Sections & Committees

Tax Section

The GDPR and How it Might Affect the Practice of Law in New York: An Overview


Sponsored by the Committee on Continuing Legal Education, the Committee on Technology and the Legal Professionand the Commercial and Federal Litigation Section of the New York State Bar Association.
Dentons logo (image)


Tuesday, March 13, 2018
2:00 p.m. - 4:00 p.m.
Live CLE Program & Webcast

Dentons
1221 6th Avenue
New York, NY 10020

2.0 MCLE Credits: 2.0 Professional Practice

NYSBA Member: $50 | Non-Member: $150
Section Member: $25

Register Here


Learn More About The GDPR and How it Might Affect the Practice of Law in New York: An Overview

Agenda Topics

  • What is the General Data Protection Regulation (“GDPR”)?
  • How the GDPR May Affect New York Attorneys
  • What New York Attorneys Should Do To Prepare for the GDPR
  • Privacy Issues and the GDPR
  • Implications of the GDPR on Employment Law and Human Resources

Program Chair
Ronald J. Hedges, Esq. | Dentons LLP | New York, N.Y.

Program Faculty 
Stacey Blaustein, Esq. | IBM | Armonk, N.Y.
Todd D. Daubert, Esq. | Dentons LLP | Washington, D.C.
Gail L. Gottehrer, Esq. | Akerman LLP | New York, N.Y.
David C. Shonka, Esq. | Federal Trade Commission | Washington, D.C.

Learn more about the other law and technology CLE programs scheduled for March 13 and 14 here.


Newly Admitted Attorneys: To receive skills credit, newly admitted attorneys must take accredited transitional CLE courses in traditional live classroom settings that have been approved by the CLE Board for use by newly admitted attorneys.  For more information about the CLE Rules, please go to www.nycourts.gov/Attorneys/CLE.

Out of State Accreditation: This program has also been approved for MCLE credit by the State Bar of California, the Pennsylvania Continuing Legal Education Board and the Board of Continuing Legal Education of the State of New Jersey.  If you require MCLE credit in other states, we can provide you a Uniform MCLE Form.

Partial Credit for Program Segments Not Allowed: Under the New York State Continuing Legal Education Board Regulations and Guidelines, attendees at CLE programs cannot get MCLE credit for a program segment (typically, a lecture or panel, of which there are usually several in a program) unless they are present for the entire segment. Those who arrive late, depart early, or are absent for any portion of the segment WILL NOT receive credit for that program segment.


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To view the full list of Continuing Legal Education Programs, click here.

If you have any questions about this program, please contact CLE Staff Attorney, Tom Richards, Esq., or the CLE Program Coordinator, Bridget Donlon.
If you are interested in the Tax Section, please contact Tiffany Bardwell.

Additional Information: IMPORTANT NOTICE--PARTIAL CREDIT FOR PROGRAM SEGMENTS NOT ALLOWED: Under the New York State Continuing Legal Education Board Regulations and Guidelines, attendees at CLE programs cannot get MCLE credit for a program segment (typically, a lecture or panel, of which there are usually several in a program) unless they are present for the entire segment. Those who arrive late, depart early, or are absent for any portion of the segment WILL NOT receive credit for that program segment.

JOIN US FOR OUR SUMMER MEETING!
THE PRESS HOTEL
119 EXCHANGE STREET
PORTLAND, MAINE

BOOK YOUR ROOM NOW!

HOTEL RESERVATION DEADLINE:  MAY 22

ADDITIONAL LODGING AVAILABLE AT HAMPTON INN PORTLAND

(2 NIGHT MINIMUM STAY)


REGISTer ONLINE NOW!
OR 
DOWNLOAD MEETING REGISTRATION FORM

DOWNLOAD FULL MEETING BROCHURE


TAX SECTION SUMMER MEETING AGENDA:

FRIDAY, JUNE 22

4:00 – 6:30 pm         
Registration – Press Hotel Art Gallery

6:00 – 7:00 pm
Welcome Reception
 – Composing Room

7:00 pm                    
Dinner on your own in one of Portland’s Fantastic Restaurants


SATURDAY, JUNE 23


8:00 – 9:30 am            
Continental Breakfast
 – Editorial Room/Art Gallery
            
8:00 am – Noon          
Registration
 – Composing Room Foyer

9:00 am – 12:00 noon   
General Session
 – Composing Room 

9:00 – 9:10 am         
Tax Section Welcome
Karen Gilbreath Sowell, Esq., Tax Section Chair
Ernst & Young LLP
Washington, DC 

9:10 am – 10:30 am
Are You Feeling GILTI, or Just BEAT?  Some [Unintended?] Intersections of the New International Tax Rules  
Join us to discuss the frustrating fracas of international tax reform, where new acronyms are layered on top of vintage rules.  The panel will cover puzzling issues involving foreign tax credits, previously-taxed income, basis, expense allocation and more.  We will also consider how this fabulous new world applies to consolidated groups and partnerships.   

Panel Chair
Kimberly S. Blanchard, Esq.
Weil, Gotshal & Manges LLP
New York City 

Panelists
William L. McRae, Esq.
Cleary Gottlieb Steen & Hamilton LLP
New York City 

Jose E. Murillo, Esq.
Ernst & Young LLP
Washington, DC

Marjorie A. Rollinson, Esq.
Associate Chief Counsel (International)
Internal Revenue Service
Washington, DC

Stephen E. Shay, Esq.
Harvard University
Boston, MA

10:30 –10:45 am     
Coffee Break

10:45 am – 12 noon
A Token Gesture: Tax Considerations for Cryptocurrencies and Utility Tokens
This panel will focus on the tax consequences to both issuers and purchasers of cryptocurrencies and utility tokens.  We will discuss the new meaning of forks (they are not just for eating) and SAFEs (they are not just for protecting your will).    

Panel Chair
John T. Lutz, Esq.

McDermott Will & Emery LLP
New York City 

Panelists
Edward E. Gonzalez, Esq.

Skadden, Arps, Slate, Meagher & Flom LLP
New York City 

Karl T. Walli, Esq.
Senior Counsel
Office of Tax Policy
U.S. Department of Treasury
Washington, D.C. 

Lisa M. Zarlenga, Esq.
Steptoe & Johnson
Washington, D.C. 

12 noon – 1:30 pm  
State & Local Tax Committee Lunch and CLE (Registered Attorneys Only): 

Optional Session.  Preregistration is required.

CLE Program Runs 12:15 to 1:30 pm
2018-2019 New York State Budget Bill: What’s In, What’s Out, and What it All Means

This panel will discuss certain provisions of the 2018-2019 New York State enacted budget, as well as the proposals that were not enacted.  We will explore how these developments may impact the landscape of state and local taxation in New York State and City, including how the enacted budget provisions may result in lack of clarity, areas of controversy, planning opportunities, traps for the unwary, new administrative guidance, and future legislative action. 

Panel Chair
Jack Trachtenberg, Esq.
Deloitte LLP
New York City 

Panelists
Megan L. Brackney, Esq. 
Kostelanetz & Fink, LLP
New York City 

Paul R. Comeau, Esq.
Hodgson Russ LLP
Buffalo 

Leah S. Robinson, Esq.
Mayer Brown LLP
New York City 

2:00 pm
OPTIONAL GROUP WALKING TOURS 
OR TIME TO EXPLORE THE CIT ON YOUR OWN

6:30 – 10:00 pm       
OFFSITE RECEPTION & DINNER:  Brick South, 8 Thompson’s Point, Portland
 
Transportation Provided to and From Hotel.

SUNDAY, JUNE 24

7:30 – 9:30 am         
Continental Breakfast  – Art Gallery

8:00 – 9:00 am         
Executive Committee Breakfast Meeting
 – Editorial Room
Open to Executive Committee Members Only

8:00 am – Noon      
Registration – Composing Room Foyer

9:15 am – 12:00 noon  
General Session  –  Composing Room 

9:15 – 10:30 am
Relearning Corporate Transactions

This year's “usual corporate panel” is not about reorganizations or spin-offs, but will discuss how corporate transactions will adapt to a new menu of good and bad ideas.

Panel Chair
William D. Alexander, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
Washington, DC 

Panelists
Tijana J. Dvornic, Esq.
|
Wachtell, Lipton, Rosen & Katz LLP
New York City 

Kathleen L. Ferrell, Esq.
Davis, Polk & Wardwell LLP
New York City 

John J. Merrick, Esq.
Special Level Counsel to the Associate Chief Counsel
(International)
Internal Revenue Service
Washington, D.C. 

10:30 – 10:45 am     
Coffee Break 

10:45 am – 12 noon
Aggregate vs. Entity Theory after TCJA

This panel will discuss the manner in which various provisions of the TCJA address partnerships using an entity approach, an aggregate approach or a hybrid of both approaches.   

Panel Chair
Michael B. Shulman, Esq.

Shearman & Sterling LLP
New York City   

Panelists
Andrew W. Needham, Esq.    
Cravath, Swaine & Moore LLP  
New York City                                                                                               

Amanda H. Nussbaum, Esq.
Proskauer Rose LLP
New York City                         

Krishna P. Vallabhaneni, Esq.
Deputy Tax Legislative Counsel
U.S. Treasury Department
Washington, DC

Questions on this Program?  Contact Catheryn Teeter, 518-487-5573 or cteeter@nysba.org

Welcome!

The Tax Section of the New York State Bar Association is pleased to welcome Section members and visitors. Among the resources available at this site is a comprehensive listing of links relevant to the Section, and the Section's Tax Reports. View the 2013 Annual Report of the Section dated January 28, 2014 here

Karen Gilbreath Sowell is the 2018 Chair of the (2,063) member Tax Section.  Karen is a Principal at Ernst & Young LLP and is co-leader of the firm’s National Tax M&A practice.  She was the Deputy Assistant Secretary for Tax Policy at the U.S. Department of Treasury from 2007 – 2009 and an Associate Legislative Counsel and Attorney Advisor from 1997-2001.

We encourage you to get more involved with the section founded in 1949. The Executive Committee of the Tax Section is comprised of 4 Officers, at least 40 Co-Chairs of more than 20 separate tax committees, 9 At-Large Members, and 25 former Section Chairs. The Executive Committee oversees the activities of the tax committees. Any member of the Tax Section is eligible to join the tax committees. Please contact Tiffany Bardwell if you are interested or complete and mail in the Tax Section Membership and Committee Application Brochure.

The Tax Section engages in many activities, including testifying before Congress, holding semi-annual meetings and sponsoring Ad hoc conferences. Our primary function, however, is to comment on proposed legislation and proposed regulatory guidance at the federal, state and local levels. We usually do this in the form of written reports.

Although the Tax Section first began to prepare these reports shortly after its formation, it did not begin to number them until 1972. Since then, we have submitted over 1280 reports. To obtain a report pre-2000 please contact Tiffany Bardwell. Reports issued in 2000 to date are available on this website.

Most of our reports comment on proposed guidance or legislation related to corporate and partnership tax, international tax, the taxation of financial instruments, debt and equity securities, employee benefits, IRS regulation of tax lawyers, and state and local tax matters.

To maintain our high standards in the years ahead, we need you to become more involved in the Tax Section, to go beyond reading a few of our reports or attending a few of our conferences. Take the next step by joining one of our tax committees and seize the opportunity to participate in one of these working groups.

The Tax Section hosts events to provide tax lawyers who tend to be underrepresented at the senior levels of our profession the opportunity to meet with members of the Tax Section in a relaxed atmosphere to discuss career opportunities, what life as a tax partner at a law firm is really like or just to mingle. These events "Women in the Law" and "Under 10", for attorneys who graduated from law school less than 10 years ago, also include panel presentations not only on interesting tax issues, but on topics like alternative career paths for tax lawyers or how to attain greater stature within the tax bar and best practices with clients. The section won the Section Diversity Leader Award in the 2012 NYSBA Diversity Challenge and was a  Section Diversity Champion in 2013 for these efforts. Photos of the Diversity Award and the EC Committee at work are here

Mission Statement


Section Bylaws

Tax Section Reports

Executive Committee Roster


Master Index of NYSBA Tax Section Reports

Already a member of the NYSBA Tax Section? Join a Committee!

Bankruptcy and Losses
Compliance, Practice and Procedure
Consolidated Returns
Corporations
Cross Border Capital Markets
Diversity

Employee Benefits
Estates and Trusts
Financial Instruments
"Inbound" U.S. Activities of Foreign Taxpayers
Individuals
Investment Funds
New York City Taxes
New York State Taxes

"Outbound" Foreign Activities of U.S. Taxpayers
Partnerships
Pass-Through Entities
Real Property
Reorganizations 
Securitizations and Structured Finance
Tax Exempt Entities

Other Committees:
Contact Tiffany Bardwell at tbardwell@nysba.org or 518.487.5675 for more information if you are interested in joining the following Committees:

Cross-Border M & A
Complexity and Administrability

Spin Offs
Treaties and Intergovernmental Agreements

TAX Section Under Ten Club

The section sponsors a “tax club” for members of the Tax Section with less than ten years of legal experience. We call it “Under 10.” The purpose of Under 10 is to bring together lawyers from various law firms, allow them to get to know each other better and offer an environment for learning more about current tax issues. In addition, we hope that attendees will become involved in the Tax Section and in reports prepared by the Section. We anticipate that Under 10 will meet quarterly on specific topics. If you are interested in joining the Under 10 club please contact Tiffany Bardwell at tbardwell@nysba.org or 518.487.5675.

 The Section has formalized its “Under 10” tax club for members of the Tax Section who graduated from law school less than 10 years ago. With organizational and financial support of the Tax Section, the club operates independently from the Tax Section through its own officers and meets four times per year.  The goal of the club is to serve as a source of professional development and networking for mid-level and senior associates.

See Under 10 bylaws here.