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Weinberger to drive Business Roundtable’s tax work

02 December 2014

ITR Correspondent

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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."

International Correspondents