Covington & Burling has announced that Sam Maruca, most recently the Director of Transfer Pricing Operations for the Large Business and International Division at the U.S. Internal Revenue Service, has returned to the firm as a partner.
Mr. Maruca will be resident in the firm’s Washington D.C. office, and will advise clients on all facets of federal income tax controversy and risk assessment, including transfer pricing matters.
“We are delighted to welcome Sam back to the firm,” said Timothy Hester, chair of the firm’s management committee. “Sam has been at the heart of U.S. transfer pricing policy and enforcement over the last three years. He adds another dimension to our regulatory and risk management strategy, and a timely one given the growing importance of transfer pricing to multinational corporations and governments.”
Mr. Maruca has practiced in the field of federal income tax for more than 30 years. He has represented clients in numerous business sectors, including information technology, pharmaceutical, biotechnology, communications, specialty materials and retail.
“Sam is a top-flight international tax lawyer, whose exceptional experience in transfer pricing and transfer pricing controversies will again enhance our existing practice,” said Dan Luchsinger and Reeves Westbrook, co-chairs of the firm’s tax practice.
During his tenure at the IRS, Mr. Maruca instituted changes that resulted in a more sophisticated and comprehensive approach to transfer pricing audits and resolutions; new internal processes to leverage the IRS knowledge base; and improvements in the dialogue and relationships between the U.S. and its key trading partners throughout the world.
“I am delighted to return to Covington,” said Mr. Maruca, who spent three years in the firm’s tax group before being selected by the IRS to run its newly-formed transfer pricing unit. “Given the firm’s justified reputation as one of the top litigation and dispute resolution firms in the country, and the deep substantive strength of its existing tax practice, I cannot imagine a better place to grow a premier controversy practice. I believe I can help the firm position itself as a global trouble-shooter and risk manager for multinational enterprises, wherever they may be headquartered or doing business.”
Mr. Maruca earned his bachelor’s degree from Yale University and his law degree from Georgetown University.
Back in February 2014 Ms. Christine Lagarde, Managing Director of the International Monetary Fund, named Mr. Vitor Gaspar to the position of Director, Fiscal Affairs Department. Mr. Gaspar has now started work and succeeds Mr. Carlo Cottarelli, who resigned from the IMF last year.
“Mr. Gaspar brings with him impressive management credentials and a formidable record of public policy experience at the European and national levels,” Ms. Lagarde stated.
“My management team and I look forward to working with Mr. Gaspar on public finance matters and in providing vital fiscal policy advice to our member countries.”
Mr. Gaspar, a Portuguese national, has held a variety of senior policy positions in Banco de Portugal, including most recently as Special Adviser. He served as Minister of State and Finance of Portugal during 2011-2013. He was acting director-general of the European Commission’s Bureau of European Policy Advisers during 2007-2010 and director-general of general research at the European Central Bank from 1998-2004. Mr. Gaspar holds a Ph.D and a post-doctoral agregado in Economics from Universidade Nova de Lisboa; he also studied at Universidade Católica Portuguesa.
The OECD has appointed David Bradbury as Head of the Tax Policy and Statistics Division. He will be based from Paris.
Commenting on his appointment, Mr Bradbury said “I am particularly excited about the opportunity to join the OECD’s Centre for Tax Policy and Administration, under the leadership of Mr Pascal Saint-Amans, at a time when the OECD, in co-operation with the G20, is leading the way in driving some of the most important reforms to global tax policy in generations.”
Prior to joining the OECD Mr Bradbury was Assistant Treasurer at the Treasury department in Australia. He trained in tax with law firm Blake Dawson before his election to Federal Parliament. In March 2012, he was appointed as the Assistant Treasurer and Minister Assisting for Deregulation where his responsibilities include the design and administration of taxation law, foreign investment and implementation and administration of competition and consumer policy.
The Council also appointed current CIOT Deputy President, Anne Fairpo, to become President from May (succeeding Stephen Coleclough), and the current Vice President, Chris Jones, to advance to Deputy President at the same time. It is traditional for a prospective CIOT President to serve a term as first Vice President, then Deputy President, before taking on the most senior role.
Bill Dodwell commented:
“I am honoured to have been asked by colleagues on the CIOT Council to serve as an Officer of the Institute. The CIOT has an important role to play in promoting greater public understanding of the tax system and I look forward to contributing to its continuous development.”
Stephen Coleclough, current CIOT President, commented:
“I am delighted that Bill has agreed to join the Institute’s team of Officers. His deep understanding of international corporate tax issues is second to none. As Chairman of the Institute’s Technical Committee he has already been at the forefront of the Institute’s policy work and engagement with Government.
“Bill is already rightly established as one of the most high profile UK tax professionals. He maintains a regular presence within the media and public life and uses such opportunities to develop a greater understanding of complex tax issues. When it comes to explaining why it is that companies pay the amount of tax that they do, and busting some of the myths that float around this area, he is one of the best in the business.
“Alongside Anne Fairpo and Chris Jones he will complete a strong team of representatives and leaders of the tax profession when they take office in May.”
Bill Dodwell LL.B, LL.M CTA(Fellow) ACA is Head of Deloitte’s Tax Policy Group. The group manages tax knowledge, training and Deloitte’s compliance with the tax disclosure rules. As part of Deloitte’s tax leadership team, he is responsible for shaping all aspects of the firm’s tax policy. Bill chairs the CIOT’s Technical Committee and is a member of the Institute’s Council. He specialises in international corporate taxation. He was also a member of the interim Advisory Panel on the GAAR.untries. The CIOT’s comments and recommendations on tax issues are made in line with our charitable objectives: we are politically neutral in our work.
EY has announced the appointment of Wendy Martin as Tax Executive Director in the Channel Islands.
Wendy joins EY from the States of Jersey, where she was the Director of Tax Policy with responsibility for developing and implementing all aspects of domestic and international tax policy.
Prior to joining the States in 2009, Wendy spent 17 years with Deloitte/Andersen, the last 3 years as a tax director specialising in private equity and M&A work.
In her role at States of Jersey she was responsible for:
-developing and implementing domestic and international tax policy for Jersey.
-negotiation and implementation of an intergovernmental agreement with the US on FATCA and a similar agreement with the UK.
-negotiating a number of double tax agreement and tax information agreements.
-representing Jersey at the Global Forum on Transparency and Exchange of Information for Tax Purposes.
Lee Kelley, most recently deputy tax legislative counsel in the U.S. Department of Treasury’s Office of Tax Policy, has joined Covington & Burling as a partner in the firm’s tax practice. Ms. Kelley, who has extensive expertise in consolidated returns and subchapter C, will focus on corporate tax matters, including structural and transactional planning.
While at the Treasury Department, Ms. Kelley developed legislation, regulations and administrative guidance concerning corporations and their shareholders, partnerships, exempt organizations, and tax credits for low income housing and historic rehabilitations. Prior to that role, she served as the deputy associate chief counsel for corporate taxation at the Internal Revenue Service, where she oversaw the issuance of taxpayer-specific guidance and participated in the development of the government’s positions in matters of tax controversy.
In addition to her government service, Ms. Kelley previously spent nearly a decade in the private sector at KPMG and Deloitte, where she focused on domestic and cross-border corporate tax issues.
“We’ve built an exceptional tax practice, and Lee’s deep experience at the highest levels of tax policy and administration adds significantly to the strengths and capabilities of our team,” said Timothy Hester, chair of the firm’s management committee.
“Having held the top executive-level positions focused on corporate tax in both the IRS Office of Chief Counsel and the U.S. Treasury Office of Tax Policy, Lee brings a unique knowledge and expertise to our tax practice,” said Daniel Luchsinger andReeves Westbrook, co-chairs of the firm’s tax group. “This is an exciting opportunity,” Ms. Kelley said. “I was attracted to Covington because of its strong tax practice, its reputation for providing excellent client service and its commitment to pro bono service.”
Ms. Kelley earned her undergraduate degree from Colgate University and a law degree from Rutgers University. In her spare time, she coaches a Special Olympics basketball team.
The Chartered Institute of Taxation (CIOT) and Association of Taxation Technicians (ATT) have appointed former CIOT President, Patrick Stevens, to serve as Tax Policy Director; he has assumed the post with immediate effect.
Patrick brings a wealth of experience to the role; his long and varied career as a tax specialist has enabled him to experience life in most segments of the profession, including sixteen years with Ernst & Young where he was a Client Serving Partner and spent a number of years as a managing partner of the growth markets part of the business. Prior to that he worked with mid-tier firms and small local practices. He is an experienced performer on broadcast media and in front of parliamentary committees.
As President of the CIOT in 2012-13, Patrick worked closely with his predecessor as Tax Policy Director, John Whiting, to raise the profile of the Institute and ensure a practitioner perspective is heard in the increasingly vociferous tax debate.
Commenting, CIOT President Stephen Coleclough said:
“Patrick is taking up this role at an exciting time; our membership continues to grow and the media profile of tax has never been higher. As our lead spokesperson to both media and political audiences, Patrick will be playing a crucial part in bringing light rather than heat to the tax debate and ensuring that the voice of the profession is heard by decision-makers and opinion-formers. Patrick’s tenure as President was marked by a renewed focus on making sure that the Institute was fully representative of all parts of the tax profession and I am keen that we continue in that vein.”
Yvette Nunn, President of the ATT, said:
“In Patrick, the ATT and CIOT have a tax heavyweight who will speak up for the profession. Patrick is held in high regard both for his ability to communicate and explain complex issues around tax to an unfamiliar audience and for his skill as a technical expert. I am looking forward to working with him to strengthen the ATT’s profile and further develop our input into the tax policy process.”
New CIOT and ATT Tax Policy Director, Patrick Stevens, said:
“I am delighted to become Tax Policy Director at a challenging but fascinating time in tax. The need for the profession to make its voice heard in the frequently cacophonous tax debate has never been greater. I look forward to working with Stephen, Yvette and the wider CIOT and ATT memberships to achieve this. The great strength of our organisations is the technical excellence of our members. That is why we are listened to and why real weight is attached to our views and our recommendations.”
The IoD has hired Stephen Herring as its Head of Tax, effective Sept 2013. Stephen is based within the Policy Unit and will focus upon the impact of tax policies introduced by HM Government and the need for additional reforms to promote UK economic growth.
Mr Herring retired as a tax partner from BDO in July 2011 and was the Firm’s tax spokesperson for over a decade. He continues to be a member of HM Treasury’s Tax Professional Forum, which he joined in 2010.