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.
Rohit Kumar, most recently deputy chief of staff to Senate Republican Leader Mitch McConnell, is joining PwC US as a principal and co-leader of the firm’s Tax Policy Services practice in Washington National Tax Services (WNTS), effective September 30th, the firm announced today. Brian Meighan will continue in his role with the group, as co-leader of the practice.
“We are delighted to have Rohit join PwC as co-leader of our tax policy services group,” said Pam Olson, WNTS leader and deputy tax leader for PwC. “US businesses are seeking guidance on tax policy, particularly the need for a tax system that is more stable and that promotes stronger economic growth. Rohit’s intellect, understanding of the political perspectives of policymakers on both sides of the aisle, and stellar reputation will enhance our ability to provide clients with the advice and counsel they need to navigate the uncertain road ahead.”
Kumar’s previous roles demonstrate the breadth and depth of experience he brings to his new role. He joins PwC from the Office of Senate Republican Leader, Mitch McConnell, where he has served as the domestic policy director and most recently as deputy chief of staff. Prior to his role with Senator McConnell, he was director of policy and senior counsel to Senate Majority Leader Bill Frist. In addition, he was the senior policy advisor and general counsel for Senate Republican Leader Trent Lott. In all of these roles, he has worked in close collaboration with Senate leaders to develop and implement all aspects of domestic policy, including tax, trade, budget and health care.
Kumar received his B.A. in political science and economics from Duke University and his J.D. from the University of Virginia School of Law.
Urs Zulauf, former General Counsel at FINMA, will be supporting Credit Suisse in further developing and implementing its business policy regarding the tax compliance of client assets.
Urs Zulauf, who will join the bank on February 1, 2014 will be responsible for Client Tax Policy at Credit Suisse. He will report directly to Romeo Cerutti, General Counsel, and Hans-Ulrich Meister, Joint Head Private Banking & Wealth Management and CEO Region Switzerland.
Urs Zulauf was a member of the Executive Board of the Swiss Financial Market Supervisory Authority (FINMA) until the end of January 2013.
The Isle of Man Government has announced that Nicola Guffogg is the new Assessor of Income Tax when Malcolm Couch takes up his new role as Chief Financial Officer.
Ms Guffogg has been Deputy Assessor in the Income Tax Division of Treasury for the last six years and has played a key role in the development of the Island’s tax regime and its international reputation.
Ms Guffogg said:
‘I am delighted and honoured to be taking over as Assessor. The Island’s tax regime and reputation have been essential to its economic success and I will endeavour to ensure that this continues. It is a privilege to be asked to lead the Income Tax Division and I look forward to working with colleagues across Government and to building on the constructive and valued relationships I have with the private sector.’
Treasury Minister Eddie Teare, MHK, said:
‘I welcome Nicola’s appointment. She is well known and respected both in the Isle of Man and internationally, and I am sure that she will be a success in this challenging new role. The position of Assessor is a vital one both in the Treasury and across Government, and I look forward to working more closely with Nicola as she takes it on.’
Malcolm Couch has been Assessor of Income Tax since 2004. Prior to this his career involved tax roles with Shell, Ernst & Young and HMRC.
Annabelle Canning, formerly VP of State Tax Policy at Verzion, has joined the Washington based tax lobbying firm, Capitol Tax Partners as a Partner.
Whilst at Verzon Annabelle oversaw state tax legislative policy and planning to support Verizon’s wireless and wireline operations, by developing and leading national efforts to implement national 50-state solutions addressing key tax issues.
In her new roles she will represent clients regarding tax matters by developing federal legislative solutions to state tax problems and devising ways to modify existing federal legislative proposals to address tax concerns.
Capitol Tax Partners is Washington’s largest independent consulting firm specializing in tax legislative and regulatory matters. The firm’s principals offer their clients an intimate knowledge of the tax-writing and rulemaking process. They have more than 100 years of experience in senior positions with the congressional tax-writing committees and the United States Treasury Department, and many years of experience representing private sector clients regarding tax matters before Congress, Treasury and the Internal Revenue Service.
Deloitte, the largest professional services organization in the United States, today announced Jonathan Traub, former staff director for the Committee on Ways and Means of the U.S. House of Representatives, has joined its Washington National Tax practice.
Traub succeeds Clint Stretch, who is retiring. In his new role, Traub, a principal, leads a team which identifies, evaluates and monitors legislative proposals, and interprets the practical issues surrounding the application of tax proposals on behalf of Deloitte’s clients.
Traub enjoyed an extensive career as a senior staff member in the U.S. House of Representatives. Since 2008, Traub served as the Republican staff director for the Committee on Ways and Means and was responsible for developing legislative policies and strategy on issues in the Committee’s jurisdiction, including taxes, healthcare and trade. He played a key role in the Tax Relief Act of 2010 and the Budget Control Act (debt limit increase, 2011). He was also deeply involved in the work of the Joint Select Committee on Deficit Reduction, better known as the Super Committee.
“With tax reform emerging as a consistent theme during this election year, tax policy has become one of the most critical issues on the minds of our clients,” said Carl Allegretti, chairman and chief executive officer, Deloitte Tax LLP. “Jon’s knowledge and experience on Capitol Hill will better position them to anticipate the impact that proposed legislation may have on their businesses. His addition to our team further strengthens Deloitte’s position as the nation’s leading tax practice.”
“I’m thrilled to join Deloitte Tax, and I look forward to sharing my experience with clients during a critical time for tax policy,” said Traub. “Today’s U.S. legislative system is extremely complex. I’m pleased that I can put my experience to work on behalf of our clients, helping them stay abreast of developments in the tax policy debate and understand where those debates may lead and how it will affect their businesses.”
Prior to the U.S. House of Representatives, Traub served as the vice president for tax legislation at the Securities Industry Association where he successfully championed reduced rates of tax on capital gains and dividends, as well as other important federal tax issues.
Traub was raised in Minneapolis, Minn. He received his bachelor’s degree from Haverford College and juris doctor from the University of Virginia. He lives in Alexandria, Va. with his wife, Jean.
About Deloitte’s Washington National Tax Practice The Washington national tax practice provides the deep technical subject-matter knowledge that is integral to Deloitte Tax’s ability to deliver world-class tax consulting services. Recognizing clients execute complex transactions every day, the Washington National Tax practice has established specialized teams to provide the knowledge and experience to address a wide range of tax issues.
The Washington National Tax practice works closely with clients and Deloitte local office professionals to analyze complicated issues and help manage risk in today’s increasingly sophisticated business world. The Washington National Tax office also works in conjunction with the other Deloitte member firms making the resources of our worldwide network available to assist clients in addressing their business objectives.