© 2017 The Texas Lawbook.
By Brooks Igo
(July 18) – Polsinelli announced recently that it has boosted its tax practice in Houston with the addition of shareholder John Woodruff.
Woodruff was previously at McDermott Will & Emery. He says he was impressed with Polisnelli’s growth nationally over the last 15 years and in Texas more recently.
“I had a desire to diversify my practice regionally and industrially,” he said. “The decline in oil prices brought that desire to a head.”
Woodruff focuses his practice on international tax, transfer pricing and tax issues related to cross-border mergers, acquisitions and restructurings.
“His successful track record working on some of the most challenging and complex tax issues in the energy industry will undoubtedly contribute to Polsinelli’s continued, dynamic growth in the oil-centric city of Houston and across Texas,” Greg Novak, managing partner of Polsinelli’s Houston office, said in a statement.
“Additionally, John’s experience in transfer pricing issues and structuring offshore holding companies meets our growing demand in advising clients on the effective management of their critical intellectual property assets on a more global basis.”
Woodruff, who is the chair of the tax section of the Houston Bar Association, says the hottest topics for his clients are transfer pricing and the Foreign Account Tax Compliance Act (FATCA).
The tax expert says there is a flurry of activity around FATCA that he hasn’t seen since the law was first enacted in 2010.
“The number one question I get from clients is ‘Am I a foreign financial institution and what are my reporting requirements if I am,’” he said.
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