Chemical - Tax


Chemical and pharmaceutical organizations worldwide face the challenge of constantly changing regulatory, economic, and legal environments, all of which are impacted by the complexity of federal, state, local, and international tax laws.

Blank Rome attorneys possess a unique combination of governmental, financial, legal, and industry-specific experience that enables us to provide proactive tax advice that delivers value to our clients. We fulfill this goal by applying a few simple principles: 

  • We understand our clients’ business goals and objectives—tax and non-tax.
  • We communicate frequently and openly with clients.
  • We use a common sense approach—whether in crafting a solution to a complex tax issue, presenting an argument to a tribunal, or agreeing to a fee arrangement.
  • And finally, we are pragmatic—our goal is to deliver significant value to our clients in a cost-effective manner.

Our tax attorneys have delivered value to Blank Rome’s chemical industry clients by:

  • Providing strategic tax advice, such as:
  • Evaluating and quantifying our client’s current tax footprint or the impact of potential investments or acquisitions
  • Preparing tax due-diligence reports
  • Negotiating tax incentives with local taxing authorities
  • Developing and implementing strategic planning for tax-efficient structures and exit alternatives
  • Generally supporting the tax aspects of mergers, acquisitions, and divestitures
  • Preparing legal opinions, often in connection with FIN 48 compliance
  • Requesting letter rulings from the U.S. Internal Revenue Service and other governmental authorities
  • Representing our clients in federal, state, and local civil and criminal tax controversies, including audits, administrative appeals, and litigation

Our tax attorneys also provide counsel on international tax matters of particular importance in the constantly evolving chemical industry, including structuring inbound and outbound investments, branch profits tax, transfer pricing, interest-stripping, tax withholding, and tax treaties. They also advise on the establishment of foreign entities, including hybrid entities, controlled foreign corporations, passive foreign investment companies, maximization of foreign tax credits on worldwide income, and tax residency issues.