Weinberger to drive Business Roundtable’s tax work

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Weinberger to drive Business Roundtable’s tax work

mark-weinberger100x90.jpg

EY’s chairman and chief executive officer, Mark Weinberger, who has worked for two US presidents, will lead the efforts of his fellow business leaders in the US to ensure Congress passes legislation on tax extenders and tax reform.

Randall Stephenson, chairman and CEO of AT&T, who also chairs the Business Roundtable, an association of CEOs of America’s biggest companies, announced today the Roundtable had chosen Weinberger to chair its Committee on Tax and Fiscal Policy.

“He takes over at a critical time and will be instrumental in the Roundtable’s efforts to get tax extenders and tax reform passed,” Stephenson said.

Weinberger became global chairman and CEO of EY on June 30 2013. He had previously led the firm’s global tax business. He rejoined EY in May 2002 as Americas deputy vice chairman of tax services, having served as assistant secretary of the Treasury for tax policy under President George W Bush. Before this, he was the director of EY's national tax department.

Weinberger's other public service included being chief of staff and counsel to President Clinton's Bipartisan Commission on Entitlement and Tax Reform in 1994, chief tax and budget counsel to Senator John Danforth and an adviser to the National Commission on Economic Growth and Tax Reform (the Kemp Commission) in 1995.

“The Business Roundtable continues to call on Congress and the Administration to modernise the US tax code by adopting a competitive corporate tax rate and transitioning to a modern international tax system similar to those of other developed countries,” said Stephenson. “Business Roundtable also strongly supports seamless extension of expired tax provisions that encourage research, investment, business expansion and job creation.”

more across site & bottom lb ros

More from across our site

Local experts suggest complexity within Italy’s tax system could explain why advisers lag behind their counterparts in other jurisdictions
The tie-up will add around four US and French-based tax partners to Herbert Smith Freehills’s international 17-partner practice
The government’s move is potentially the most seismic shift to VAT since it was first introduced, one expert argues
There has been a decrease in investigations known as Code of Practice 8 and 9 cases, it has been reported
The Caribbean country became the 149th member of the international treaty, which aims to combat illicit financial flows
Clients of audit services should also be disallowed access to firms’ other services, it was claimed; in other news, Ireland approves amount B
The ruling follows the Federal Court of Australia’s full court deciding in favour of the soft drink company in June
Sweeping changes are headed for Germany’s TP system in the New Year. Tax teams will need to be well-prepared, say Andreas Katz and Anna Kupprion of Kreston Bansbach
Local experts say the Tax Cuts and Jobs Act is due a revival after Donald Trump won the US presidential election
Slovakia increases VAT rate, Chile goes big on VAT reform and more
Gift this article