Peter L. Faber focuses his practice on corporate and business tax planning and controversy work involving federal, state and local taxes. His clients include Aetna, Inc., Goldman Sachs, Loews Corporation, Metropolitan Life Insurance Company, Morgan Stanley, Starbucks and The New York Times Company.
Peter's state and local tax practice has included tax planning for corporate acquisitions, divestitures and restructurings, combined report planning, electronic commerce and nexus issues, cloud computing issues, residence matters, alternative apportionment issues and a variety of other matters. He has advised foreign and multistate corporations on structuring their US operations to reduce state and local taxes. He has litigated many cases before state and local administrative agencies and courts and has represented taxpayers at all levels of the administrative controversy and ruling process. He also has represented companies and industry groups in legislative and regulatory matters.
Peter is part of McDermott's state and local tax group that successfully represented the taxpayers in the landmark Quill, ASARCO and Woolworth cases before the United States Supreme Court. He practices in the federal tax area. He has advised corporations (both publicly held and privately held), partnerships and individuals on a wide variety of transactions, including mergers and acquisitions, restructurings, spin-offs and debt work-outs. Peter has obtained many rulings from the Internal Revenue Service (IRS) with respect to proposed transactions. He has represented tax-exempt organizations in Coordinated Examination Program (IRS) audits and in connection with joint ventures, restructurings, compensation and other matters.
In addition to writing extensively on tax subjects, Peter has lectured on taxation at institutes around the country, including: the NYU Annual Institute on State and Local Taxation, the Georgetown State and Local Tax Conference, The Institute for Professionals in Taxation Conferences, Council on State Taxation Programs, the University of Southern California Tax Conference, the Multistate Tax Institute (Orlando, Florida), the Chicago Tax Institute, and many local Tax Executives Institute chapters.