Tax Policy - Arent Fox

12 Pages·2011·0.51 MB·English

Arent Fox Tax
Government Policy
a record of
Relations
success
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Insight, Inspiration
and Advocacy.
When and Where
You Need It.

two former U.s. senators… a former member
of the U.s. House of representatives…
expert lobbying teams… Proven success…
Part of a law firm with more than 350
smart legal minds to draw from…
This is Arent Fox
Government
Relations.
a vital team in one of the most respected law
firms in Washington, DC, we’re a bipartisan
and bicameral group of attorneys and policy
professionals with deep experience at the
highest levels of politics and public service.
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Policy Pros.
Deep Knowledge
of Tax Issues.
our clients benefit from the experience
of a diverse group of tax policy experts,
including former members of Congress,
senior staff, and tax lawyers who comprise
a deep bench. With Congress and the
administration certain to focus on tax policy
in 2012, it is critical to know what’s taking
place and to have a seat at the table.
accordingly, we are pleased to provide strategic guidance from former Senator
Byron Dorgan, who served for 10 years on the Ways and means Committee in the
U.s. House of representatives, former Congressman Phil English, who spent 14
years on the committee and was a leading advocate of fundamental tax reform, and
former Senator Robert Bennett, who as Chairman of Joint economic Committee
held hearings on and produced papers on tax policies and their economic impacts.
Actively involved in tax policy for a wide range of clients, our team
has the skills and understanding to help you get results.
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What We’ve
Accomplished.
With Intelligence,
Resourcefulness
and Ingenuity.
if you want to grow your business and expand
your markets, advocate for change, affect
regulatory and tax issues, defend rights and
privileges, we’re your tax policy partner.
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Successes.
Institutional Tax Partnership Income Transportation Tax
Benefits advocating Taxes Formulating Issues members of the
for tax policy changes policy and tax laws, group have experience
to benefit a whole arent Fox eliminated successfully advocating
range of institutions, double taxation in and legislating on an
including colleges, business partnership array of miscellaneous
churches, commercial income tax laws in the matters with fuel
real estate developers, District of Columbia. taxes, excise taxes,
drug companies, and and highway/transit
small businesses. International program tax matters.
Taxation leading
Tax Incentives for House advocate Stimulated
Wind Energy Helping for the Homeland Local Economic
a company stimulate reinvestment act, Development
additional production which temporarily arent Fox obtained
of wind power through allowed international numerous tax incentives
tax legislation – companies to repatriate for local commercial
ultimately enacted in foreign earnings to the and nonprofit
the american recovery United states without development projects.
and reinvestment double taxation.
act of 2009.
Nonprofit and
Estate Taxes Association Tax
representing americans Issues Won
standing for the enactment of a $1
simplification of the million annual tax
estate tax (asset), a abatement for a large
tax coalition dedicated trade association in
to reforming and exchange for bringing
simplifying the estate additional convention
tax. We help generate and tourist revenue to
new members, develop the District of Columbia.
legislative proposals and
support materials, and
obtain meetings with key
members of Congress
and think tank experts.
For more advocacy and public policy accomplishments,
go to arentfox.com/practices/govrelations
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What’s Coming on
the Horizon?
Ask Arent Fox.
experience and accomplishments clearly
demonstrate our high level of expertise in
government relations, but look ahead. tax
issues will be a driver of your business in the
future. they are a legislative priority in Federal
and state governments as well as internationally
– and critical to your business goals, too.
tax reform will be an international tax reform Congress will move
enormous legislative could end tax penalties toward eliminating
priority on the Federal, on foreign earnings. situations where big
state and local levels. corporations pay no
simplifying the tax code taxation of the federal tax and others
will be an underlying use, extraction and pay such a high rate
theme in any reform, as production and various that it drives them
well as greater scrutiny kinds of energy overseas or prevents
of existing deductions. including clean energy them from competing.
will be an enormous
elimination of tax priority in the power non-profit organizations
preferences and and fuel industry. and particularly colleges
tax exemptions for and universities will see
special situations will other tax reform reforms, particularly
be concerns in every initiatives will arise, with Unrelated Business
economic sector, affecting policies income tax (UBit).
including higher such as cost recovery,
education, commercial bonus depreciation, alternative minimum
real estate, the and expensing. tax (amt) reform or
pharmaceutical industry, elimination will come to
and small businesses. the forefront of national
policy discussions
and lawmakers.
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Robert Bennett Byron Dorgan Philip English
arent Fox senior arent Fox senior arent Fox senior
Policy advisor Policy advisor Government
relations advisor
Former U.s. senator Former U.s. senator and
and senior member of Congressman (1981–2011); Former Congressman
the senate Banking member of the House Ways (1995–2009); member
Committee (1993–2011); and means Committee; of the Ways and means
senior member of the member of the senate Committee and ranking
appropriations Committee; Democratic leadership member, subcommittee
member of the Joint for 14 years; senior on select revenue;
economic Committee; member of appropriations Co-Founder of the
member of the republican Committee, science and Congressional real
leadership team. transportation Committee; estate Caucus;
tax Commissioner Controller of erie,
of north Dakota. Pennsylvania.
“everything’s at
stake in the next
few years. arent “i have substantial “We advocate on
Fox is an extremely knowledge of tax tax policy changes
well connected issues along with to benefit a whole
law firm. We know my friends senator range of institutions,
the legislative side Bennett and Phil including energy,
and we have tax english. But beyond health care,
partners that know former members life sciences,
the tax code inside of Congress, we manufacturing,
and out. reform is have experts that and others. our
a process, and you served on boards experts will refine
need political and of banks and in your position and
legal help, as well as diverse other areas. pitch and do the
lobbying expertise.” this gives strength regulatory work.
to our government We do more than
relations function.” open doors.”
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Unmatched Depth
and Breadth of
Expertise.
On Your Side.
tax is just one area in which arent Fox
provides smart advocacy solutions,
strategic guidance and counsel.
our Government relations Practice Group is a bipartisan team of
policy professionals and attorneys with extraordinary experience in
republican and Democratic politics and government service. Dynamic
and diversified, we provide critical knowledge, judgment and experience
for tax issues, health care matters, environmental questions and more.
We draft legislation and work with Congress to leverage regulatory action.
among our capabilities, we build and maintain coalitions, grassroots efforts
and constituent support. We provide business consulting and advise
our clients on how to obtain favorable public policy results. While solving
existing issues as your partner, we anticipate and prevent others. our
Political law attorneys advise on campaign finance, corporate PaC, lobbying
disclosure, and Congressional ethics issues to ensure that our clients
are acting appropriately while undertaking public policy initiatives.
strategic advice and services come from former U.s. senators, a member
of the U.s. Congress, a former member of the Board of Directors of the
export-import Bank of the United states, a former ambassador, senior Hill
insiders, and recognized experts in more than 30 practice groups.
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Collaboration.
Knowlege.
Experience.
arent Fox clients also leverage our firm’s
knowledge and experience with tax issues
in a more traditional legal context:
Howard Hughes Georgetown Globe Specialty
Medical Institute University Metals, Inc.
arent Fox represented arent Fox represented arent Fox advised
Howard Hughes Georgetown University Globe specialty metals
medical institute over (including Georgetown on tax matters related
the last two decades in University medical to its acquisition of
numerous financing and Center) in more than ospraie Funds (owner
derivative transactions, $1.275 billion tax- of Core metals Group,
including a $600 million exempt and taxable llC), a producer and
taxable bond financing, financings, including marketer of high-
a $500 million tax- new construction, purity ferrosilicon
exempt bond financing, refundings, interest and other specialty
an $83.5 million tax- rate conversions and steel ingredients,
exempt bond financing, derivative transactions, for $52 million.
and a $23 million tax- using auction rate
exempt bond financing. securities, fixed rate
bonds and variable
rate demand bonds.
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Arent Fox Delivers.
Responsiveness
and Results.
arent Fox llP is a full service government
relations and law firm assisting clients with a
wide range of matters. strategically located
in Washington, DC for more than 65 years,
with offices in new York and los angeles, our
teams work seamlessly to handle lobbying
and legal concerns affecting your business.
the firm represents a wide range of clients
in local municipalities, state government, on
Capitol Hill and in the executive branch, as
well as internationally. Clients include Fortune
500 companies, government agencies, trade
associations, small businesses of all kinds,
foreign governments and other entities.
We’re proud of the work we do for every client
and of our reputation for understanding their
business, their industry, and their world.
Arent Fox. Smart in Your World.
arent FoX llP