Mr. Levy is currently an Executive Director – Tax Counsel & head of Corporate Tax at DTCC. In his role as Tax Counsel, Ellis works closely with all the DTCC businesses on U.S. and international tax issues, including withholding and information reporting. During this past year, Ellis has extensively counseled the business on various U.S. federal income tax withholding issues, including issues arising from Sections 305 and 302 of the Internal Revenue Code. In addition, Ellis has been working extensively on the new 871(m) and proposed 305(c) Treasury Regulations. He has had several meetings and discussions with the U.S. Treasury to discuss 871(m) related matters as they pertain to DTCC, clearing agencies, central securities depositories and the capital markets in general.
Prior to his arrival at DTCC Ellis practiced as a tax attorney at Sullivan & Cromwell, an international law firm with over 800 lawyers and offices across the globe, in their tax group and worked on a wide range on tax issues and matters.