News
TEI Submits Comments on Canada’s Bare Trust Reporting
On September 27, TEI submitted comments to the Canada Revenue Agency regarding new rules for reporting “bare trust arrangements.” TEI’s comments focused on the compliance burden the new rules would impose on corporations and other businesses, which in most cases would be duplicative of other reporting requirements already imposed on… Read more »
TEI Files Comments on Canada’s Proposed Pillar Two Legislation
On September 29, TEI submitted comments to the Department of Finance Canada regarding its proposed legislation to implement Pillar Two of the Organisation for Economic Co-operation and Development’s project on the taxation of the digitization of the economy. Canada’s legislation, titled the Global Minimum Tax Act, encompasses most, but not… Read more »
TEI Files Comments on the GloBE Information Return
On October 6, TEI submitted comments to the Organisation for Economic Co-operation and Development (OECD) and the European Commission regarding the GloBE Information Return (GIR) under Pillar Two of the OECD’s two-pillar approach to the tax challenges arising from the digitization of the economy. TEI’s comments focused on the volume… Read more »
TEI Files Comments on Canada’s Excessive Interest and Financing Expenses Limitation Rules
On September 13, TEI submitted comments to the Department of Finance Canada regarding proposed legislation that would implement an excessive interest and financing expenses limitation (EIFEL). TEI’s comments addressed the proposed implementation date of the EIFEL rules, the need to except existing debt obligations from the rules for a period… Read more »
Pillar One—Amount B: TEI Comments to the OECD
On September 1, TEI submitted comments responding to the Organisation for Economic Co-operation and Development’s (OECD’s) public consultation document regarding Pillar One—Amount B. TEI recommended the OECD make Amount B an elective safe harbor for multinational enterprises, increase the scope of the definition of “distributor,” and enhance the mechanisms for… Read more »
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.
An Overview of the EU Public Country-by-Country Reporting Rules The European Union (EU) has long been at the forefront…
Optimizing Tax Through Structured Data Storage and Data Pipelines In today’s fast-paced digital business environment, tax departments are under…
Preparing Now for 2025 Tax Legislative Activity Editor's note: This article was finalized prior to President Donald…
TEI to Comment on New Proposed Section 987 Regulations The US Treasury Department and Internal Revenue Service published new…
How Tax Insurance Can Be a Valuable Tool for Managing Transfer Pricing Risk in 2025 and Beyond Heightened regulatory scrutiny around the world has made transfer pricing…
TEI Welcomes New Staff, Promotes Team Member Erica Larkin Erica Larkin joined TEI in November as the…