Institute News
TEI Comments on Canadian Draft RUTT Form
On June 7, TEI submitted comments to the Canada Revenue Agency (CRA) regarding the draft Reportable Uncertain Tax Treatment (RUTT) form. Taxpayers must use the RUTT form to report certain items depend-ing on how those items are treated on a taxpayer’s relevant financial statements. TEI’s comments focused on recommendations to… Read more »
TEI’s New Student Committee
We are pleased to announce that TEI’s board of directors has approved the addition of a Student Committee at the 2023 Annual Meeting of Members. This appointment recognizes the increasing importance of inspiring students to pursue careers in taxation and acknowledges the efforts of TEI’s student members to launch TEI’s… Read more »
TEI Holds Its Inaugural International Tax Student Case Competition
On August 19, TEI held its inaugural International Tax Student Case Competition in Montreal. Five teams of four students each from universities in North and South America competed to determine which team could devise the best solution to a set of international tax issues. The Case Competition was the brainchild… Read more »
TEI Comments on Proposed Revisions to Canadian APA Program
On July 21, the Institute filed comments with the Department of Finance Canada regarding Information Circular 94-4R2, International Transfer Pricing: Advance Pricing Arrangements. TEI’s comments included concern about the undue compliance burden the Circular proposes to impose on taxpayers, its unreasonable filing deadlines, and the additional requirements for renewing an… Read more »
Appointment of the 2023–2024 Executive Committee
Each year, TEI’s incoming international president selects an Executive Committee from the members of TEI’s board of directors to join the Institute’sfour officers in their oversight of the Institute’s business affairs. We are excited to announce the following appointments for the 2023–2024 fiscal year.
TEI Comments on Proposed and Temporary Regulations on Elective Payments for Certain Credits
On August 14, TEI responded to a request for comments on proposed and temporary regulations under Section 6417 regarding elective payments for certain credits. TEI’s comments included concerns over burdensome prefiling registration requirements and over limitations on the taxpayers able to make elective payment elections, namely partners in partnerships and… Read more »
Appointment of the 2023–2024 Nominating Committee
TEI’s board of directors appointed the Institute’s 2023–2024 Nominating Committee, whose role is to nominate the three senior officers (senior vice president, treasurer, and secretary) and eleven regional vice presidents for 2024–2025. (The senior vice president becomes the international president by operation of TEI’s by-laws.) The 2023–2024 TEI Nominating Committee… Read more »
TEI Comments Again on Proposed Australian Public CbC Reporting
On July 21, TEI submitted a second set of comments to the Australian Senate Standing Committees on Economics regarding a proposal to require public disclosure of certain country-by-country (CbC) reporting information. The Institute’s comments expressed concern about the extraterritorial scope of the proposal, the inconsistency of the required disclosure with… Read more »
TEI Comments on Aspects of OECD Pillar Two
On August 14, TEI submitted comments to the Organisation for Economic Co-operation and Development (OECD) regarding certain aspects of the OECD’s Pillar Two initiative. TEI’s comments were provided as a follow-up to the Institute’s June 6 meeting with representatives from the OECD. The Institute’s comments focused on issues arising from… Read more »
TEI Canadian Commodity Tax Comments and Liaison Meeting With British Columbia Ministry of Finance
In preparation for a liaison meeting between members of the TEI Canadian Commodity Tax Committee and the British Columbia (BC) Ministry of Finance on June 27, TEI submitted comments on several issues relevant to that province. The comments included a request to treat partnerships as persons for purposes of the… 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…
Optimizing Your Tax and IT Stack Tax leaders, tax technologists, chief financial officers (CFOs), and chief…
Who Is the Customer? Compared to the complexity of cost-of-performance (COP) sourcing of services…
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…