Patrick Browne is a Senior Vice President in the Transactional Risk Practice at Marsh, where he focuses on creating tax insurance solutions for clients on a wide range of U.S. federal, state, local, and foreign income tax matters; his areas of focus include tax insurance solutions in connection with (i) M&A transactions, (ii) restructurings, (iii) mitigation of balance sheet tax exposures, and (iv) the financing and structuring of renewable energy and low carbon projects
Prior to joining Marsh, Patrick was a tax practitioner for over 20 years where he represented multinational corporations and private equity clients in a variety of industries on a wide range of U.S. federal income tax matters, including mergers, acquisitions, dispositions, and restructurings. He also advised buyers and sellers on (i) tax due diligence matters, (ii) stock purchase and asset acquisition agreements, and (iii) acquisition and disposition structures that optimized the structure from a global tax perspective. Patrick began his tax career at White & Case and then was with the Washington National Tax office of Deloitte; he then spent more than a decade at Jones Day before joining the M&A tax group at KPMG. Patrick is also an adjunct professor at Georgetown University Law Center, where he teaches a course in corporate income tax. He is the co-author of a Bloomberg BNA Tax Management Portfolio Series treatise on U.S. income tax treaties, and a co-author of the Matthew Bender LexisNexis treatise on transfer pricing, Practical Guide to U.S. Transfer Pricing (fourth edition).
The passage of the Inflation Reduction Act brings an array of opportunities to the solar energy sector. However, for Risk Managers, the Act also ushers in challenges: new strings attached to tax credits, new competition for the inflow of capital, and a new, likely faster pace for deals. This session will focus on the continued maturation of the renewable energy industry and how the Act may both accelerate and undermine the journey. Panelists will discuss the overall risks to the energy sector and complexities of the Act from a risk management perspective.