Institute News
TEI Submits Comments on the European Commission’s Proposed Directive on Debt-Equity Bias Reduction Allowance
On July 28, TEI submitted comments to the European Commission (EC) regarding the EC’s proposal to set forth rules on a debt-equity bias reduction allowance (DEBRA) and on limiting the deductibility of interest for corporate income tax purposes. The EC proposed to accomplish this objective by providing for “the deductibility… Read more »
TEI Holds First ‘Simulive’ Event
This past August and September, TEI held its first simulive event, the 2022 Tax Technology Simulive Seminar. The in-person Tax Technology Seminar took place in May in San Francisco, and the simulive event enabled more TEI attendees to participate in the event virtually several months later. The simulive format involved… Read more »
TEI Comments on European Commission’s Proposal to Implement Uniform EU-Wide Withholding Tax System
TEI commented on the initiative of the European Commission (EC) to introduce a common, European Union-wide system for withholding taxes on dividend and interest payments in June 2022. The initiative is intended to standardize and simplify the varied withholding tax approaches of EU member states. Those approaches vary by country,… Read more »
TEI Members Participate in Focus Groups With the Government Accountability Office
TEI’s IRS Administrative Affairs Committee members recently participated in focus group discussions with the Government Accountability Office (GAO). The focus groups were aimed at providing feedback to assist the GAO with its recommendations to Congress regarding how to improve the dispute-resolution tools available at IRS Appeals. The focus groups were… Read more »
TEI’s State & Local Tax Committee Monitors Multistate Tax Commission Uniformity Projects
TEI’s State and Local Tax Committee is engaging with Multistate Tax Commission (MTC) staff and state administrators on two substantive uniformity projects the MTC is undertaking. The first project is a white paper on the state taxation of digital products. Committee members and TEI staff have informally discussed the issues… Read more »
TEI Holds Audits & Appeals Seminar for First Time Since 2019
This September, TEI held its first Audits & Appeals Seminar since 2019, welcoming over 120 attendees and seventy faculty members to brand-new, light-filled Capital One Hall in Tysons, Virginia. This year’s seminar featured federal tax controversy and state and local tax controversy tracks, and was well-timed given the recently enacted… Read more »
TEI Submits Preliminary Comments on the Government of Canada’s Proposal to Implement Pillar Two of OECD/G20 Inclusive Framework
On July 21, 2022, TEI submitted preliminary comments to the Canadian Department of Finance about the Government of Canada’s proposal to implement Pillar Two of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) two-pillar plan for international tax reform, as contemplated by the federal budget documents tabled… Read more »
TEI’s Tax Reform Task Force Engages on Issues Raised by Inflation Reduction Act of 2022
President Joe Biden signed the Inflation Reduction Act (IRA) into law on August 16. As TEI members know, the IRA included two major “revenue raisers” of importance to the business tax community. First, a new corporate alternative minimum tax (CAMT) imposing a fifteen percent tax on the “adjusted financial statement… Read more »
TEI Welcomes Three New Staff Members
We are excited to announce that three new staff members have joined TEI. Brenda Zelada Brenda Zelada joined TEI as manager of membership and chapter engagement in September. Zelada has more than nine years of experience in the nonprofit arena, and her skills and expertise include event management, donor and… Read more »
TEI Files Amicus Brief With the Supreme Court of Canada in Deans Knight Litigation
TEI’s Canadian Income Tax Committee, in collaboration with a spectacular legal team from Osler, Hoskin & Harcourt LLP, which represented TEI pro bono, recently filed an amicus brief with the Supreme Court of Canada in Deans Knight Income Corporation v. Her Majesty the Queen. The Deans Knight case addresses important… Read more »
The Burgeoning Importance of E-Invoicing Although the United States has not yet officially adopted e-invoicing,…
The Presumption of Correctness A common question tax directors ask when considering whether to…
Technical Corrections to the 2021 Final Foreign Tax Credit Regulations As readers are well aware, almost a year ago, on…
TEI Roundtable No. 40 Foreign Tax Credit Regulations For almost four decades, the foreign tax credit regulations have…
Reconnecting at TEI’s Annual Conference I am very excited about TEI’s 77th Annual Conference, as…
Steve Saunders Steve Saunders gained an appreciation of the complexity of tax…