News
TEI Submits Comments on the Capitalization of R&E Expenditures Under Section 174
On December 9, TEI submitted written comments to Congress regarding the changes to Section 174 under the Tax Cuts and Jobs Act of 2017. The comments urged Congress to act before the end of the 2022 calendar year to postpone, if not repeal, the mandatory capitalization of expenditures under Section… Read more »
TEI Comments on OECD Pillar Two GloBE Information Return Consultation
On February 3, TEI submitted comments to the Organisation for Economic Co-operation and Development (OECD) regarding the GloBE Information Return under Pillar Two of the OECD’s project on the digitization of the economy. The Institute’s comments primarily focused on ways to reduce the volume of information required under the return,… Read more »
Lynn Spence Promoted to Director, Information Technology & Web Services
TEI staff member Lynn Spence was promoted to director, information technology and web services in March. Spence joined TEI in February 2020 and has played an instrumental role with TEI through and after the pandemic, including moving TEI’s systems to the cloud, training staff and members on TEI resources, assisting… Read more »
TEI Submits Comments on Draft Form RC312 Under Canada’s Mandatory Disclosure Rules
On February 13, TEI filed comments with the Canada Revenue Agency regarding Draft Form RC312 – Reportable Transaction and Notifiable Transaction Information Return. TEI’s comments primarily concerned the volume of information required by the form as well as the unclear nature of several provisions on the form. TEI’s comments were… Read more »
TEI Submits Comments on Proposed Canadian EIFEL Rules
On January 31, TEI filed comments and recommendations with the Canadian Department of Finance regarding proposed excessive interest and financing expense limitation (EIFEL) legislation. The Institute’s recommendations included delaying the effective date of the rules, providing transition relief, and not applying the EIFEL rules when computing the foreign accrual property… Read more »
TEI Requests Guidance on the Capitalization of R&E Expenditures Under Section 174
On November 30, TEI submitted written comments to the US Department of the Treasury and the Internal Revenue Service requesting guidance on changes to Section 174 under the Tax Cuts and Jobs Act of 2017, effective for tax years beginning after December 31, 2021. TEI’s comments were developed by members… Read more »
TEI Comments on OECD Pillar Two GloBE Tax Certainty Consultation
On February 3, TEI provided comments to the Organisation for Economic Co-operation and Development (OECD) regarding its public consultation on GloBE tax certainty under the OECD’s two-pillar approach to the tax consequences of the digitization of the economy. The Institute’s comments focused on preventing and resolving tax disputes arising from… Read more »
TEI Welcomes Three New Staff Members
We are excited to announce that three new staff members have joined TEI, bringing our total staff to sixteen full-time professionals. Judi Raigns Judi Raigns joined TEI in November as TEI’s new AMS administrator and data analyst. Raigns leads efforts to form data governance standards and serves as the central… Read more »
TEI Presents Awards at 77th Annual Conference
At TEI’s 77th Annual Conference, the Institute presented awards to three key members in the TEI family: Debbie Giesey, Judy Zelisko, and Paul O’Connor. Debbie Giesey TEI presented the Distinguished Service Award to Debbie Giesey, TEI’s director of administration, who retired in October 2022. The award recognizes outstanding service to… Read more »
TEI Canadian Commodity and Income Tax Committees Hold Annual Liaison Meetings
On December 6–7, members of TEI’s Canadian Commodity Tax Committee and TEI’s Canadian Income Tax Committee met with representatives from the Canada Revenue Agency (CRA) and Department of Finance Canada to conduct their annual liaison meetings. The 2022 meetings featured robust agendas covering a range of tax law, policy,… Read more »
The New Corporate Alternative Minimum Tax: Five Not-So-Obvious Rule Applications to Consider Editor’s note: This article was written in mid-December 2022. It…
Intangible Asset Valuation for Tax Purposes Under Fair Market Value and Arm’s-Length Standards Business transactions such as mergers, acquisitions, and business reorganizations often…
Embracing ESG: Four Ways Tax Departments Can Add Value Environmental, social, and governance (ESG) considerations command a continually growing…
How Remote Workforce Programs Trigger Myriad Tax Problems—Part One Editor’s note: Given the complexity of this topic, this will…
In Memoriam: Eric Lee Johnson The TEI community recently lost an amazing tax professional and…
Betty Mak Betty Mak, president of TEI’s Vancouver Chapter and director of…