FacultyFaculty/Author Profile
Jay Freedman

Jay Freedman

KPMG LLP

New York, NY, USA


Background

Jay Freedman is a Principal in KPMG’s Financial Services Tax Practice, focusing on Alternative Investment and Capital Markets clients.  For over 20 years, Jay has focused on a broad array of tax issues, with an emphasis on issues related to the Alternative Investment and Banking industries including financial products and derivatives, cross border structuring and transactions, partnership tax and corporate tax.

 

 Professional and industry experience

Jay has over 20 years of experience working in the financial services industry. He has significant experience in both tax consulting and tax compliance and regularly advises on structuring as well as portfolio strategies.

Jay offers a unique perspective having served in several senior level in-house positions for major international investment managers, securities dealers and investment banks and is able to offer both buy-side and sell-side perspectives.

Prior to joining KPMG, Jay spent 5 years as Senior Vice President and Tax Director of Chilton Investment Company. Before joining Chilton in 2008, Jay spent 8 years at Bear Stearns where he was a Senior Managing Director and Global Head of Tax Advisory and Tax Research and Planning. Jay’s earlier roles include serving as in-house tax counsel with Prudential Securities and its parent company Prudential Insurance Company, and as a Tax Associate in the Securities and Banking group of another Big 4 accounting firm.

 

Memberships and speaking engagements

Jay is a member of the Board of Directors of the Wall Street Tax Association, as well as a past-President and past Chairman of their Federal Tax Committee. Jay is also a member of the Managed Funds Association Tax Committee and has participated in a number of industry group efforts through SIFMA and ISDA. Jay is a frequent speaker on topics that include alternative investments, financial products and other tax issues related to the financial services industry and is a co-author of the KPMG Derivatives Tax Handbook.

Financial Research Associates: 6th Private Investment Funds Tax Master Class, The New Partnership Audit Regime, May 2016

Wall Street Tax Association: Hedge Fund Panel, Management Fee Waivers, Distressed Debt Issues, Evolving Asset Classes - Litigation Funding and Energy Trading, November 2015.

Managed Funds Association: Section 457A Planning Opportunities, September 2105.

Financial Research Associates: 6th Private Investment Funds Tax Master Class, Tax Analysis And Reporting For Lending And Debt Instruments, June 2015

Wall Street Tax Association: Hedge Fund Panel, Section 475(f) Elections and Interplay with Sections 1256 and 988, May, 2015.

Wall Street Tax Association: Financial Products Update – 305(c), 871(m) and Recent Developments in Direct Lending, February, 2015.

American Bar Association: Tax Section Annual Meeting, How BEPS Is Changing The International Tax Landscape, January, 2015.

Financial Research Associates: Private Investment Fund Accounting and Operations Forum, Private Equity Tax Outlook, July, 2014.

Financial Research Associates: Private Investment Funds Tax Master Class, Taxation of Financial Products, May, 2014.

Goldman Sachs: Prime Brokerage Webcast, FATCA – A Practical Guide to Preparing For Registration, March, 2014.

Foundation For Accounting Education (New York State Society of Certified Public Accountants): The State Of Swaps: The Final & Proposed Us Tax Regulations On Cross-Border Equity Swaps, January, 2014.

Hedge Fund Business Operations Association: Effective Hedge Fund Tax Practices, Taxation of Swaps, Commodities and Other Contracts, November, 2013.

New York State Society of Certified Public Accountants: Financial Products Section Meeting, Understanding Master Limited Partnerships, May, 2013.

American Bar Association: Tax Section Annual Meeting, Hedge Funds and Financial Instruments – Selected Issues, May, 2011.

Practicing Law Institute: Taxation of Financial Products and Transactions, Section 871(m): The Interregnum and Future, February,

Function and specialization

Jay is a Principal in the Financial Services Tax Practice with a primary focus on Alternative Investment and Capital Market clients.

Professional Associations

  • District of Columbia Bar
  • Florida Bar
  • American Bar Association
  • President (2011-2013) and Board Member (2013- present), Wall Street Tax Association
  • Member, Managed Funds Association Tax Committee

Education, licenses & certifications

  • LL.M. in Taxation - New York University School of Law
  • Masters of Science in Taxation - Florida International University
  • Juris Doctorate – University of Miami School of Law
  • B.S. degree - Tulane University (Freeman School of Business)  
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