Ray has been a Connecticut tax attorney since graduating from law school at the University of Connecticut in 1968. He became a member of the Connecticut Bar Association in 1968. Ray’s professional concentration has been in the tax law area since graduation from law school.
Ray supplemented his legal education by obtaining an LLM – TAX advanced legal degree in taxation front the prestigious graduate tax program at New York University Law School. To enhance his proficiency and depth of understanding of tax law, Ray also became a CPA in 1972.
Tax law has been Ray’s primary professional focus throughout his career. His experience ranges from basic tax law interpretation to influencing tax legislative matters in order to enhance his client’s success. Old Saybrook tax lawyer Ray Muratori has extensive experience in the world of corporate law, where he was exposed to a full range of tax issues. He served as head tax counsel at Connecticut Mutual Life, Phoenix Home Life and Mass Mutual where he supervised a staff of 4-5 tax lawyers.
Ray had complete responsibility for all company and advanced underwriting product tax matters. An award was granted to Ray by Phoenix Home Life for his highly successful resolution of that company’s multi-million dollar Federal Tax Claims for a five-year period.
A major focus of Ray’s corporate legal function expanded to tax planning, both foreign and domestic. In an increasingly competitive business world, Ray’s clients sought tax relief and equality under the applicable provisions of the tax law. Ray was a major contributor in researching the tax law in order to issue opinions and interpretations that provided tax beneficial results for his clients.
The tax law, as well as other law areas, is naturally subject to interpretation and Ray always provided his clients consultations regarding the benefit of what the laws were intended to accomplish. As part of the comprehensive services offered by Ray, he established a tax-exempt foundation to provide his company with a tax effective method to carry out its charitable support obligations.
In addition to his focus on corporate tax provisions, Ray was also instrumental in all the tax areas pertaining to insurance products, such as life insurance, annuities, welfare benefit plans and employee benefit plans. He experienced the assault on those products by government to limit their tax effectiveness.
Ray, along with other tax professionals and insurance company management, took issue with the repeated governmental attempts to reduce or eliminate the long-standing tax and financial benefits associated with insurance products, welfare benefit plans and employee benefit plans.
Ray and others were largely successful in their defense of the benefits of insurance products, welfare benefit plans and employee benefit plans by emphasizing the legislative intent involved when the laws were originally enacted.
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