech Should Empower Tax Professionals, Not Replace Them
For many tax executives and finance professionals, 2019 has been the year that several emerging trends could no longer be denied. Yes, machine learning and artificial intelligence are automating many basic accounting functions. Yes, businesses worldwide are streamlining their workflows and integrating cloud-based services. And yes, customers and companies are… Read more »
Tax Department of the Future: Reimagining Tax Technology On the first full day of TEI’s 75th Anniversary Celebration,…
State Tax Policy Takes Center Stage In an informative session on the first day of the…
The New Era of Transparency: Global Trends and Management Strategies In a particularly engaging session at TEI’s Annual Conference and…
TEI’s 75th Anniversary Celebration: A Closer Look & An Optimistic Future This past October, we took the opportunity to recognize a…
TEI Bestows President’s Award on Makaris and Wireman, Honorary Membership on Silbiger Two of the highest honors a TEI member can receive…
Global Tax Policy and Controversy Trends In an engaging and educational Annual Conference session moderated by…