Timothy (Tim) S. Shuman is the head of McDermott’s US & International Tax Practice and is based in the Washington, DC office. He focuses his practice on corporate and international tax matters for US and non-US multinationals, with particular emphasis on domestic and cross-border acquisitions, dispositions, restructurings and liquidations. He has been involved in more than a dozen spin-offs by publicly traded companies, plus several involving privately held companies. He has served as lead tax counsel in some of the most significant public M&A transactions over the past several years. He advises clients on internal spin-offs and tax-free reorganizations and regularly represents clients in obtaining private letter rulings and other guidance from the Internal Revenue Service (IRS). He also advises on tax issues involving private equity funds and regulated investment companies.
Tim also regularly counsels clients on international tax issues, including tax-efficient repatriation strategies, tax basis planning, supply chain planning, principal structures, and foreign tax credit planning. He has represented a number of clients before the IRS in connection with audits and the IRS appeals process, including with respect to worthless stock losses, foreign tax credits and Subpart F income issues.