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 The report of the Global Tax Advocacy Task Force was received by the Board of Directors on March 25, 2012. Its recommendations will be incorporated into the Institute's operations and procedures as part of TEI's Vision 20/20...  TEI's comments focus on issues relevant to non-financial institutions under the proposed regulations given the limited focus of the regulations on such issues. TEI recommends clarifying and expanding the exceptions to... The Institute recommended a number of changes to clarify and simplify the temporary regulations issued in December 2011 pursuant to sections 162, 263(a), and 168, relating to materials and supplies, capitalization or deduction of expenditures ... Last week, TEI submitted a letter to the Indian Prime Minister and other senior Indian officials expressing alarm over the retrospective effect of certain tax provisions of proposed Finance Bill 2012. TEI submits concerns to the European Commission on new German documentation requirements for zero-rating of certain supplies.  TEI urges the Alabama legislature to pass bill that would create a pre-payment, independent tax appeals tribunal staffed with judges knowledgeable in state tax law. On February 17th, TEI submitted comments to the Organisation for Economic Co-operation and Development regarding the OECD’s discussion draft on the Interpretation and Application of Article 5 (Permanent Establishment) of the OECD Model Tax Convention, released on October 12, 2011.
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 Tax Executives Institute has renewed and expanded its relationship with the Tax & Accounting business of Thomson Reuters. TEI has selected Thomson Reuters as its exclusive affinity partner for tax information and workflow solutions.  As a follow up to TEI's November 15 letter to the British Columbia Ministry of Finance, three members of the Canadian Commodity Tax Committee met with Ministry officials on December 12 to further discuss the Institute's proposals. TEI's 2011-2012 Nominating Committee met in San Francisco during TEI's Annual Conference. Its report is now available. As part of its Vision 20/20 strategic planning initiative, TEI is gathering input from members, former members, potential members, and other individuals who are interested in contributing.  TEI President David M. Penney spoke before the Standing Committee on Finance on Thursday, Sept. 29. Please view the full video of the session. David M. Penney, General Director – Taxes for General Motors of Canada Limited in Oshawa, Ontario, Canada, has been elected the President of Tax Executives Institute (TEI), effective August 9. On May 26, TEI Regional Vice Presidents Randy Harvey and Mitch Salamon led a delegation of TEI members from Regions V and VI to a regional IRS liaison meeting in Chicago. The meeting notes were prepared by Janice Lucchesi of TEI’s Chicago Chapter.
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On Tuesday, May 15, Tax Executives Institute testified at an IRS public hearing on the FATCA regulations. TEI's testimony was presented by Michael J. Bernard of the Seattle Chapter, chair of TEI's IRS Administrative Affairs Committee. Mr. Bernard'
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IRISH TAX INSTITUTE TO HOST TRANSFER PRICING MASTER CLASS (Oct. 24-26)
The Irish Tax Institute is hosting a Transfer Pricing Master Class and Global Conference in Dublin from Wed 24 - Fri 26 October 2012. Marlies de Ruiter, Head of the OECD’s Tax
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GEORGETOWN LAW SCHOOL OFFERS STATE & LOCAL TAX CERTIFICATE — DISTANCE-LEARNING OPTION
Beginning in Fall 2012, Georgetown University Law Center will make its Certificate in State and Local Taxation (SALT Certificate) available by distance lear
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(from BNA)
India Government Delays GAAR for One Year, Shifts Burden of Proof to Tax Authorities
Posted May 07, 2012, 15:41 P.M. ET
NEW DELHI—Marking a big shift in its tax policy, India is postponing the introduction of the general anti-avoida
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from Vertec
Redesigning Tax Systems is Essential to Supporting New Regulatory Environment, Says Former OECD Director Dr. Jeffrey Owens
Speaking at Vertex Exchange Europe 2012, Dr. Owens discusses the global challenges facing tax policy makers i
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The fourth installment in Vertex’s Future of Tax Operations series, titled "Restructuring Your Data Management Resources," was recently completed. Tax executives from US Bank and Transamerica discussed their real-world experience with t
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from NPR
To create The Ultimate NPR Workout Mix, Morning Edition has talked to athletes, a musician, a dancer, a mailman and others about the music that makes them move. The right workout music can also help ease stress — and that's an asset for th
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(from BNA)
EU Extends U.S. GAAP Recognition for Three Years, Delaying IFRS Convergence
Posted April 13, 2012, 13:29 P.M. ET
BRUSSELS—Despite continually expressing frustration that the United States has not adopted international financial repo
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(from Tax Prof Blog)
Lawrence Zelenak (Duke), The Great American Tax Novel, 110 Mich. L. Rev. 969 (2012) (reviewing David Foster Wallace, The Pale King (April 15, 2011)):
David Foster Wallace — author of the celebrated novel Infinite Jest and a
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from Tax Analysts (via Tax Prof Blog)
Martin A. Sullivan (Tax Analysts), Was the VAT a Money Machine for Europe?, 135 Tax Notes 143 (Apr. 9, 2012):
In 1965 there was not a big difference between the level of taxes in the United States and in West
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from BNA
Judge Strikes Down Colorado Sales and Use Tax Reporting Requirement for Out-of-State Retailers
DENVER—A federal judge in Colorado struck down March 30 as unconstitutional a reporting requirement imposed on out-of-state vendors that
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from Vertex
BERWYN, Pa.--Vertex Inc., a leading provider of corporate enterprise tax solutions, recently announced that William Brennan, a recognized and respected leader in corporate tax operations, policy and management, has joined the company
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from Tax Prof Blog
Sunday, April 1, 2012
Warren Buffett Issues Tax Mea Culpa, Launches 'Tax It Forward' Movement
Warren Buffett today issued a mea culpa on the Buffett rule, acknowledging that it would have a trivial impact on his very low tax r
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from Tax Prof Blog ....
Martin A. Sullivan (Tax Analysts), If Mandate Is Struck Down, Are Tax Incentives Next?, 135 Tax Notes 14 (Apr. 2, 2012):
Martin A. Sullivan discusses how the individual mandate and penalty in the healthcare reform act fun
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Prepared RemarksMarch 26, 2012
It has been some time since we have looked meaningfully at the CIC program. Last real work in this area was around currency. So I want to spend some time today about the future of the CIC program.
It is my hope
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The SALT team at Sutherland has published another Pinch of SALT. This article addresses the recent increase in the use of state false claims statutesby private parties to bring tax actions on behalf of state governments.
False claims act (FCA) st
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GEORGETOWN LAW SCHOOL OFFERS STATE & LOCAL TAX CERTIFICATE — DISTANCE-LEARNING OPTION
Beginning in Fall 2012, Georgetown University Law Center will make its Certificate in State and Local Taxation (SALT Certificate) available by distance le
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TEI has submitted two letters to legislators in Alabama supporting bills that would establish an independent tax tribunal in Alabama. With Georgia passing legislation earlier this year creating an independent tax tribunal, Alabama now finds itself
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From the SALT team at Sutherland:
The controversial methodology relied upon by several states to assess corporate taxpayers for transfer pricing violations has been ruled invalid by a D.C. Administrative Law Judge (ALJ). Microsoft Corporation, Inc
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From the SALT team at Sutherland:
Iowa and Kansas recently issued rulings regarding the taxability of cloud-based software applications and online training services. While the conclusions reached by both states—that the services are not taxable—ar
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From the FTA:
The Federation of Tax Administrators Annual Meeting is one-stop shopping for discovering the must-know trends in tax policy and law, for learning how to run operations more efficiently, for tips on how to deliver better services in t
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From the NPR Planet Money Blog (click here for the post on their website):
I was on hold with New York's Department of Taxation and Finance for over 3 hours today. Here's my proof:
Jess Jiang/NPR
At the beginning of the call, the automated
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For more than a quarter century, TEI members from across Canada have travelled to Ottawa in December for the Institute’s annual liaison meetings with officials from the Canadian government. As a member of the Toronto Chapter and a former chair of th
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Regular readers of this column may recall that my father was the editor of daily newspapers in the midwest. One of his favorite writers was Mark Twain, especially after our family moved in the mid-1960s from the Kansas prairie to the banks of the Mi
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In my last column, I outlined the boundaries of TEI’s Vision 20/20 Task Force, which was chartered by the Institute’s Board of Directors to define the “ideal TEI” for today and the year 2020 and to develop a strategic plan that allows the Institute
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Dave Penney’s inaugural column as TEI president begins with his paying homage to the “selfless enterprise” that the Institute’s founders exhibited in 1944 when they gathered in New York City to discuss whether to organize what we now know as Tax Exe
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There are likely few members of TEI today who exhibited bravery when joining the Institute. When today’s leaders (at the chapter or Institute level) raise their hand and saying, “Yes, I’ll step forward,” they do this knowing they will benefit immen
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In his column in this issue, Paul O’Connor emphasizes that, while TEI rightly prides itself on its conferences, seminars, and courses, the bulk of the Institute’s educational activities occur at the local level. The numbers are impressive: Including
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A year ago, when I became TEI’s President, few TEI members likely envisioned the buffeting that the economy would endure or the changes to be wrought to the political landscape. I know I didn’t. August 2010 seems such long time ago. Before the 2010
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