Institute News

TEI Holds Federal Tax Course – Level 1

TEI held its annual Federal Tax Course – Level 1 from May 19 to 23 at the Georgia Tech Hotel and Conference Center in Atlanta. This year’s course welcomed more than seventy attendees from across the United States. Over the five-day program, participants engaged in a robust lineup of educational… Read more »

TEI Holds Seventh Annual Tax Technology Seminar

TEI welcomed more than 170 attendees, 137 speakers, and twenty-eight technology exhibitors to beautiful Renton, Washington, this past month for three full days of sessions, networking, and hands-on learning. This year’s seminar featured nearly forty sessions covering a wide array of tax technology topics, including artificial intelligence in tax, digital… Read more »

TEI Executive Director Elected as Fellow to American College of Tax Counsel

On February 21, the American College of Tax Counsel (ACTC) board of regents elected TEI Executive Director Pilar Mata to be an ACTC fellow. ACTC membership is reserved for tax leaders who have made an exceptional contribution to their chosen profession, and the organization provides a venue for tax attorneys… Read more »

UK Consultation for Digital Reporting and E-Invoicing

On May 1, TEI’s EMEA Indirect Tax and Customs Committee submitted a letter in response to His Majesty’s Treasury’s public consultation on real-time digital reporting and electronic invoicing. The letter expressed support for efforts to digitize and automate tax administration, including the adoption of e-invoicing. It also emphasized the importance… Read more »

TEI Comments—New Proposed Section 987 Regulations

On March 11, TEI filed comments with the Internal Revenue Service and the US Department of the Treasury regarding proposed regulations under Section 987, which were published on December 11. TEI’s comments included recommending that additional transactions be included in the recurring transfer group election under the proposed regulations, making… Read more »

British Columbia Minister of Finance Responds to TEI’s Submission on the Definition of Software for the PST

TEI received a letter from the British Columbia Minister of Finance in response to the Canadian Commodity Tax Committee’s March 29, 2024, submission. The committee had submitted a letter addressing the 2024 British Columbia Budget changes to the provincial sales tax (PST) definition of “software,” including the retroactive impact of… Read more »

CRA Responds to TEI’s Income Tax Questions From November Liaison Meetings

On November 19–20, a delegation of Canadian Commodity Tax Committee members participated in TEI’s annual liaison meetings with representatives of the Canada Revenue Agency (CRA) and Department of Finance. The 2024 meetings featured robust agendas covering a range of tax law, policy, and administration issues of importance to many TEI… Read more »

TEI Comments—Proposed PTEP Regulations

On March 2, TEI submitted comments regarding the long-awaited proposed previously taxed earnings and profits (PTEP) regulations. TEI’s comments focused on the need to eliminate double taxation of PTEP by recommending a change to the proposed regulations’ “share-by-share” approach to Section 961 basis increases. TEI recommended that Section 961 basis… Read more »

TEI Bestows President’s Award on Cathleen Stevens

One of the highest honors a TEI member can receive is the Institute’s President’s Award. At the 75th Midyear Conference in Washington, D.C., in March, TEI gave the President’s Award to Cathleen (Cathy) Stevens. Here’s a summary of Stevens’ impressive career and TEI service, as described by TEI’s international president,… Read more »

TEI Comments—OECD GIR XML Users’ Guide

On March 20, TEI submitted comments to an expert subgroup of Organisation for Economic Co-operation and Development (OECD) Working Party 10 regarding its GloBE Information Return XML Schema and User Guide, which was published on January 15. TEI’s comments focused on the need for the OECD to provide more information… Read more »