Tax
McConnell Valdés LLC
Client SatisfactionThe powerhouse team at McConnell Valdés LLC remains a marker leader, advising domestic corporates, household-name financial institutions (such as UBS) and global brands (including Google, Coca-Cola, Shell and Hewlett Packard) on a diverse spectrum of tax matters. With a client base spanning sectors ranging from chemicals, tech and pharmaceuticals to retail, beverages, telecoms and energy, the practice’s comprehensive service covers tax incentives and exemptions, consumption tax, advice for non-profit organisations on the structuring and establishing of operations in Puerto Rico, tax litigation and the tax aspects of M&A and deal structuring. The practice is headed by tax practice chair Isis Carballo-Irigoyen, who assists with start-up operations, reorganisations, acquisitions, financings and competent authority proceedings before the Puerto Rico Department of Treasury and the Internal Revenue Service, and vice-chair Yamary González-Berríos, who specialises in corporate and partnership tax. Other key figures include Rubén Méndez-Benabe, who represents clients in tax controversy and litigation matters, including tax audits and examinations, administrative appeals and court proceedings, and Lillian Toro-Mojica, who advises on employee benefits, and income and property taxes.
Testimonials
Collated independently by Legal 500 research team.
‘The group's technical knowledge, expertise, key contacts and industry experience make it an amazing tax consulting resource.’
‘Isis Carballo is the best tax resource I have known in my career of 40+ years.’
Key clients
- Lutron
- Sunnova Energy Corporation
- Fresenius
- CooperVision Caribbean
- Celanese
- Amgen
- Shell
- Abbott Ingersoll Rand
- PPG Industries
- The Coca-Cola Company
- T-Mobile
- Sears/Kmart
- UBS
- Hewlett Packard
Work highlights
- Providing Sunnova Energy with regular advice on the structuring of its Puerto Rico operations and with the application of Puerto Rico tax incentives for its renewable energy operations.
- Structuring Shell's Puerto Rico business in an excise tax-efficient manner, taking advantage of the benefits of operating in a foreign trade zone and under the provisions of a tax incentives grant.
- Providing tax advice to Turkish company Enka, related to the design, procurement and construction of the San Juan Bay Piers under the terms of a public-private partnership with the Puerto Rico Ports Authority.
Lawyers
Practice head
The lawyer(s) leading their teams.
Isis Carballo-Irigoyen, Yamary González-Berríos