International business law (IBL) students had the opportunity to hear from Fred Feingold ’69, senior partner at Feingold & Alpert and international tax law expert, on a range of issues related to tax law at a recent international economic forum sponsored by the Dennis J. Block Center for International Business Law. Professors and students participated in a vibrant, humorous, and enjoyable discussion of tax policy, a subject which Feingold made come alive.
Feingold provided an overview of the potential tax consequences of sacrificing U.S. citizenship or residence, explaining the difficulties that people encounter when “expatriating.” He specifically talked about Tax Code Section 877A. In some cases, certain provisions of the law “pose an impediment on the free movement of persons, which may be unconstitutional,” said Feingold. You can avoid paying tax, but if you have to bankrupt yourself first, that isn’t really a viable option.” The tax code, he explained, makes it difficult for citizens to leave and may discourage others from becoming permanent residents. “Is this something we as a nation want to encourage?” asked Feingold. “I’m not so sure.”
The forum was the second time in recent months that Feingold had returned to the Law School to share his expertise with students. He recently spoke at the Dean’s Roundtable luncheon.
Feingold is a 1969 cum laude graduate of Brooklyn Law School, where he was an editor of the Brooklyn Law Review. He has over 35 years of experience in providing creative solutions to clients’ tax and business problems involving virtually every area of the U.S. tax law. Prior to the formation of Feingold & Alpert, Feingold spent over 23 years with Roberts & Holland, a New York based firm, concentrating his practice in international tax and fiscal matters, where he was a member of the Executive Committee and Chairman of the International Specialist Group. He has served as co-editor of the Journal of Taxation's International Department and is an emeritus member of the Advisory Board of the New York University Institute of Taxation. He has published extensively on various aspects of international tax matters and is a frequent lecturer.