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 On May 10, TEI submitted a letter to the OECD commenting on recently released draft place of supply guidelines for cross-border sales of services and intangibles.  The responses of Canada Revenue Agency on excise tax matters from the December 3, 2012 liaison meeting are now available. Also available are the agendas and responses from the CRA on income tax matters.  On February 19 and 20, 2013, Tax Executives Institute submitted letters in support of legislation in Alabama (HB 264 and SB 223) that would establish a pre-payment, independent tax tribunal. On March 29, 2013, TEI submitted a letter to the Manitoba Ministry of Finance urging the province to establish a statutory four-year limitation period for assessments of the Provincial Sales Tax. On March 4, 2013, TEI filed a letter urging the British Columbia Ministry of Finance to formally adopt a policy of administrative tolerance for Provincial Sales Tax (PST) audits during the first year of the "new" tax. On March 4, TEI submitted a memorandum to the MTC urging it to abandon a proposed project aimed at creating model regulations governing the use of state statutory authority to adjust income and expenses between related parties (i.e., transfer pricing).  IRS urged to refrain from creating exceptions to Rev. Proc. 2011-29; include accounting and legal fees in the procedure's safe harbor.
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On April 23, Russell G. Golden was named as the next chairman of the Financial Accounting Standards Board, effective July 1, 2013. The appointment was made by the Board of Trustees of the Financial Accounting Foundation. The IRS is requesting nominations for membership to the Information Reporting Program Advisory Committee (IRPAC), a federal advisory panel that advises the IRS on various tax administration issues. The 2013 Conference, held April 11-12 in London, will focus on international planning developments, with an examination this year on the current review of such planning by tax authorities. The event will be held Friday, March 15, 2013, from 8:30 a.m. to 12:30 p.m
. and feature a keynote address from Laura D'Andrea Tyson. David M. Penney, former TEI International President, has been selected to the Internal Revenue Service Advisory Council (IRSAC). The council is an organized public forum for the IRS and representatives of the public to discuss issues of tax adminisration.
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From Shane Lord and Andrew Appleby of the Sutherland SALT team:
The California Superior Court ruled that certain
special purpose entities (SPEs) owned by Harley-Davidson, Inc. had nexus in
California. The taxpayer formed the SPEs as securi
... [Read More]
From Leah Robinson at McDermott:
On April 15, 2013, the New Jersey Division of Taxation (the
Division) released its proposed regulations for sourcing receipts from
services. The proposed regulations reflect a customer-based sourcing
appr
... [Read More]
From
Art Rosen and Lidsay LaCava of McDermott:
A New York administrative law judge recently
held in Matter of C.V. Starr & Co., Inc. that income received by a
taxpayer from its ownership of common stock wa
... [Read More]
Multistate corporate tax professionals need to comply with state
and local taxes nationwide. However, it can be challenging to stay up to date
with changes in states far away. DMA's solution is to bring the top st
... [Read More]
From the Sutherland SALT team:
The Streamlined Sales Tax Governing Board, as well as its State and
Local Advisory Council and Business Advisory Council, assembled in Minneapolis
this week to discuss a n
... [Read More]
From the SALT group at KPMG:
Recently,
a California superior court held that two Harley Davidson special purpose
entities (SPEs) created for the purpose of bundling and selling securitized
loans had substan
... [Read More]
New
York, May 14, 2013 —
Thomson Reuters today announced a new version of ONESOURCE Indirect Tax
Integration for SAP designed to meet the indirect tax needs of global companies
doing cross border business in the regions of EMEA, Asia Pacific, L
... [Read More]
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 Statistical Sampling and the New Tangible Property Revenue Procedures
By Mary Batcher and Ryan Petska
Options:
   Practice Notes: The Work-Product Doctrine
By Thomas A. Cullinan, Kendall C. Jones, and Joseph M. DePew
Options:
A Different Approach for Drafting Form UTP Disclosures
By William S. Garofalo
Options:
Vision 20/20 Strategic Plan: Itinerary for the Future
By Tax Executives Institute
Options:
No Options Available at this time. |
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As I looked out at over our five hundred participants at the recently concluded 63rd Midyear Conference, so many thoughts and emotions were running through my mind. I was immensely proud of the work done by our Committee chairs, moderators, leadersh
... [Read More]
Membership Pulse Survey
In early December, TEI distributed a short and targeted membercentricity survey to the Institute’s membership. This 10-minute survey was built on the work of last year’s Vision 20/20 Task Force and was designed to provide a
... [Read More]
While the colors were changing and the U.S. Presidential Campaign was coming down to its final days, TEI was in full swing, tackling the projects and initiatives central to our overall Members First theme. I am delighted to report that members of TE
... [Read More]
It seems like only yesterday when Chuck Rau, my then-boss at Allis-Chalmers in Milwaukee, poked his head into my spreadsheet- filled cubicle and said, “Carita, there is this organization, Tax Executives Institute, TEI, that I think you should join.
... [Read More]
Early in 2011 when Paul O’Connor of the New England Chapter was in the middle of his term as TEI’s president and I had been named to succeed him, I approached him and several past TEI presidents to ask for advice as I developed my goals for presenta
... [Read More]
The 62nd Midyear Conference, which is highlighted in this issue, was a true microcosm of TEI and the reasons the organization remains vibrant and relevant nearly seven decades after its founding. The conference exemplified not only TEI's educational
... [Read More]
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
... [Read More]
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