According to Fu & Kane (2006), systems with simultaneous time-reversal invariance and inversion symmetry have their $\mathbb{Z}_2$ topological invariant given by the product of the parity eigenvalue at the four TRIMs. Thus, there are clearly topologically nontrivial such systems.
According to Moore & Balents (2006) (page 2, the paragraph right after equation (4), "As a quick example..."), systems with inversion symmetry and time-reversal invariance are always topologically trivial because their "effective brillouin zone" is basically $S^2$ and thus all maps $S^2 \to S^4$ (where $S^4$ is the space of all $4\times4$ Dirac-Hamiltonians with no other degeneracies other than the Kramer's degeneracies) are topologically in the same class because $\pi_2(S^4) = 0$.
Why do these two articles disagree? Or am I misunderstanding something basic? Furthermore, later on, Moore et al then transform the EBZ into a sphere by contraction and claim that the maps now from the sphere to the space of Hamiltonians are not trivial. Why is suddenly the sphere domain produce non-trivial Chern numbers?
EDIT: The EBZ, as defined by Moore, is the minimal part of the torus necessary in order to specify $H(k)$ fully. The point is that due to time-reversal symmetry, we have $H(-k) = \Theta H(k) \Theta^{-1}$ and so we may "discard" half to the torus and still keep all the information. There is a subtlety, however, at the boundaries of this half. If we take the half torus we want as $k_x \geq 0$ (many other possibilities exist) then we basically stitch together the bottom and top parts of the half-torus $k_y = \pi$ with $k_y = -\pi$ to get a cylinder (this is part of the original topology of the torus) but now at the lines (which for the cylinder become circles) $k_x = 0$ and $k_x = \pi$ we need to keep the special time reversal condition $H(-k) = \Theta H(k) \Theta^{-1}$, so that same-distance-from-zero points on these two circles are related by $H(-k) = \Theta H(k) \Theta^{-1}$. This is the EBZ.