Stephen Shay, a partner in the Tax & Benefits Department of Ropes & Gray, has been named deputy assistant secretary for international tax affairs in the United States Department of the Treasury. "We are pleased that the Treasury Department has recognized the value of Steve's deep knowledge and experience in the area of international taxation," said John T. Montgomery, the managing partner of Ropes & Gray. "Ropes & Gray has a long history of encouraging public service, and we are confident that Steve will make a strong contribution in the effort to develop fair and effective international tax rules." While at Ropes & Gray, Shay frequently advised large and medium-sized multinational companies, financial institutions, and global investors on issues such as foreign tax credits, deferral of U.S. taxation, foreign currency gains and losses, withholding taxes and financial product issues. Shay also worked with the firm’s Private Client Group, advising high net worth clients on cross-border income tax planning. Before joining Ropes & Gray in 1987, Shay was the international tax counsel for the Treasury Department. As deputy assistant for international tax affairs, Shay will be part of the Treasury’s Office of Tax Policy and have responsibility for matters related to U.S. international tax policy, including developing international tax legislation proposals, negotiating and reviewing tax treaties with foreign countries, and participating in the development of regulatory and other guidance on existing laws.