Taxpayers worldwide are facing increased scrutiny of, and new attacks against, longstanding tax structures. US corporate taxpayers are subject to some of the highest tax rates in the world, yet are constantly under threat of IRS audits. State and local governments dealing with growing budget shortfalls are developing creative arguments for increasing the tax burden on businesses located inside and outside of their jurisdictions. In this challenging atmosphere, multinational enterprises, mid-market corporations and closely held companies need effective, sophisticated legal guidance.
Initially launched as a tax law firm in 1934, McDermott remains one of the top tax practices in the United States and abroad. Our US federal, international, and state and local tax (SALT) lawyers bring a wealth of institutional experience and subject-specific knowledge to each client matter, enabling us to offer only the most practical and strategic advice on virtually every aspect of tax law.
As one of the largest and most established practices at the Firm, our team includes the president emeritus of the US branch of the International Fiscal Association, an appointed member of the Tax Reform Commission, and numerous former officials in the US Internal Revenue Service (IRS), US Treasury Department, and various state departments of revenue. Year after year, Chambers USA, US News-Best Lawyers, International Tax Review/World Tax Guide, The Legal 500, JUVE German Commercial Law Firms and many other legal and industry ratings agencies have recognized our practice and individual lawyers and litigators as leading practitioners.
Our interdisciplinary team also includes experienced economists and accountants with in-depth experience in transfer pricing planning, documentation and controversy matters. We regularly resolve tax controversies for clients who come to us after other professional advisors have failed to achieve the desired results.
To meet these multi-front challenges, clients need legal counsel with experience, international reach and familiarity with all major national and international regulatory regimes and dispute-resolution forums. With a talented team and depth across our offices, McDermott provides effective, coordinated counsel on US antitrust law, EC competition law, China’s Anti-Monopoly Law and other competition laws worldwide.