Tax Space, Transportation and Telecommunications

Integration of Advisors. Maximization of Benefits. 

Our preeminent Space, Transportation and Telecommunications Group depends upon the special expertise of Milbank's Tax Group.

Our Tax lawyers have been at the forefront of the leasing industry, having pioneered many of the cross-border leasing techniques used in the past few years. We are a leader in aircraft lease financing, and each year we complete transactions comprising a significant percentage of all commercial jet aircraft lease financings worldwide. Our transactional experience includes representing all of the various parties to leveraged leases, operating leases, cross-border leases, export finance leases, subleases, conditional sales, equipment trust certificates, progress payment financings, sale and asset-based financing transactions and senior and subordinated loans. Our Tax lawyers play a critical role in planning and structuring these financings to avoid adverse tax consequences and maximize the tax benefits available to investors. This is especially true in structuring cross-border leases, where deep familiarity with tax treaties, withholding requirements and other international tax ramifications takes on heightened importance.

experience and expertise

We also regularly advise global satellite and telecom providers and financing parties about the tax aspects of financing transactions involving space and telecommunications assets, inbound investment, corporate acquisitions and restructuring transactions and capital markets transactions. Our Tax team is well-versed in the particular tax concerns faced by companies in these sectors, such as sourcing of space, ocean and international telecommunications income, tax-nexus issues and communications-excise-tax issues.