Michael Mundaca has extensive experience in taxation law that includes a stint as the top tax policy official at the U.S. Treasury Department. As co-director of the EY’s Americas Tax Center, Michael Mundaca maintains a strong focus on Latin American tax developments.
Argentina enacted comprehensive tax reform (Law No. 27,430 (the Law)) on 29 December 2017, through publication in the Official Gazette. The Law is generally effective 1 January 2018. The far-reaching Law introduces amendments to corporate income tax, personal income tax, value added tax (VAT), tax procedural law, criminal tax law, social security contributions, excise tax, tax on fuels, and tax on the transfer of real estate. It also establishes a special regime comprising an optional revaluation of assets for income tax purposes. Companies doing business in Argentina, as well as others with interests in and income from Argentina must consider the consequences of the changes and evaluate the effect on their current Argentine investments.
Americas Tax Center
Having served in three U.S. administrations as a Treasury Department official, Michael Mundaca received the agency’s Alexander Hamilton Award upon completing his most recent tenure, as assistant treasury secretary for tax policy. Since 2011, Michael Mundaca has been a principal at Ernst & Young, (EY) LLP, serving as co-director of both the EY National Tax Department and the EY Americas Tax Center. The EY Americas Tax Center (ATC) is a platform that links the tax practices in EY’s 33 member firms across the Americas, providing cross-border technical capability and an enhanced level of service to clients with operations throughout the Americas and the world.
The ATC serves the ever-changing needs of businesses facing tax planning and administrative challenges. One of the group’s primary focuses is tax policy, enabling it to help clients remain abreast of upcoming tax trends and planned changes to current tax law. The ATC can also help its clients implement more effective risk management strategies. Other ATC services include tax controversy, global compliance and reporting, tax effective supply chain management, and customs and value added tax consulting.
University of California at Berkeley
Before becoming a tax professional and working as assistant treasury secretary for the United States Treasury Department, Michael Mundaca attended the University of Chicago where he earned a master of arts in philosophy. Michael Mundaca also attended the University of California at Berkeley’s law school where he earned his juris doctor. While Michael was at Berkeley, he was selected to the Order of the Coif, an honorary scholastic society the purpose of which is to encourage excellence in legal education, and served as Senior Executive Editor of the California Law Review.
Founded in 1912 as the School of Jurisprudence, Berkeley Law offers a wide variety of programs for students who are interested in studying the law. For those who desire to pursue a career in the legal profession, Berkeley Law features a JD program that helps to prepare students to pass the bar exam.
One of the premier law schools in the country, the JD program at Berkeley Law accepts about one applicant for every ten that apply. The program’s curriculum for first year students includes subjects, such as torts, property laws, contracts, and civil procedures.
Alexander Hamilton Award
Michael Mundaca is co-director of the Americas Tax Center and the National Tax Department at the global professional services firm EY. Just prior to taking on those roles, Michael Mundaca served in the United States Treasury Department’s Office of Tax Policy, during both the Bush and Obama administrations (and he had previously served during the Clinton Administration). During the Obama administration, he served as the Assistant Treasury Secretary for Tax Policy, at the appointment of the President, advising Treasury Secretary Tim Geithner on all matters relating to tax policy and representing the United States in various international forums, including the Organisation for Economic Co-operation and Development. Upon leaving the Treasury Department in 2011, Michael Mundaca received the Alexander Hamilton Award.
The Treasury’s Alexander Hamilton Award is the highest honor bestowed by the department. Established in 1955, the award is conferred not by nomination or vote but rather is chosen personally by the secretary of the Treasury.