William M. Paul

Partner

wpaul@cov.com
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Covington & Burling LLP
1201 Pennsylvania Avenue, NW
Washington, DC 20004-2401
Tel: 202.662.5300


 

Practices

Education

  • University of Michigan Law School, J.D., 1977
    • magna cum laude
    • Michigan Law Review, Note Editor
    • Order of the Coif
  • Johns Hopkins University, B.A., 1973

Judicial Clerkship

  • Hon. Thomas Gibbs Gee, U.S. Court of Appeals, Fifth Circuit, 1977-1978


William Paul is a member of the Tax Group and is resident in the firm's Washington, DC office.  His practice focuses on federal income tax matters, including specialties in the taxation of financial products, financial transactions, and investment funds.  He regularly advises issuers and investors on the tax treatment of innovative financial products.  He also regularly represents taxpayers and industry groups before the Treasury Department, the Internal Revenue Service, and Congress.

Representative Matters

  • Representation of coalition of US options and stock exchanges on legislative and regulatory issues affecting the tax treatment of options.
  • Outside tax counsel to the Investment Company Institute, the national trade association of the mutual fund industry.
  • Advisor to various mutual funds and other investment vehicles on tax issues, including the tax treatment of complex securities.

Previous Experience

  • United States Treasury Department, Office of Tax Policy, Deputy Tax Legislative Counsel (1988-1989)

Honors and Rankings

  • Named "The Leading Lawyer in Tax" in Washington, DC by Legal Times (2005)
  • Listed in Best Lawyers in America for more than 10 years
  • Listed in Chambers USA's Guide to America's Leading Business Lawyers (2006-2008)
  • Listed in Who's Who in America
  • Listed in Who's Who in American Law

Memberships and Affiliations

  • American Bar Association's Section of Taxation
    • Vice Chair (Government Relations) (2005-2007)
    • Chair, Tax Shelter Task Force (2002-2005)
    • Council Member (1999-2002)
  • D.C. Bar Tax Section
    • Chair, Financial Products Committee (2003-2005)
  • American College of Tax Counsel
    • Fellow
  • American Law Institute
    • Member 

Publications and Speeches

  • "Exchange-Traded Notes," Taxation of Financial Products & Transactions (PLI) (2008), Author
  • "Common Financial Products Tax Traps," Practicing Law Insitute (6/30/2008)
  • "Arrowsmith, the Tax Benefit Rule and Other Character Issues Relating to Debt Instruments," Financial Products Committee, D.C. Bar Tax Section (6/11/2008)
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