Charolette F. Noel
Partner
Dallas
Tel: 1.214.969.4538
Fax: 1.214.969.5100
Email:
cfnoel@jonesday.com
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Charolette Noel practices in the area of state and local taxation, with emphasis on multistate acquisition structuring and defense of corporate taxpayers against the overreaching actions and exercise of unconstitutional discretion by taxing jurisdictions.
Charolette's experience includes successful representations of taxpayers in cases such as The Southland Corp. v. Comptroller, State of Maryland, No. 1402 (Md. Ct. Spec. App. 1997) & No. 1661 (Md. Ct. Spec. App. 2001), cert. denied, 366 Md. 247, 783 A.2d 221 (Md. 2001) (rejecting state's attempt to tax a company headquartered outside of Maryland on its gain from the sale of stock in a separately managed subsidiary) and Home Interiors and Gifts, Inc. v. Department of Revenue, 318 Ill. App.3d 205, 741 N.E.2d 998 (Ill. App. 1 Dist. Nov. 13, 2000) (No. 90959), appeal denied, 195 Ill.2d 552, 754 N.E.2d 1285 (Ill. June 6, 2001) (No. 90959) (rejecting state's attempt to tax the earnings from excess working capital of a taxpayer headquartered outside Illinois).
Charolette regularly advises clients on state and local tax aspects and structuring of acquisitions and dispositions, some of which have included International Steel Group's acquisition of the Bethlehem Steel business, Burlington Industries' bankruptcy buyout by WL Ross & Co. LLC, Direct Trading Corporation's sale of its assets to Knight Trading Group, the acquisition of the Engineered Products and Power Products businesses of Stewart & Stevenson Services, and numerous asset acquisitions by Arctic Glacier Inc. She has provided state and local tax advice in many bankruptcy proceedings. Debtor representations include Dana Corporation, Kaiser Aluminum, FLYi/Independence Air, Williams Communications, NationsRent, HQ Global, Loewen Group International, and LTV Corporation.
In 2003, Charolette was appointed adjunct professor of state and local taxation at Dedman School of Law, Southern Methodist University. She has been a licensed Texas CPA since 1988, beginning as an auditor for Ernst & Whinney. Charolette is the executive editor of the State Tax Return, a monthly Jones Day publication distributed to more than 2,000 readers. She has written articles for BNA, CCH, and the Texas Bar Journal and regularly speaks on a variety of topics at COST, Tax Executives International, and other seminars. Charolette is the state and local contributor for Jones Day's bankruptcy tax portfolio, published as Jenks, Ridgway, and Purnell, "Corporate Bankruptcy," Tax Mgmt. (BNA) No. 790 (September 2004).
Admitted
Texas
Education
The University of Oklahoma (Beta Gamma Sigma; B.B.A. with special distinction 1986); The University of Texas at Austin (J.D. with honors 1991); Southern Methodist University (LL.M. in Taxation 2001)