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Introduction
Patrick Cox is a partner within Nixon Peabody’s M&A and Corporate Transactions practice group and member of the Tax team. He focuses on various tax aspects facing domestic and international companies and has significant experience in areas of capital markets, reorganizations, real estate, and private equity matters.
My focus
Corporate and Transactional Tax Matters
I focus my practice on developing tax strategies for complex cross border and domestic business transactions. I represent local and international firms, investors, and financial intermediaries in federal income tax matters related to capital market transactions and M&A.
I have extensive experience advising clients on inbound and outbound tax issues relating to investment in securities and real estate, IP rationalizations, tax treaty planning, and tax issues related to banking and finance, as well as creditor tax issues, including debt offerings, exchanges, and reorganizations, including bankruptcy.
Looking ahead
The Tax Cuts and Jobs Act of 2017, as well as subsequent tax legislation and guidance arising from COVID-19, continues to provide significant planning opportunities. As further guidance is announced, the benefits increase. Now many businesses are facing uncertain times, so my experience with distressed situations allows me to add value to companies and investors navigating these scenarios.
In the news
- Bloomberg Tax
Net operating losses—policies, effectiveness, and alternatives
This article contributed by New York City corporate partner Rick Cox, Washington, DC corporate associate Brian Kenney, and Washington, DC. Complex Disputes associate Myra Benjamin, explains how taxpayers can take advantage of net operating loss (NOL) deductions to offset taxable income in other tax years, and whether NOL policy is effective or if there are better alternatives.May 31, 2022 - Power Finance & Risk
DIF fund to buy Oklahoma wind farm
June 9, 2021This article mentions NP for advising DIF Capital Partners’ infrastructure fund on its agreement to acquire the Kingfisher wind farm in Oklahoma. The deal team includes Washington, DC Community Development Finance partner Shariff Barakat, Rochester Corporate partner Lori Green, Buffalo Global Finance partner Martha Anderson, and Rochester Corporate associate Aya Hoffman.
Also contributing to the deal were New York City Corporate partner Rick Cox; Manchester partner Mark Beaudoin and San Francisco partner Alison Torbitt, both of the Affordable Housing & Real Estate group; and Washington, DC partners Elizabeth Whittle and Bob Daileader and counsel Ken Weiner, all of the Project Finance & Public Finance group.
- Cannabis Business Executive
The Cannabis industry should employ careful tax planning when allocating between cost of goods sold and ordinary business expenses
Corporate partner and Tax team member Rick Cox and Corporate associate Vince Tennant, both of the New York City office, contributed this article on careful tax planning for cannabis companies, which are denied certain business expenses since cannabis remains illegal at the federal level.May 9, 2021 - The Well News
"Devil is in the details" of corporate tax reform
This article on the Biden administration’s proposal for domestic and global corporate tax reform quotes New York City Corporate partner Rick Cox, a member of the Tax team, on concerns related to a minimum tax, how the revenue threshold has shifted since Biden’s presidential campaign, and possible implications for companies that recently decided to expand globally.April 9, 2021 - Law360
4 Consideration for Investing in Opportunity Zones
New York City Corporate partner Rick Cox provides commentary in this article about how managers of qualified opportunity funds can minimize conflicts of interest through organizational documents.Feb 19, 2020 - Reuters Legal
Lawyers on the move
This roundup of key personnel moves in the legal industry features the arrival of New York City Corporate partner Rick Cox to Nixon Peabody.Sep 25, 2019 - Bloomberg Law News
US Law Week
This roundup of executive news highlights the arrival of Corporate partner Rick Cox in the firm’s New York City office.Sep 24, 2019 - Mergers & Acquisitions
M&A Wrap
This roundup of executive news highlights the arrival of Corporate partner Rick Cox in the firm’s New York City office.Sep 24, 2019 - The Deal
Movers & Shakers
This roundup of executive news highlights the arrival of Corporate partner Rick Cox in the firm’s New York City office.Sep 24, 2019
Admitted to practice
New York
U.S. District Court, Southern District of New York
U.S. District Court, Northern District of New York
U.S. Tax Court
Maine
Education
New York University School of Law, LL.M.
Hofstra University, J.D.
University of California, Berkeley, B.A.
Recognition
Rick has been recognized for exceptional client service by Martindale-Hubbell as a recipient of their 2020 “Client Champion” award.
