Global issues dominate TEI's summer: U.S. contract manufacturing, Canadian tax reform, European consolidated tax base, Ontario legislation all command attention.

Tax ExecutiveVol. 60 Nbr. 4, July 2008

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Tax Executives Institute

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Global issues dominate TEI's summer: U.S. contract manufacturing, Canadian tax reform, European consolidated tax base, Ontario legislation all command attention.

The increasingly global reach of TEI's advocacy was evident this summer in the submissions filed by Tax Executives Institute. In Canada, TEI weighed in on federal tax reform and retroactive legislation in Ontario. A second set of comments was filed on a proposal to consolidate the corporate tax base in Europe. And the U.S. contract manufacturing regulations were reviewed in written comments filed with the U.S. Department of Treasury and Internal Revenue Service; TEI also testified at an IRS hearing 011 the regulations in July. In addition, at the IRS's request, TEI participated in two all-day meetings--the first on tax return transparency and disclosures, and the second on enterprise compliance risk.

TEI President Vincent Alicandri called the broad swatch of technical submissions "remarkable," commending TEI's committees for the depth of their technical expertise in so many different subjects.

Canadian Tax Reform

In November 2007, the G...

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