News
TEI Comments on the FASB’s Proposal for Enhanced Income Tax Disclosures
On May 30, TEI submitted comments to the Financial Accounting Standards Board regarding its proposal to require companies to disclose disaggregated income tax information in financial statements. TEI noted its significant concerns about the proposal but nevertheless offered detailed recommendations aimed at reducing confusion and making the information more useful… Read more »
TEI Comments on Australian Intangible Payment Deduction Denial Proposal
On April 28, TEI submitted comments to the Australian Treasury regarding the Treasury’s proposal to deny deductions for certain intangible payments to related entities. The Institute primarily focused on the inconsistency and prematurity of the proposal given the ongoing Organisation for Economic Co-operation and Development negotiations regarding the global anti-base… Read more »
TEI Relaunches the New Orleans Chapter as the Gulf States Chapter
TEI is back in the Big Easy! Under the direction of LT Toras, chapter president, and Wayne Hamilton, chapter representative, TEI relaunched the former New Orleans Chapter as the newly reconstituted Gulf States Chapter. The new name reflects the Institute’s commitment to expanding its reach beyond New Orleans to serve… Read more »
TEI Comments on Australian Public CbC Reporting Proposal
On April 28, TEI submitted comments to the Australian Treasury regarding the Treasury’s proposal to require certain companies to publicly disclose tax information on a country-by-country (CbC) basis. TEI’s comments focused on the differences between the Australian proposal and other initiatives to publicly report CbC data around the world, which… Read more »
TEI’s Staff Hits the Road
43rd Annual Region 10 Conference On April 26–28, TEI Region 10 hosted its forty-third annual conference in Huntington Beach, California. TEI Tax Counsel Kelly Madigan attended the conference and moderated a fireside chat with Jonathan Traub and Todd Metcalfe, during which they discussed the latest developments on the Hill, including… Read more »
TEI Comments on Proposed Penalty for Canadian GAAR Violations
On May 31, TEI filed comments with the Department of Finance Canada regarding a proposal to impose a penalty on taxpayers who violate Canada’s general anti-avoidance rule (GAAR). TEI commented that a distinct penalty for violations of the GAAR was not necessary given the current structure of the Canadian income… Read more »
TEI Comments on IRS Notice 2023-7 Regarding the New Corporate AMT
On March 20, TEI submitted a letter to the Internal Revenue Service commenting on Notice 2023-7, which provides initial guidance on the new corporate alternative minimum tax (CAMT) imposed by the Inflation Reduction Act of 2022. TEI’s recommendations included the need for transition rules and penalty relief and adjustments to… Read more »
TEI Presents President’s Award to Michael Bernard
TEI also presented the President’s Award to Michael Bernard at TEI’s 73rd Midyear Conference. In his nomination of Bernard for the award, TEI’s international president, Wayne Monfries, detailed Bernard’s accomplishments as follows: In accordance with Tax Executives Institute’s award guidelines, I am pleased to nominate Michael (Mike) J. Bernard for… Read more »
TEI Files Amicus Brief in Maryland Digital Advertising Tax Litigation
On March 30, TEI filed an amicus brief in Comcast v. Maryland, which is pending before the Maryland Supreme Court. The fundamental substantive issue in this case is whether the Maryland Digital Advertising Tax (DAT)—which was enacted in 2019—is constitutional. Rather than focus on the substantive issue, the TEI brief focused… Read more »
TEI Presents President’s Award to David Stevens
TEI also presented the President’s Award to David Stevens at TEI’s 73rd Midyear Conference. In his nomination letter, TEI’s international president, Wayne Monfries, detailed Stevens’ accomplishments as follows: In accordance with Tax Executives Institute’s award guidelines, I am pleased to nominate David (Dave) Stevens to receive TEI’s President’s Award. Dave… Read more »
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…