• Pamela M. Capps advises clients with respect to all aspects of tax law, including the international, federal, state and local tax aspects of structuring joint ventures, mergers and acquisitions, and other corporate transactions. In addition to her transactional practice, Pam represents clients in all types of federal, state and local tax controversies.

    Pam combines a strong business background and understanding of clients’ needs with her extensive tax knowledge, advising clients on both the business and tax considerations of transactions, and working with clients to develop creative and practical solutions to address a range of issues and to meet their objectives. Chambers USA recognized Pam as a leading lawyer in tax in New York, citing sources who say “Pam is a fantastically knowledgeable tax attorney. She’s very commercial [and] efficient and a pleasure to work with.” Another client praised Pam to Chambers as “an invaluable member of our team,” calling her “a true thought partner for us.”

    Pam represents clients across diverse industries, with particular depth of experience in the real estate, entertainment and fashion businesses. In the real estate area, Pam regularly advises owners, developers and lenders in connection with structuring purchases, sales, financings, investments in real estate partnerships, complex like-kind exchanges and involuntary conversions. Pam has extensive experience advising entertainers, sports figures and executives in business activities, including in connection with mergers and acquisition transactions involving management companies, record labels and other entertainment related entities, structuring equity compensation arrangements, licenses, estate planning and tax controversies. 

    As head of the firm’s state and local practice group, Pam regularly advises clients on the state and local tax consequences of transactions as well as assists clients with resolution of controversies with taxing authorities. Her in-depth knowledge of federal tax law adds a valuable advantage in addressing state and local adjustments arising from federal tax concepts.

    Pam is co-author of a number of authoritative texts on tax law for Bloomberg BNA, including “Capital Assets” (2012), “Capital Assets: Related Issues” (2012), “Transfers to Controlled Corporations: General” (2014) and “Transfers to Controlled Corporations: Related Problems” (2014).

    Experience

    • Advised BlackRock Impact Opportunities in formation of a joint venture with Greystone Housing Impact Investors LP to invest in loans which will finance the construction and/or rehabilitation of affordable multifamily housing properties across the U.S.

    • Represented the seller in the sale of Hotel Wales, located at 1295 Madison Ave. in New York City.

    • Represented Mitsui Fudosan America Inc. in the closing of $3.8 billion in capitalization for 50 Hudson Yards, the development’s park-front, flagship office tower.

    • Advised the owner of Rosgin Inc. in the sale of its Parker brand to Kellwood, a leading provider of women’s apparel.

    • Represented Wear Me Apparel d/b/a Kids Headquarters in an acquisition of assets by Li & Fung Ltd., subsidiary of LF USA.

    • Represented Rocawear in its sale to Iconix Brand Group Inc.

    • Represented New Valley in connection with its joint venture investment with Property Markets Group and Kamran Hakim in the development of Queens Plaza South.

    • Represented The Peebles Corp. in connection with a joint venture in the purchase and redevelopment of 346 Broadway.

    • Advised Leading Pharma LLC on tax and structuring issues in its acquisition of substantially all of the assets of Excellium Pharmaceutical Inc., as well as in connection with a private equity offering by Leading Pharma’s parent company.

    • Represented Millennium Partners in the sale of Sports Club/LA and Reebok Sports Club/NY.

    • Represented AIG, Allied World Assurance and other issuers of M&A representation and warranty policies.

    • Represented several clients in challenging New York State's and New York City's use of its discretionary authority.

    • Represented a foreign bank in tax litigation with New York City involving the application of certain treaty provisions to the New York City bank tax, and whether income from certain loan participations of the bank constitutes effectively connected income in the United States.

    • Represented a financial services organization in a New York City litigation involving the ability of a partnership to claim deductions under Internal Revenue Code Section 754 for unincorporated business tax purposes.

    • Advised a leading provider of dark fiber and advanced network services in connection with the application of Internal Revenue Code Section 382 to the calculation of the taxpayer’s alternative net operating loss deductions.

    • Represented a large fashion company in connection with an IRS audit, including issues related to transfer pricing.

    • Represent a high-net-worth individual in connection with an IRS audit relating to the sale of an interest in a multibillion dollar hedge fund involving issues arising from different taxable regimes in the U.S. and the U.K.

    Credentials

    Education

    • J.D., Columbia Law School, 1992
      • Articles editor, Columbia Business Law Review, 1991-1992
      • Member, Columbia Business Law Review, 1992
      • Harlan Fiske Stone Scholar
    • B.S.B.A. with concentration in accounting, with high honors, Washington University in St. Louis, 1987

    Bar Admissions

    • New York, 1993

    Professional Affiliations

    • New York City Bar Association
    • New York State Bar Association
  • *No aspect of this advertisement has been approved by the Supreme Court of New Jersey. A description of the Super Lawyers selection methodology can be found here.