TEI testimony on pre-budget discussions: November 6, 2002.

On November 6, 2002, TEI President J.A. (Drew) Glennie testified before the House of Commons Standing Committee on Finance at the Committee's hearing on pre-budget discussions. Accompanying Mr. Glennie were Glenn G. Wickerson of BP Canada Energy Company, TEI's Vice President for Canadian Affairs; Monika M. Siegmund, chair of TEI's Canadian Income Tax Committee; and Timothy J. McCormally, TEI Executive Director The testimony was prepared under the aegis of TEI's Canadian Income Tax Committee.

Good morning. My name is Drew Glennie. I am the General Manager-Tax & Insurance for Shell Canada Limited in Calgary. I am here today to testify on behalf of Tax Executives Institute in my capacity as TEI's International President. With me today are Glenn Wickerson of BPP Canada Energy Company, who is TEI's Vice President for Region I Canada, Monika Siegmund, also of Shell Canada, who is Chair of TEI's Canadian Income Tax Committee, and Timothy McCormally, TEI's Executive Director, from Washington, D.C.

Background

Tax Executives Institute is the preeminent association of business tax professionals. TEI's 5,300 members work for 2,800 of the largest companies in Canada, the United States, and Europe. TEI's membership includes representatives from a broad cross-section of the business community, with members employed in all major industries and sectors of the economy. In that sense we are unique--we do not represent a particular group or industry. Canadians make up approximately 10 percent of TEI's membership, with our Canadian members belonging to chapters in Calgary, Montreal, Toronto, and Vancouver. In addition, many U.S. and European members work for companies with substantial Canadian operations.

Members of TEI are responsible for managing the tax affairs of the businesses by which they are employed and must contend daily with the provisions of the Income and Excise Tax Acts. As a professional association of in-house tax executives, TEI is concerned with issues of tax policy and administration and is dedicated to working with government agencies in Ottawa, as well as in the provinces, to reduce the costs and burdens of tax compliance and administration to our common benefit. We are convinced that the administration of the tax laws in accordance with the highest standards of professional competence and integrity will promote the efficient and equitable operation of the tax system. In furtherance of this principle, TEI supports efforts to improve the tax...

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