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.
Ernst & Young LLP announced today that Richard McAlonan, Jr. has joined the firm as Director of National Tax Transfer Pricing Controversy in Washington, DC, and will also act as the Americas Director of Advance Pricing Agreements (APAs) after serving as the Director of the IRS’s Advance Pricing and Mutual Agreement (APMA) Program.
As director of the recently formed APMA program, McAlonan led a team of 120 lawyers, economists, accountants and staff. He was tasked with integrating the APA program staff with the Tax Treaty IRS group, improving productivity and efficiency while maintaining the high standards and strong image of the APA and mutual agreement programs. During his tenure, the IRS significantly increased the number of APAs completed.
“Dick’s experience with the new APMA program will bring tremendous value to our clients as they consider the most appropriate opportunities for increased tax certainty,” said Michael Mundaca, co-director of Ernst & Young LLP’s National Tax Department.
Prior to joining the IRS, McAlonan spent two years as an Executive Director for Ernst & Young LLP’s transfer pricing controversy practice, where he advised clients on transfer pricing controversy risk management and resolution (including audit dispute resolution) as well as APAs, competent authority procedures and tax treaties.
He has spoken at industry conferences and authored a series of articles comparing APA procedures in different countries.
McAlonan received his Master in Business Administration from Temple University and his Master of Science in Taxation from Pace University, where he graduated summa cum laude. He is licensed as a Certified Public Accountant in the District of Columbia and Pennsylvania.
DLA Piper announced today that Liga Hoy has joined the firm as a principal economist for the International Tax practice in San Francisco.
Hoy joins DLA Piper from Franklin Templeton Investments, where she served as the director of global transfer pricing in its Corporate Finance unit. There, she assisted in the development and implementation of global transfer pricing policies across multinational jurisdictions and advised on pricing solutions to support complex products and financial services. Prior to that, she served as a transfer pricing economist at Barclays Global Investors, principal economist at the consulting firm CRA International, and senior economist at the US Treasury, Internal Revenue Service. She is particularly experienced in transfer pricing issues relating to the Financial Services and High Technology industries.
Hoy received a Master’s degree in International Economics from University of California and a B.S. degree in Quantitative Economics from Stanford University. She is involved in several professional organizations, including the Tax Policy Institute, Tax Executives Institute, the International Fiscal Association, and the American Bar Association, among others. Ms. Hoy serves as Honorary Consul for Latvia in Northern California and is a member of the American Chamber of Commerce. Ms. Hoy is active in the Baltic community, serving on the Advisory Board of Directors of the Latvian American Business Association of California.
“We are delighted to have Liga join us as part of DLA Piper’s international tax group,” said David Colker, global head of the Tax Practice. “She will join our existing US economist team in New York, Chicago, Los Angeles, San Diego, and Silicon Valley.”
Transfer Pricing specialist Sid Paruthi has resigned from EY San Jose to join Apple Inc as Head of Transfer Pricing, based from Cupertino.
Mr Paruthi started his career in India with EY in 1996 focusing on international tax issues. He moved to The Netherlands in 2000 to specialise in Transfer Pricing with PwC. In 2006 he returned to EY, joining the San Jose office.
Whilst in the US Mr Paruthi focused on technology clients and was quality head for the west coast transfer pricing practice.
WTP Advisors is strengthening its TP practice with the hire of Ph.D. economist and financial professional. Nancy Voth. She has joined the firm’s Midwest office to further develop and provide services for a growing portfolio of clients.
“Nancy comes with a wealth of experience in transfer pricing, valuation, and economics, having most recently spent six years with Deloitte’s Tax and Financial Advisory Services groups,” says Ian Boccaccio, co-founder and Partner at WTP Advisors; “Joining with WTP Advisors, will enable her to focus on providing high quality client service and thorough resolution of clients’ tax and financial issues.”
Nancy joins WTP Advisors as a Director in Minneapolis to support the WTP Advisors team in providing tax and business services to global companies. She was previously with Deloitte.
WTP’s multidisciplinary approach to transfer pricing, involving a team of lawyers, accountants, economists and analysts capable of addressing legal, international tax, economic and quantitative issues in transfer pricing via an integrated and forward-facing approach encourages planning as opposed to the more conventional and backward-looking compliance approach.
“I am fortunate to be joining a firm like WTP that prides itself on top quality client service, so as to be able to effectively and efficiently team with clients in responding to changes in transfer pricing requirements, and to help clients proactively understand and manage their transfer pricing risks,” says Voth.
“Increasing demand from our clients and referral partners led us to look for an addition to our team who will fit in with our ethos of creative thinking and exceptional service. Nancy’s experience makes her a key addition to the WTP Advisors family. We are fortunate to find someone of Nancy’s caliber to fulfill this role,” says Guy Sanschagrin, Managing Director of WTP Advisors’ transfer pricing practice.
About Nancy Voth
As a Director, Nancy will support clients undertaking and managing financial and functional analyses to determine transfer pricing implications of supply chain decisions, deals and acquisitions; provide analyses of clients’ intellectual property valuations to support analysis of business restructurings; assist clients with U.S. and non-U.S. audit support, including IDR responses, financial analysis and research; provide oversight of 6662 transfer pricing documentation preparation and implementation of global pricing policies; and collaborate and communicate with clients regarding transfer pricing policies, compliance and risks. Among Nancy’s primary industries of focus are retailers, consumer goods producers, automotive and industrial product manufacturers, and pharmaceuticals companies.
Baker & McKenzie has reinforced its Asia Pacific Tax practice group with the key hire of a leading transfer pricing practitioner Michael Nixon. Michael joins Singapore member firm Baker & McKenzie.Wong & Leow from Ernst & Young as Transfer Pricing Consultant focused on work across the region.
Michael is an economist and a qualified tax professional with a Master’s degree in Economics from the University of London. He brings with him a wealth of experience in regional transfer pricing and tax effective supply chain management (TESCM) and has worked on projects in Singapore, the UK, Germany and the Netherlands. He recently led a global FMCG company through a major TESCM project that included working on several advance pricing agreements (APAs), developing new solutions in TESCM, valuations and transfer pricing economics and leading several compliance projects.
“It is our pleasure to welcome Michael to our Tax practice. His 13 years of experience in transfer pricing and business restructuring projects in both Asia and Europe make him a great addition to our team. The expansion of our team allows us to offer a full service to clients in the areas of transfer pricing and valuation projects,” said Eugene Lim, Principal and Head of Tax and Wealth Management at Baker & McKenzie.Wong & Leow in Singapore.
“We’re thrilled to have Michael join us,” said John Walker, Head of Baker & McKenzie’s Asia Pacific Tax Practice. “With the addition of his extensive knowledge in transfer pricing to our current offering, this is a great opportunity to enhance our tax platform and service to our clients in expanding the Asia Pacific market.”
Michael commented, “In light of the growing internationalization of multinational corporation operations and the fiscal constraints of today’s governments, regional tax authorities are becoming both more sophisticated and strategic in their engagement with taxpayers. Transfer pricing is becoming an increasingly important factor for clients when planning their regional tax strategies and I’m very excited to be able to contribute this experience to Baker & McKenzie, a Firm that has been seriously forging its brand name in the tax scene for several decades.”
Renewables company Vestas has promoted David Mateu.
David has been with the Group Tax function since 2010 as Head of Tax for the Mediterranean and LATAM regions. He will now lead transfer pricing globally and continues to be based from Madrid.
David trained with KPMG and moved to PwC where he reached Senior Tax Manager grade. Since then he has held a series of high profile commercial tax roles, Tax Controller Europe at Bacardi Martini, Tax Director Iberia at GE Capital and Tax Director Europe at Checkpoint Systems.
In his new role he will be responsible for:
1. Setting up the Group’s Transfer Pricing agenda and strategy
2. Identifying & analyzing Global transfer pricing issues and opportunities within the Group
3. Developing recommendations to enhance the Group’s transfer pricing position
4. Implementing transfer pricing planning initiatives in a cross-functional setting
5. Advising business leaders on transfer pricing implications of business initiatives and planning opportunities
6. Ensuring compliance with global transfer pricing rules including maintaining contemporaneous global transfer pricing documentation, cost share arrangements and intercompany agreements.
7. Managing and leading transfer pricing controversies (MAPs, APAs, etcetera) and
developing audit defense strategies
8. Determining tax provision implications/ tax risk management of transfer pricing matters
9. Managing external tax counsel and global advisors
10. Monitoring changes in transfer pricing law and ensuring global compliance with TP regulations
Roman Dawid joins PwC Frankfurt this month as a partner in the Firm’s transfer pricing practice. He joins from Deloitte where he was also a partner and where he had worked since 2001.
He will report into Prof Dr Dieter Endres, member of the Executive Board of PwC in Germany and head of the Tax & Legal service line.