Weinberger to drive Business Roundtable’s tax work
International Tax Review is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian 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

Experts from TP tech provider Aibidia also warned ITR that companies ignoring pillar two is a ‘huge issue’ and a ‘red flag’
Hanno Berger was originally handed an eight-year sentence over an estimated $11 billion tax fraud; while in other news, France calls for minimum tax on the super-rich
Amount B is meant to increase simplicity and reduce uncertainty, but US TP specialists claim it may lead to controversy
Tax Foundation economist Alan Cole also signalled that pillar two has a 'considerable chance' of failing
The Labour Party is working hard to convince business that it will bring stability to tax policy if it wins the next UK general election. But it will be impossible to avoid creating winners and losers
Burrowes had initially been parachuted into the role last summer to navigate the fallout from the firm’s tax leaks scandal
Barbara Voskamp is bullish on hiring local talent to boost DLA Piper’s Singapore practice, and argues that ‘big four’ accountants suffer from a stifled creativity
Chris Jordan also said that nations have a duty to scrutinise the partnership structures of major firms, while, in other news, a number of tax teams expanded their benches
KPMG has exclusive access to the tool for three years in the UK, giving it an edge over ‘big four’ rivals
But the US tax agency’s advice is consistent with OECD guidance and shouldn’t surprise anyone, other experts tell ITR
Gift this article