McDermott announced this week that Alysse McLoughlin has joined the Firm as a partner in its State and Local Tax group, resident in the New York office. In addition, the Firm welcomes Richard Call, formerly with Morrison Foerster, as Counsel in the same group in New York.
Ms. McLoughlin has broad experience advising clients on state and local tax issues, and particular skill working with financial services companies. Mr. Call focuses on state and local tax litigation before administrative and judicial bodies, at all levels and in multiple states, with respect to income, franchise, gross receipts, and sales and use taxes. Ms. McLoughlin, who practiced at McDermott from 1996 to 2006, returns to the Firm from Barclays, where she served as the company’s Head of State Tax for six years. In this role, she was responsible for all state taxes at Barclays, including income, franchise, sales and use, and excise tax issues. Her responsibilities included establishment of state tax return filing positions and reserves, participation in the financial statement process, and the handling of all state tax audits.
After her time with McDermott, Ms. McLoughlin worked at the Internal Revenue Service (IRS) as an attorney in the Chief Counsel division. After the IRS, she served as state tax counsel at Lehman Brothers in New York. Ms. McLoughlin joined Barclays Capital after Lehman filed for Chapter 11 bankruptcy protection in September 2008.
Mr. Call has focused on state and local tax at large firms for several years. He is a frequent publisher on state and local tax issues and has spoken on state and local tax issues in multiple forums.
“We’re delighted that Alysse and Richard have both decided to join the Firm at this time, as we continue to strengthen our world-class team of state and local tax practitioners,” said Jane May (pictured), partner and head of McDermott’s State and Local Tax Practice Group. “Alysse’s in-depth experience both as a practitioner and head of the state tax department of a prominent financial institution will enable us to enhance the sophisticated service we provide to our clients. Rich’s experience will be particularly valuable to our clients as they consider business restructurings and the impact of new state legislation on their current business operations.”
Ms. McLoughlin is admitted to the New York State Bar. A graduate of Fordham University School of Law, she received her LL. M. from New York University School of Law and her Bachelor’s degree from SUNY Binghamton. Mr. Call is admitted to the New York State Bar. He is a graduate of New York University School of Law. He received his LL. M. and B.A. from Brigham Young University.
Baker Tilly TFW has announced that Mr Loh Eng Kiat joined the Firm’s expanding tax team on 11 August 2014.
Eng Kiat will be admitted as a tax partner with effect from 1 September 2014 and will be an additional resource for the firm’s existing corporate and international tax capabilities.
Eng Kiat comes to Baker Tilly TFW with more than 10 years’ experience at PwC, providing corporate tax solutions (both compliance and advisory) to businesses from start-up companies to multinationals. His experience includes advising businesses involved in food & beverages, software offerings, semiconductor segments, commodities, lifestyle offerings, professional services, etc. He was formerly a senior manager at an international public accounting firm, where he delivered projects of diverse technical nature including compliance-based engagements, due diligence, post-deal restructuring, incentive negotiation, transfer pricing and supply chain modelling. He graduated from the Nanyang Technological University, Singapore with a bachelor’s degree (first class honours) in accountancy.
“We are delighted to welcome Eng Kiat to the Baker TiIly TFW team,” said Managing Partner Mr Sim Guan Seng. “Eng Kiat is a highly versatile tax practitioner and brings a strong track record of providing corporate tax solutions (both compliance and advisory) to clients from a wide spectrum of industries. Eng Kiat’s appointment is a clear demonstration of our commitment to strengthen the firm’s service offerings and support the growing needs of our clients.”
Commenting on his appointment, Eng Kiat shared, “I am thrilled to be joining the Baker Tilly TFW team. The global (and to some extent, regional) tax environment is going through a significant flux and the market need for tax services will likely magnify and become more diverse. As a second tax partner together with Ms Boey Yoke Ping (the Tax Practice Leader) and the larger multi-disciplinary team led by Guan Seng, I look forward to augmenting our aspirations and capabilities to fulfil our clients’ needs for a more expansive range of tax services.”
The international law firm Greenberg Traurig LLP has brought Matthias Edrich on as a shareholder to join the firm’s Tax practice and to support the Public Finance practice.
He is based in the Boston and Denver offices but serves clients nationally. Edrich advises state and local governments and nonprofit and for-profit clients concerning federal tax treatment of municipal bonds and corporate securities offerings, tax credit matters and has significant experience representing issuers in connection with Internal Revenue Service audits of tax advantaged financings. He also advises clients in connection with 501(c)(3) and other types of tax exemption applications concerning the formation of nonprofit corporations. Prior to joining Greenberg Traurig, Edrich served as tax partner at Kutak Rock.
“We are pleased to welcome a recognized leader in the tax and public finance areas,” said Terence P. McCourt, Managing Shareholder of Greenberg Traurig’s Boston office. “Matthias’ experience and legal knowledge are a great asset to our clients.”
Edrich also has experience providing tax advice with respect to financings for traditional state and local governmental facilities, hospitals and senior living facilities, development districts, student loans, residential rental housing facilities, manufacturing facilities, alternative energy and solid waste facilities, transportation, schools, libraries and fire districts. He has assisted with structuring New Market Tax Credit and Low Income Housing Tax Credit financings and financings relating to the investment tax credit and production tax credit for alternative energy projects. He frequently represents issuers in connection with Internal Revenue Service audits relating to tax-exempt bonds.
“Matthias brings a great deal of experience in tax-exempt financing and exempt organizations,” explains David G. Palmer, Managing Shareholder of Greenberg Traurig’s Denver office. “He has significant national reach in these areas of law, he understands our clients’ tax and financing needs, and will further support the firm’s strong reputation as a national leader in tax and public finance law.”
Edrich earned his LL.M. in Tax, his J.D. and MBA from the University of Denver and his B.S. from the University of Colorado at Boulder. Edrich currently serves as Vice Chair of the Tax Committee of the National Association of Bond Lawyers. He also served as an officer for the German American Chamber of Commerce – Colorado Chapter and provides general legal advice to German organizations interested in conducting business in the United States. Edrich is fluent in German and worked and lived near Munich, Germany.
Dominic Preston has had an impressive tax career since his return to Grant Thornton. He joined the firm in 1998 as a trainee and then left to spend 8 years at EY in London, leaving as a senior tax manager.
He returned to GT in 2009 in the Belfast office and was immediately made a corporate tax partner and also managing partner for Northern Ireland. In March 2014 he was given a national management role with the Firm, as UK Innovation Group Leader.
This new move into Milton Keynes will sit alongside his existing Innovation leader role, but here at Tax Grotto we expect that the Firm has further plans for Mr Preston. His appointment brings the number of tax partners in Milton Keynes to four.
Troutman Sanders LLP has announced that Adam Kobos has joined the firm as a tax partner in its Portland office. As part of his national practice, Kobos will collaborate with a number of the firm’s practice areas, including Energy, Project Finance, and Corporate. He also will work closely with the firm’s Orange County office as it expands the firm’s corporate practice in the region. Kobos joins Troutman Sanders from Stoel Rives.
Kobos represents clients in a wide variety of federal and state tax matters, with a primary focus in the energy industry. Kobos represents clients who develop, acquire, and invest in renewable energy projects (including wind, solar, geothermal, waste-to-energy, biomass, hydroelectric and other renewable energy generation facilities), energy storage facilities, and electric vehicle charging and other alternative fuel refueling facilities. He also has significant experience in representing alternative fuel producers, blenders, and sellers in connection with federal and state fuel excise tax matters, including registration and credit qualification matters. Kobos helps clients qualify for federal and state tax incentives and implements transaction structures that maximize the value of those incentives, including partnership flips, sale-leasebacks, inverted leases, prepaid PPAs, and other tax-efficient structures. Kobos also represents utility clients in a wide range of federal income tax matters.
“We are delighted that Adam has joined the firm as he is a great fit in a number of ways,” said Craig Kline, a leading renewable energy lawyer and a Troutman Sanders partner in New York. “He will be a great addition for our national corporate practice as he not only brings an insightful approach to tax law but also provides our Energy practice with additional bench strength focusing on our project finance transactions that use partnership structures.”
“I have been familiar with the quality of the lawyers and the caliber of the clients at Troutman Sanders for years,” said Kobos. “I am very excited by the opportunity to join a growing national firm that is doing such sophisticated work for its clients in the energy industry, and I am looking forward to growing the firm’s tax practice generally.”
“Adam is a fantastic addition for us,” said Lara Skidmore, office managing partner of the firm’s Portland office. “He not only broadens our corporate capabilities in this market, but he also increases the breadth of tax services we can offer to a wide variety of clients on the west coast and throughout the United States.”
“Recent Developments in the Taxation of Transferable State Tax Credits,” Journal of Corporate Taxation, July/Aug. 2011
“IRS Issues Settlement Guidelines for Application of Section 118 to Location Tax Incentives,” Journal of Corporate Taxation, May/June 2011
“Bosamia: The Tax Court Revisits Section 481 and Accounting Method Changes,” Journal of Corporate Taxation, Mar./Apr. 2011
“Bergbauer Expands the Danielson Rule While Narrowing Section 83,” Journal of Corporate Taxation, Sept./Oct. 2010
“Rev. Rul. 2009-39 Provides Guidance for Correcting Employment Tax Errors,” Journal of Corporate Taxation, May/June 2010
“Schering-Plough Corp. Createli Confusion,” Journal of Corporate Taxation, Jan./Feb. 2010
“ARRA Alters the Landscape of Renewable Energy Project Finance,” Journal of Corporate Taxation, Nov./Dec. 2009
“Proposed Regulations Extend ‘Share-by-Share Approach’ to Basis Recovery in Distributions,” Journal of Corporate Taxation, May/June 2009
“Final Regs. Simplify Continuity-of-Interest Rule for Insolvent Corporations,” Journal of Corporate Taxation, Mar./Apr. 2009
“Renewable Energy Aspects of the American Recovery and Reinvestment Act,” Biofuels International, Mar. 26, 2009 (coauthor)
“Rev. Rul. 2008-25 Refines (and Revises) the Law of Two-Step Acquisitions,” Journal of Corporate Taxation, Sept./Oct. 2008
“Federal Tax Incentives for Green Buildings,” Sustainable Land Development Today, July/Aug. 2008 (coauthor)
“Final Regulations Concerning Allocations of Boot and Basis in Reorganizations and Section 355 Distributions,” Journal of Corporate Taxation, May/June 2008
Hern Kuan has joined Rajah Tann as a tax partner in the Singapore office.
Hern Kuan was introduced to tax law in 1991. He was, prior to joining Rajah & Tann LLP in 2014, the Chief Legal Officer of the Inland Revenue Authority of Singapore (IRAS) for 10 years. Prior to his 14 year stint in IRAS, he was a tax manager with KPMG and PwC, and a lecturer with the Faculty of Law, National University of Singapore.
While at IRAS, he was, with his colleagues, involved in providing all manner of legal and tax advice to IRAS’ operational divisions, tax law interpretation, tax rulings, international matters, enforcement proceedings, audit, investigation and criminal prosecution matters, and drafting of tax legislation. He has also represented IRAS as lead counsel in civil and criminal court proceedings in the various boards of review and the Supreme Court.
Notable Cases & Transactions
AQQ v CIT  SGCA 15,  SGHC 249,  SGITBR 1
AQP v CIT  SGCA 3
BQM v CIT (2011) MSTC 50-004 (SGITBR)
Clifford Development v Commissioner of Stamp Duties  SGCA 17,  SGHC 168
City Developments Limited v Chief Assessor  SGCA 29,  SGHC 227, (2007) MSTC 5,598 (SGVRB)
UOL Development (Novena) Pte Ltd v Commissioner of Stamp Duties  SGHC 173
First DCS Pte Ltd v Chief Assessor  SGHC 82
IE v CIT (2007) MSTC 5,656 (SGITBR)
Comptroller of Income Tax v IA  SGCA 24,  SGHC 229, (2005) MSTC 5,456 (SGITBR)
Comptroller of Income Tax v HY  SGCA 7,  SGHC 137, (2005) MSTC 5,439 (SGITBR)
T Ltd v Comptroller of Income Tax  SGCA 13,  SGHC 115
JD v Comptroller of Income Tax  SGCA 52,  SGHC 92, (2005) MSTC 5,391 (SGITBR)
HZB v CIT (2005) MSTC 5,508 (SGITBR)
UDPL v CIT (2005) MSTC 5,331 (SGITBR)
Kuok (Singapore) Ltd v Commissioner of Stamp Duties  SGHC 81
BCH Retail Investment Pte Ltd v Chief Assessor (2003) MSTC 7,439 (SGHC)
MMR v CIT (2001) MSTC 5,305 (SGITBR)
Memberships / Directorships
Member, Law Society of Singapore
Member, Singapore Academy of Law
WilmerHale has welcomed Matthew Schnall as a partner in the Boston office and a member of the Tax Practice Group.
Mr. Schnall represents clients in tax controversies, transactional planning, administrative ruling requests, and tax regulatory compliance. Mr. Schnall boasts substantial experience advising clients on the tax aspects of mergers and acquisitions, spin-offs and split-offs, equity and debt financings, registered and private investment funds, business liquidations, restructurings and workouts, as well as international and partnership tax issues. He has handled tax controversies before a variety of state and federal tribunals and joins WilmerHale from the Boston office of a major law firm.
“WilmerHale is a highly successful and widely-respected firm, I look forward to joining them.” noted Mr. Schnall. “I have worked with and across from WilmerHale’s tax lawyers in a number of contexts over many years. I have the utmost respect for them, and am excited to work as part of their team.”
Since 2004, Mr. Schnall has been recognized by Chambers USA as a leading tax lawyer in Massachusetts. He is also consistently ranked as a top tax lawyer by The Best Lawyers in America and among the list of Massachusetts Super Lawyers.
Mr. Schnall is an adjunct professor in the Boston University Law School Graduate Tax Program and speaks frequently on topics in federal, state and international taxation. He earned his JD from Harvard Law School and his AB from Harvard College.
Kirkland & Ellis LLP has announced that Dean S. Shulman has joined the Firm’s New York office as a partner in the Tax Practice Group.
“Dean is a top-of-market tax lawyer with a perfect blend of intellect, experience and energy that complements and bolsters our existing strong tax practice,” said Jeffrey C. Hammes, Chairman of Kirkland’s Global Management Executive Committee.
Mr. Shulman is among the country’s preeminent tax attorneys. He represents clients on a wide range of U.S. and international tax matters, including mergers, acquisitions, divestitures, tax-free spin-offs, leveraged buyouts, initial public offerings and fund formation. He has represented public companies, private equity firms, real estate developers, regulated investment companies, publicly traded partnerships and investment partnerships, among other clients. Mr. Shulman was previously a partner in the New York office of Skadden, Arps, Slate, Meagher & Flom LLP.
Mr. Shulman has been recognized repeatedly as a leading tax lawyer by Chambers USA, and his work has been featured in the Financial Times’ U.S. Innovative Lawyers Report, The American Lawyer’s “Big Deals” column and in Law360. He earned a LL.M. in taxation and a J.D., cum laude, from the New York University School of Law.
“Dean will provide immediate and valuable contributions to our Tax Practice Group, an important area for our New York transactional practice,” said David Fox, a corporate partner and member of Kirkland’s Global Management Executive Committee.