Mike McDonald Rejoins EY From US Department of Treasury

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Sep 20, 2017, 10:03 ET

NEW YORK, Sept. 20, 2017 /PRNewswire/ -- Ernst & Young LLP (EY) announced today the return of Michael (Mike) McDonald in the National Tax Department - International Tax Services, Transfer Pricing. McDonald rejoins EY from the US Department of Treasury, Office of Tax Analysis, where he was a financial economist in the Business and International Tax Division since 2001. In his new role, McDonald will advise clients on base erosion and profit shifting- (BEPS-) related matters and other transfer pricing issues, such as cost sharing, country-by-country reporting and controversy resolution.

"From serving as one of the lead US delegates on the BEPS project, Mike has extensive knowledge of the complex transfer pricing issues that our clients are facing today," said Jeff Michalak, Partner, Ernst & Young LLP and the EY Americas Director of International Tax Services. "We're thrilled to welcome such a talented professional back to our team, bringing a fresh perspective that will help our clients keep up with change in the global transfer pricing landscape."

McDonald's responsibilities at the US Department of Treasury were primarily in transfer pricing, transfer pricing-related treaty issues, economic analyses and revenue estimation of international tax issues. He represented the United States at the Organization for Economic Co-operation and Development's (OECD) Committee on Fiscal Affairs, and chaired Working Party 6 (Taxation of Multinational Enterprises) for the BEPS work on transfer pricing (Action Items 8-10).

McDonald was also a member of the United Nations subcommittee that drafted the United Nations Practical Manual on Transfer Pricing for Developing Countries, and was a delegate to the OECD's Tax and Development Task Force. He has participated in a number of bilateral income tax treaty negotiations.

Prior to joining the Treasury Department, McDonald was a transfer pricing economist in the National Tax Department at Ernst & Young LLP from 1996 through 2001. Before that, he was on the Revenue Estimating Division at Treasury's Office of Tax Analysis from 1988 to 1996.

McDonald received a Ph.D. in economics from Boston College, and a B.S. in Economics from St. Bonaventure University.

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This news release has been issued by Ernst & Young LLP, a member firm of EY serving clients in the US.

SOURCE EY