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 The responses from Canada Revenue Agency on income tax matters from the 2011 liaison meetings with the Canada Revenue Agency (CRA) are now available.  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.  The Institute encourages all states to establish pre-payment, independent tax tribunals presided over by individuals possessing a strong knowledge of the tax law. The responses from Canada Revenue Agency from the 2011 liaison meetings with the Canada Revenue Agency (CRA) and the Department of Finance are now available. To improve case load management by the Tax Court of Canada, TEI recommends that Canada Revenue Agency be accorded the ability to settle appeals or litigation of assessments and reassessments based on the "hazards or risks" of litigation. On December 6-7, TEI President David Penney and David Daubaras, the Institute's Vice President for Canadian Affairs, will lead a delegation of members in the 2011 liaison meetings with the Canada Revenue Agency (CRA) and the Department of Finance. TEI submitted a letter to the British Columbia Ministry of Finance recommending improvements to make the PST more efficient and administrable.
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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. TEI's Midyear Conference concluded April 6 in Washington, D.C., with more than 500 members of the tax community attending the four-day event.
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(from PricewaterhouseCoopers - Canada)
Delivering results: Growth and value in a volatile world. Soft copies of the report are available online at: www.pwc.com/ceosurvey. .
In this year’s survey, CEOs commented on how they see the global economy
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Roger Wheeler, a former TEI member and a recipient of TEI's President's Award, writes a monthly column for International Taxation. He is his offering from the magazine's February 2012 issue.
Roger Wheeler - IT Feb 2012.pdf
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from Tax Analysts
Stuart M. Lewis, senior tax counsel with Buchanan Ingersoll & Rooney PC in Washington and a former chair of the American Bar Association Section of Taxation, died February 13, according to John Warner, co-managing sharehold
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from BNA
The Financial Crimes Enforcement Network (FinCEN) Feb. 14 extended the deadline for filing TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), for certain individuals with signature authority over, but no financial interest
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(from the Internal Revenue Service)
FS-2012-10, February 2012
The Administration’s Fiscal Year (FY) 2013 Budget request for the Internal Revenue Service is approximately $12.8 billion, a $944.5 million increase (8%) over the FY 2012 enacted level
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(from Tax Prof Blog)
Joshua Blank (NYU) presents Corporate Tax Abuse in the Supreme Court (with Nancy Staudt (USC)) at the NYU Alumni Tax Luncheon in Los Angeles (Beverly Hills Hotel):
Corporate tax advisors often wish to minimize a corporation’s
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IR 2012-15 (Feb. 8, 2012):
The Treasury Department and the IRS today issued proposed regulations for the next major phase of implementing the Foreign Account Tax Compliance Act (FATCA).Enacted by Congress in 2010, the law targets non-compliance by
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(from the Council on State Taxation)
Last Friday, the U.S. House Judiciary Committee issued its final report on H.R. 1864, the Mobile Workforce Income Tax Simplification Act. H.R. 1864 would greatly reduce the current nonresident personal income ta
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The following is being posted at the request of Alex Kolbl of TEI’s EMEA Chapter.
Given TEI’s sizable membership in Zürich, the EMEA Chapter is proposing to launch a series of Tax Executive Institute roundtables in the Zürich area.
TEI is the pree
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TEI's 2012 Federal Level 1 Tax Course will be held from April 29 to May 4 at the Kellogg Center at Michigan State University in East Lansing, Michigan. In-house tax professionals should register now to ensure their spot at this perennial first-in
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from TaxProf Blog
Itai Grinberg (Georgetown), Beyond FATCA: An Evolutionary Moment for the International Tax System:
The international tax system is in the midst of a novel contest between information reporting and anonymous withholding models for
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(from KPMG)
NEW YORK, Feb. 2 – Propelling itself into position as a global market leader in indirect tax compliance services, KPMG LLP today announced its acquisition of the U.S. assets of Thomson Reuters Corporation’s (TRI) widely respected ONE
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LinkedIn
Date : 30/01/2012
Sujet : LinkedIn Privacy Settings
Dear all, I have received the following message from a contact and I am forwarding it for your awareness and consideration. Without attracting too much publicity, LinkedIn has updated
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On February 15-16, the Tax Council Policy Institute will hold its 13th Annual Tax Policy & Practice Symposium. This year’s program, called “The New Realities of Tax Risk Management: Navigating Risk in a Complex World,” will be held in Washingto
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(from Huffington Post)
TEI NOTE: Ed Kleinbard of USC's law school was a keynoter at TEI's 2011 Annual Conference.
Presentations like Romney and the Burden of Double Taxation, by John Berlau and Trey Kovacs in the op-ed page of the Wall Street Jou
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From DuCharme:
DuCharme, McMillen & Associates Canada, Ltd. (DMA) is pleased to announce another in our series of complimentary seminars. Corporate tax professionals need to comply with transaction taxes nationwide. However, it can be challen
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From PwC:
The New Mexico Taxation and Revenue Department held that a taxpayer's tax liabilities were deemed paid to the extent overpayments were made in subsequent years. In addition, interest is calculated on the tax liabilities to the date of ov
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DuCharme, McMillen & Associates, Inc.has announced another in its series of complimentary CPE accredited seminars. Multistate corporate tax professionals need to comply with state and local taxes nationwide. However, it can be challenging to st
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New York, February 2, 2012 – More states, counties and cities reduced their sales tax rates in 2011 than in 2010, according to the latest ONESOURCE Indirect Tax rate report from Thomson Reuters. At the same time, fewer new sales taxes were created
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Berwyn, PA – January 30, 2012 – The number of sales tax rate changes across the U.S. showed modest decline in 2011, as did the combined average sales tax rate, this according to annual Sales Tax Rate Report from Vertex Inc., the leading provider of
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From Alston+Bird:
On January 5, the U.S. Court of Appeals for the Third Circuit issued its opinion in N.J. Retail Merchants Association v. Sidamon-Eristoff, a case involving the constitutionality of 2010 N.J. Laws Chapter 25 (the New Jersey Act),
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From McDermott Will & Emory:
The increasing use of the internet by business and individual consumers to make purchases of various goods and services has heightened the focus on the sales tax implications of such purchases. Since sellers must
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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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