Before joining General Motors Canada in 1991, Penney was with Revenue Canada (now called the Canada Revenue Agency), ending his career there as section chief of the Large File Program in the Toronto East Tax Services Office.
After his election, Penney presented the theme of his presidency and the TEIs goals, which cover Vision 20/20 Global Advocacy, Education and Networking for the In-House Tax Community.
He said the TEIs Vision 20/20 Task Force will define the ideal TEI in 2020 and develop a strategic plan to ensure that the Institute remains the preeminent association of business tax professionals worldwide. The task force will identify the needs, expectations, and requirements for active engagement of the Institutes current and future membership.
And the institutes Global Tax Advocacy Task Force will recommend methods and strategies to monitor, engage with, and influence other government organisations and regulators, including tax authorities in various jurisdictions, as well as, for example, the OECD, EU, SEC, FASB, and the UN.
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