NEW YORK (November 16, 2009) – Morrison & Foerster partner Paul Frankel has received the first annual COST/Paul Frankel Excellence in State Taxation Award bestowed by the Council on State Taxation (COST). The award recognizes outstanding and continuing contributions to the state tax profession. In recognition of Mr. Frankel’s dedication and distinguished career, the award was named in his honor.
“Paul is a true trailblazer, who established the bar and then raised it in the area of state and local tax disputes. We are delighted for Paul that COST has not only bestowed its first award for excellence upon him, but named it in his honor. It is richly deserved,” said Morrison & Foerster chair Keith Wetmore. “Paul has devoted himself to ensuring that his clients receive due process and the strongest representation possible when they face challenges from state and local tax authorities.”
Mr. Frankel said, “I’m truly honored that COST would select me as the first to receive this award, and humbled that the organization decided to name it for me.”
Mr. Frankel, Chair of the firm’s State and Local Tax practice, has represented taxpayers in major tax controversies in nearly all fifty states and has negotiated settlements in hundreds of cases and won significant state Supreme Court victories throughout the country. He has had distinguished 16-year tenure on COST’s board and is considered the father of the organization’s now famous Audit Sessions. Going forward, he will help select recipients of the award.
COST is a national nonprofit association of over 600 multistate corporations engaged in interstate and international commerce. Its objective “is to preserve and promote equitable and nondiscriminatory state and local taxation of multijurisdictional business entities.”