PricewaterhouseCoopers has added a former top Treasury Department official as a partner in its international tax services group in Washington.
David Shapiro, who most recently served as senior counsel of domestic and international financial products in the Treasury's Office of Tax Policy, returned to PWC on Sept. 1. He had previously worked at the financial services giant from 2000 to 2007. Shapiro worked at Dewey Ballentine earlier in his career.
At the Treasury Department, Shapiro was responsible for tax issues related to domestic and cross-border financial products and transactions. He was also heavily involved in developing tax policy, guidance and legislation surrounding the government’s response to the financial crisis. "I got there just in time for the crisis," Shapiro joked.
Shapiro, 39, says he is excited to be returning to private practice, where he will be advising clients on tax issues stemming from the buying and selling of financial products. "People are using these products in many different ways and each way has different tax issues to confront. It's a very interesting field," Shapiro says.
Shapiro says he is proud of his time in the Treasury, and he says he is looking forward to seeing who President Barack Obama nominates to head the Office of Tax Policy.
"What the professionals did in the past couple of years in managing the crisis, though I'm sure it will be criticized, was unmatched," Shapiro says.