Stanley Smilack

Stan Smilack counsels foreign and domestic businesses in connection with international tax matters including, cross-border transactions, tax legislative and regulatory developments, and tax compliance and controversy issues. He has extensive knowledge of the nuances of the US tax code and the international tax rules that apply to cross-border acquisitions, dispositions, and restructuring and financing transactions, and is well versed in helping clients structure and execute transactions in different countries.

Stan has more than four decades of experience advising business entities across many industries. He regularly counsels institutions regarding the tax consequences of their US and foreign activities and has structured and documented numerous investment funds that invest abroad. He frequently advises multinational companies on the application of US anti-boycott rules as well as with respect to the rules relating to the international operation of ships and aircraft.

In addition, Stan advises clients in connection with the availability of credits for establishing and operating facilities for solar energy, wind, open-loop biomass, gasification, carbon sequestration, and ocean thermal projects. He advises clients extensively on excise tax issues relating to fuels, petroleum products, communications, transportation and insurance. He has also handled competent authority proceedings and transfer pricing matters.

Representative Matters:

• Designed compliance and training programs for multinationals and provided advice to US-parented and foreign-parented groups involved in trading, petroleum, chemical manufacturing and defense contracting regarding US anti-boycott regimes.
• Structured international investments for a high-net worth family to minimize potential taxation of appreciation.
• Participated in the Department of Justice Swiss Bank Program and in disclosures to the IRS and non-US revenue authorities by individuals residing outside the United States.
• Obtained closing agreements for the award of over $200 million in credits for gasification facilities.
• Advised on an internal reorganization to facilitate investment by multiple unrelated investors in technology having multiple uses.

Education:

• J.D., University of Michigan Law School, 1973, cum laude
• S.B., Massachusetts Institute of Technology, 1970, Economics