Bruce Patrick Email & Phone Number

New York, Ny

Responsible for all accounting and finance issues related to the finances of Reserve, Inc., including accounting records and financial audits and tax returns. Supervised financial records using Quickbooks financial software. Also utilized expert level skills in Excel to develop financial reports.

Responsible for all accounting and finance issues related to the micro-finance business of Grameen America, Inc., including accounting records and financial audits and tax returns. Supervise financial records using Quickbooks financial software. Also utilize expert level skills in Excel to develop financial reports.

International and federal tax advisor for multinational corporate clients. Current areas of practice include international, federal and state tax planning for multinational corporations, and mergers and acquisition advice involving cross-border and foreign reorganizations, acquisitions, and dispositions. Primary focus was PwC Alternative Investments Practice serving many private equity and hedge fund clients, such as The Children’s Fund and Och-Ziff. Also worked on projects for J.P. Morgan Chase, Lehman Brothers, Neuberger Berman, Levi Strauss, and Franklin Templeton. Practice also includes preparation and review of FAS 109 tax provisions for corporate clients, FIN 48 review, and review of federal and state corporate and partnership returns.

International tax specialist. Senior tax advisor for corporate and individual clients. Current areas of practice include international, federal and state tax planning for middle market corporations, and tax and estate planning for high net worth individuals. Practice also includes preparation and review of FAS 109 tax provisions for corporate clients, FIN 48 review, and review of federal and state corporate and partnership returns.

Capital markets and development and marketing of unique tax ideas. Senior Tax Manager in the International Capital Markets Group in the E&Y national office. Involved primarily in developing and marketing complex corporate finance transactions with cross-border tax advantages. These include “double dip” financing structures, REPO’s, preferred share structures, FASITS, and hybrid entity structures where clients obtain tax arbitrage benefits due to differing tax rules in multiple jurisdictions. Also involved in developing foreign tax credit optimization structures, reorganization structures for tax advantaged corporate acquisitions or dispositions, and structures specifically tailored for oil and gas clients, including complex partnership structures. Developed an innovative FASIT structure for a major petroleum products pipeline consortium, and a tax efficient foreign production payment structure involving the sale of crude oil for two of the largest oil companies in the world.

Senior Manager in the International Group of the Deloitte & Touche national office. Involved primarily in complex corporate restructurings for our Fortune 200 multinational clients, such as Merrill Lynch, DLJ, RJR Nabisco, KKR, and the Blackstone Group. Developed and marketed highly structured cross-border finance structures for multi-national audit and tax clients. Structured complex partnership structure for an investment by a major Japanese bank investing in domestic upstream oil and gas exploration.

In addition to general corporate tax questions, responsible for international and domestic tax planning for Exxon operations in Europe, South America, Africa, and the Far East. Tax advisor and negotiator for Exxon exploration operations worldwide. Tax counsel for Exxon marine transportation. Negotiated with senior ministers of the Indonesian government regarding the Production Sharing Contract terms for Exxon's $36 billion Natuna Island Gas Project, the largest planned gas project in the world. Also negotiated tax provisions of exploration contracts and joint venture agreements in Bolivia, Algeria, and Yemen and fiscal terms for the Chad/Cameroon Oil Pipeline Development Project.

Responsible for tax planning for the Far East Region, including dispositions and acquisitions, and for tax analysis and advice with respect to LDC Debt Restructurings. Analyzed the tax aspects of numerous financial derivative products. Developed plan to restructure capital markets activity of Tokyo Branch resulting in $13 million annual tax savings. Coordinated federal and tax reporting with FAS 109 tax provision for book accounting. Negotiated tax aspects of various LDC debt-for-equity exchanges and joint venture agreements involving over $250 million.

Advised management on both domestic and international tax matters related to corporate reorganization issues and business operations involving manufacturing and marketing companies in Europe and South America. Traveled extensively to Mexico and Brazil. Analyzed tax aspects of the 1985 $3 billion "mirror" subsidiary take-over and liquidation of Revlon, Inc. and implemented steps to minimize tax impacts. Negotiated tax terms for sale of nine businesses, including Norcliff Thayer, Armour/U.S.V., Coburn Optical, Barnes-Hinds, Technicon, and others, with combined selling price of $1.9 billion. Negotiated tax terms for acquisition of Max Factor, Germaine Monteil, and three other businesses with total purchase price over $500 million. Advised in significant restructurings of Revlon's businesses in the U.K. and Germany.

Held increasingly responsible positions in domestic and international divisions of Exxon, including supervision of both attorneys and compliance staff. Supervising Tax Counsel in division responsible for the administrative appeals and tax litigation. Led team of representatives from Prudhoe Bay partner companies in reorganizing the Prudhoe Bay tax partnership to avoid taxable sales treatment of a redetermination of interests, Negotiated international exploration contracts and joint venture tax partnership agreements with foreign governments and senior executives of other multinational oil companies.

L.L.M., Taxation

J.D., Law

Began studies September, 1969 to May, 1970. Studies interrupted by three years in U.S. Army. Finished studies from September, 1973 to May.

B.A., Political Science