- The Washington Times - Sunday, July 20, 2003

Michael Lippman is taking over KPMG LLP’s state and local tax practice at a time when a wave of corporate accounting scandals has prompted company finances to be scrutinized more than ever.

“There is a level of quality that companies are demanding today that they were not demanding 10 years ago,” he said. “It’s exciting, but it’s also challenging.”

Mr. Lippman, 45, who has more than two decades of experience with state and local tax matters, was recentlynamed national partner-in-charge of the firm’s state and local tax (SALT) practice. The appointment returns Mr. Lippman to a position he held until 1998.

From his D.C. office, Mr. Lippman leads a team of 500 tax professionals across the country in ensuring tax compliance and providing consultation services to multinational corporations.

“Mike is a confident professional whose work will attract top clients,” said Richard Smith, vice chairman of tax services. “He easily gains the confidence of business leaders.”

His expertise is in multistate taxation, and he helps clients with sales tax, income tax and property tax in all 50 states and in 7,000 local tax jurisdictions.

Not satisfied with being “one of the pack,” Mr. Lippman said he hopes to make KPMG the industry standard for SALT consultation.

“I want to be viewed by the corporate marketplace as the only team that should be consulted when companies are facing difficult tax decisions,” he said. “I just want to be best in class.”

Mr. Lippman was national managing partner for KPMG’s national tax services for five years. He also served as the firm’s national partner-in-charge of SALT technical services.

Mr. Lippman has published articles on multistate taxation in several tax journals, and has lectured on taxation before groups including the Multistate Tax Commission, American Bar Association, Georgetown Institute on State and Local Taxation, and Federation of Tax Administrators.

Mr. Lippman received a bachelor of science degree in accounting from the University of North Carolina and a master’s of science degree in taxation from Georgetown University, graduating as valedictorian both times.

He lives in Potomac with his wife and their four children.

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