Professor J. Richard Harvey, Jr., Distinguished Professor of Practice at Villanova University School of Law and its Graduate Tax Program, was quoted in the December 17 Wall Street Journal article, “With U.S. Asset Sale, Avon Joins a Small Club.” As one of the nation’s leading experts on the taxation of U.S. multinational corporations, Harvey is regularly called upon by leading media outlets for his expert commentary on the matter.
Harvey spoke with the Wall Street Journal about Avon Product’s decision to sell the bulk of its North American operations to Cerberus Capital Management LP, and the tax implications of being a U.S.-based publicly traded company with little or no American operations. “They’re not going to want to have a situation long-term where they’ve got a U.S. parent with no U.S. operations sitting on top of a foreign operation that appears to be very profitable,” he remarked. “You’re going to want to do something to get that U.S. parent out of the equation.”
A former senior IRS and Treasury official with over 35 years of multifaceted tax experience, Harvey has written and spoken extensively on the topic of international tax issues. He testified before the U.S. Senate Permanent Subcommittee on the offshore tax practices of Apple, Inc. in 2013.
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