News & Events

May 16, 2018

Tax Cuts and Jobs Act: How Should U.S. Individuals Restructure Foreign Corporation Ownership?

Paul Marcotte, Tax Chair

Paul Marcotte was a panelist for STEP Mid Atlantic on May 16, 2018.

The Tax Cuts and Jobs Act significantly revised the international tax provisions of the Internal Revenue Code. For U.S. corporations owning 10% or more participations in foreign corporations engaged in active businesses, deferral is effectively ended, and a foreign corporation’s earnings are subject to worldwide taxation, based on a split rate system, or tax exemption. For U.S. individuals, a foreign corporation’s active business profits are subject to worldwide taxation at ordinary income tax rates or U.S. tax deferral. Simply stated, prior law structures no longer work for individuals. The presentation summarized the new international tax regimes and proactive planning strategies. There was also an interactive discussion and Q&A.

Paul Marcotte is the Chair of the firm's Tax practice group and is a member of its Estate Planning, Estate Trust & Administration and Nonprofit groups. 


November 19, 2020

Six Attorneys Named “Top Lawyers” by Washingtonian Magazine - December 2020 Issue

Paula Calimafde, Michelle Chapin, Tracey Coates, Deborah Cohn, Glenn Cooper and Eva Juncker were all selected to Washingtonian's Top Lawyers list for 2020.

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The Clock is Ticking Again on Lawsuits

The COVID-19 pandemic has disrupted “business as usual” in many ways. People and businesses have been focusing on safety measures and efforts to maintain financial...

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Resource Center

Paley Rothman shares this library of resources with clients and friends of the firm to help them stay ahead of legal and business developments and trends. Here, you will find helpful tips and tools written by our attorneys and relevant to our areas of practice.

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