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Under the Radar: Employee Benefit Developments in 2020
And, believe it or not, they’re 𝘯𝘰𝘵 COVID-related
The story of the year has been the coronavirus. COVID-19 has dominated news headlines, social media, and virtually every aspect of our lives. The virus has likewise dominated legal and tax news. Lawmakers and agencies have enacted multiple pieces of legislation and other guidance to help employers navigate the changes… Read more »
Chapter 11 Corporate Bankruptcy Reorganizations and Tax Controversy: A Primer
The considerations: preparation of tax liability schedules, objections to IRS claims, expedited audits, IRS Appeals, potential tax liens, and choosing a forum for potential litigation
In direct response to the financial pressures caused by the coronavirus, many companies, including Gold’s Gym, Neiman Marcus, J.C. Penney, and Hertz, have filed voluntary Chapter 11 bankruptcy petitions in 2020.1 Others are contemplating doing the same. For entities saddled with debt, Chapter 11 of the Bankruptcy Code can offer… Read more »
More Transparency in the EU: Questions & Answers on DAC 6
Are you up to date on cross-border arrangements?
The European Union (EU) passed a sixth version of its Directive on Administrative Cooperation in the Field of Taxation, known as DAC 6 (EU Council Directive 2018/822), on May 25, 2018. DAC 6 introduces reporting requirements for professional intermediaries (and, under certain circumstances, taxpayers) relating to their involvement in a… Read more »
Procurement and Tax—Time to Integrate
Why implementing a third-party tax engine is the best approach
One of the most important functions at which companies must excel is selling goods and services with as little transactional friction as possible—particularly in today’s world of digital commerce. Companies invest significant effort in the sales environment, but an equally necessary value-add for tax is the ability to purchase goods… Read more »
Clearing Skies: Demystifying the Transition to the Cloud for Tax
Make sure you really do have your head in the cloud
In recent years, cloud(s) have been gathering on the horizon for many organizations, both global, multinational organizations and smaller, agile organizations. These clouds represent sweeping changes for most organizations that may bring major disruptions and may require corporate tax executives to make career decisions. This article provides tax executives and… Read more »
Teaching Tax Professionals to ‘Speak IT’
Practical steps for upgrading tax technology
Tax professionals are largely aware of the technologies available to supplement their departments’ operations—technologies designed to directly support tax functions, such as tax engines, return preparation programs, and certificate management applications as well as general-purpose technologies that can be leveraged for tax, like data enrichment platforms, robotic process automation (RPA),… Read more »
TEI Roundtable No. 30: Tax and Tax Technology
Meeting customer needs—now and in the future
If you’re a tax professional, you know the significance of tax technology. It’s just as important as tax regulations, tax transactions, or any other aspect of the field. That’s why the theme of this issue is tax technology, why we established Tax Technology Corner as a regular column in this… Read more »
Funding Is All About Storytelling
Stories can trigger passion, inspiration, and loyalty—and compelling ones inspire emotional investment
One of our favorite clients, Gary, once told us a story as we began talking about a possible tax transformation project for the public company he had recently joined as its new vice president of tax. Earlier in Gary’s career, he was the compliance tax manager for a large privately… Read more »
Innovation for VAT
Tax technology is changing how VAT applies to new and more complex business models, how tax authorities administer these taxes, and how businesses comply
The saying “There’s a way to do it better . . . find it!” is attributed to inventor Thomas Edison, but it encapsulates perfectly the current global indirect tax management landscape. In the last decade, innovations in tax technology have significantly changed not only how value-added tax (VAT), also known… Read more »
There’s a Mistake on Your Tax Return—Should You Fix It?
Check out this proposed framework for overall compliance
This article proposes a framework for deciding whether to fix a mistake found on a previously filed tax return. Rather than treating mistakes on previously filed tax returns as isolated events to be managed on an ad hoc basis—the usual and less effective approach—the proposed framework views the discovery of… Read more »
Optimizing Your Tax and IT Stack Tax leaders, tax technologists, chief financial officers (CFOs), and chief…
TEI Roundtable No. 49: A Look at the TCJA in 2025 Editor’s note. This conversation was recorded in August, prior to…
Renewable Energy Tax Credits After the Inflation Reduction Act Following the the 2024 US general election, with Donald Trump’s…
Inequitable Barriers to Equitable Apportionment Every state that imposes a corporate income tax requires multistate…
Prepping for Year-End: Internal Control Over Financial Reporting As year-end approaches, tax departments can already sense the year-end…
In Memoriam: Tom Maletta TEI Past International President Tom Maletta passed away in November.…