Practices
Education
- J.D.Harvard Law Schoolcum laude2003
- A.B.Princeton Universitysumma cum laude1998
Layla J. Asali practices in a broad range of federal income tax matters, with an emphasis on the taxation of cross-border transactions and business activities. She advises U.S.-based and foreign-based multinational clients on international tax issues, including mergers and acquisitions, intellectual property transactions, supply chain planning, and financings.
In addition to her consulting practice, Layla has experience representing clients before the Internal Revenue Service (IRS) National Office in obtaining favorable private letter rulings and resolving federal income tax controversies at the audit level and at IRS Appeals. She has also represented clients before the U.S. Department of the Treasury on regulatory and policy matters.
Layla is a frequently sought speaker on international tax matters and is an emerging authority on the international tax provisions of the Tax Cuts and Jobs Act. She has published articles in journals, including BNA Tax Management International Journal, BNA Tax Management Memorandum, the CCH International Tax Journal, and Tax Notes International. Layla is the former Chair of the DC Bar Taxation Community and she currently serves as a Member of the Taxation Community's Steering Committee. She has twice been named one of International Tax Review's Women in Tax (2016 – 2017).
- Advised a U.S.-based natural resources company on the U.S. tax consequences of restructuring its international operations.
- Represented a foreign-based insurance company as special tax counsel in connection with an $800 million acquisition of a U.S. business.
- Counseled a foreign-based multinational on U.S. international tax and transfer pricing issues in connection with a restructuring of foreign operations held by its U.S. group.
- Advised a U.S.-based retail company on U.S. tax aspects of financing Canadian operations and managing its cross-border supply chain.
- International Tax Review: Women in Tax Leaders, 2016 - 2017
- Legal 500: Tax: International Tax, 2014 - 2019
- Legal 500: Tax: Non-Contentious, 2016, 2018 - 2019
- Legal 500: Tax: Contentious, 2019
- Washington, DC Super Lawyers®: Super Lawyer, Tax, 2018 - 2019
- Washington, DC Super Lawyers®: Rising Star, Tax, 2014 - 2017
- The National Law Journal, DC Rising Star, 2014
- Former Chair, Taxation Community, District of Columbia Bar (2016 – 2017)
- Member, Steering Committee, Taxation Community, District of Columbia Bar
- Member, Section of Taxation, American Bar Association
- Member, International Fiscal Association
Bar Admissions
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District of Columbia
Layla Asali commented on recent regulations released by the U.S.
Layla Asali was quoted on Internal Revenue Service (IRS) preparations to finalize several regulations implementing the international provisions of the Tax Cuts and Jobs Act of 2017 (TCJA), includin
Layla Asali, Erin Sweeney, and Jim Gadwood will speak at the American Bar Association Tax Section May Meeting on May 10 and 11, 2019, in Washington, DC.
Washington, DC
Layla Asali and Rocco Femia will speak at the Houston Tax Executives Institute (TEI) Tax School on May 9, 2019, in Houston, TX.
Houston, TX
Layla Asali, Rocco Femia, Kevin Kenworthy, and Loren Ponds will present at the American Petroleum Institute (API) Federal Tax Forum on April 29-30, 2019, in Houston, Texas.
Houston, TX
On June 14, 2019, the Department of Treasury (Treasury) and the Internal Revenue Service (IRS) simultaneously issued proposed regulations (GILTI Proposed Regulations)1 and final regulati
On March 4, 2019, Treasury and the IRS issued proposed regulations (Proposed Regulations) under section 250.1 The 2017 Tax Cuts and Jobs Act added section 250, which provides a deduction
On December 13, 2018, the Department of Treasury (Treasury) and the Internal Revenue Service (IRS) issued proposed regulations (Proposed Regulations) under section 59A, the base erosion and anti-ab
On November 26, 2018, the Department of Treasury (Treasury) and the Internal Revenue Service (IRS) issued proposed regulations (Proposed Regulations) under section 163(j).1 The 2017 Tax
02.21.2018
In this article, Layla Asali, Andrew Howlett, Katherine Zhang,* and David Zimmerman discuss Revenue Procedure 2017-52, which describes the Internal Revenue Service's (IRS's) pilot program that expa