Tax Talks

The Proskauer Tax Blog

Alan Parnes

Alan Parnes

Partner

Alan P. Parnes is a partner in the Tax Department and a leader of the transactional tax team in the New York office. He has been practicing law since 1977 and has been at Proskauer since 1980.

Alan’s tax practice is a broad-based commercial tax practice. In the international tax area, he has counseled U.S. clients establishing operations and conducting business overseas through wholly owned subsidiaries and joint ventures with both domestic and foreign partners, as well as clients exporting products to foreign markets and licensing intangible property to foreign licensees. In this aspect of his practice, Alan has focused on issues involving U.S. tax deferral, the minimization of foreign income, withholding and other taxes, intercompany pricing and the maximization of available foreign tax credits. He has also counseled foreign clients on the many tax issues involved in conducting business in the U.S. Alan also is a member of Proskauer's nationally recognized Lodging & Gaming Group and has consulted on tax matters in almost every aspect of the hospitality industry.

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Tax Reform’s Effect on the Sports Industry

On Friday, December 22, 2017, President Trump signed into law H.R. 1, the $1.5 trillion tax reform law known as the Tax Cuts and Jobs Act (the “Tax Reform Act”). This alert describes provisions of the Tax Reform Act that we expect will have the most significant impact and immediate effect on the sports industry. Unless otherwise noted, all proposals described below will be effective for taxable years beginning after December 31, 2017.… Continue Reading
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