TEI Files Comments on Proposed Changes to Form 1065 Regarding International Items
On September 11, TEI submitted comments to the IRS regarding proposed changes to Form 1065 relating to international item reporting.
TEI Participates in Canadian Pre-Budget Consultations
On August 10, 2020, TEI submitted written recommendations to the Canadian House of Commons Standing Committee on Finance as part of its pre-budget consultations in advance of the 2021 federal budget.
TEI Proposes Changes to British Columbia’s Provincial Sales Tax as Part of Annual Budget Process
On June 26, 2020, TEI filed a letter with the British Columbia's Select Standing Committee on Finance and Government Services proposing changes to British Columbia's provincial sales tax. The letter builds on earlier comments made to the Ministry of Finance in letters and meetings with Ministry officials and requested that the proposed changes be considered in conjunction with the annual budget process.
TEI Requests Administrative and Payment Relief for State and Local Taxes in Response to COVID-19 Crisis
On March 25, 2020, TEI sent state and local tax organizations and state tax revenue agencies a letter seeking administrative, filing, and payment relief for state and local taxes in response to the COVID-19 crisis.
TEI Files Comments regarding 2020 OECD Review of CbC Reporting
On March 5, TEI submitted comments to the OECD regarding its public consultation document entitled Review of Country-by-Country Reporting (BEPS Action 13).
TEI Files Comments regarding Proposed Regulations addressing the Foreign Tax Credit
On February 18, TEI submitted comments to the IRS and U.S. Treasury Department regarding proposed regulations related to the U.S. foreign tax credit. TEI’s comments primarily addressed the administrative burden the proposed regulations would impose on claiming a foreign tax credit due to a foreign tax redetermination under section 905(c), as well as issues related to “stewardship” expenses.
TEI Comments on the OECD’s “GloBE” Proposal
On December 2, TEI filed comments responding to the OECD’s public consultation document entitled Global Anti-Base Erosion Proposal (“GloBE”) – Pillar Two, focusing on the need for states to withdraw unilateral measures, a strong binding dispute resolution mechanism, and clear ordering rules, among other things.
TEI Files Comments regarding the OECD Secretariat’s “Unified Approach” to Pillar One
On November 11, TEI submitted comments to the OECD Secretariat regarding its proposed “unified approach” to “Pillar One” of the tax challenges of the digitalization of the economy. TEI’s comments focused on the need for (i) the withdrawal of unilateral measures after a multilateral agreement, (ii) a multilateral dispute resolution mechanism; and (iii) reliance on taxpayer consolidated financial statements for purposes of the approach, among other subjects.
TEI Files Comments regarding the Platform for Collaboration on Tax’s Draft Transfer Pricing Toolkit
On November 7, TEI submitted comments to the Platform for Collaboration on Tax – a joint initiative of the World Bank, OECD, International Monetary Fund, and United Nations – regarding its draft transfer pricing documentation toolkit for developing countries.
TEI Comments on Proposed Changes to Canadian Tax Treatment of Employee Stock Options
On October 7, 2019, TEI submitted comments to the Department of Finance Canada concerning the income tax legislative proposals on employee stock options that were released for public consultation on June 17, 2019. TEI’s comments, reprinted below, were prepared by a cross-industry working group of Canadian Income Tax Committee members under the leadership of Kurtis L. Bond and Steve Saunders.