Jorge Castro Comments on the Appointment of Kimberly Clausing at the Treasury Department in Bloomberg Law
"International Tax, Trade Scholar Tapped for Treasury Role"
Jorge Castro, Member of Miller & Chevalier and a former Congressional tax aide and Counselor to the IRS Commissioner during the Obama administration, discussed the potential impact of the recent appointment of Kimberly Clausing, a former law professor and tax adviser to President Biden's campaign, to lead the U.S. Department of the Treasury's Office of Tax Analysis as deputy assistant secretary. Clausing could play a major role in digital tax negotiations at the OECD and revisiting tax provisions from the 2017 Tax Cuts and Jobs Act. Her appointment isn't too surprising given the Biden campaign's interest in certain international tax policy changes, Castro said. "I suspect that when the [Treasury] Greenbook comes out, we're going to see an emphasis in this area, and clearly Professor Clausing is going to have her fingerprints all over it," Castro noted, referring to a list of tax proposals traditionally released by administrations each year.