Fanny Karaman specializes in US international tax law and advises multinational families on a wide range of US international tax matters. Having studied and practiced tax law in both the U.S. and France, Fanny brings a deep knowledge of civil law matters that her international clientele highly values. This background is especially useful when determining the U.S. tax treatment of foreign law mechanisms, transactions and restructurings.
Fluent in several languages and experienced in collaborating with foreign family offices and counsel, Fanny pays close attention to how legal terms and structures are used and described across jurisdictions, ensuring efficient navigation of the complex world of cross-border planning. Her work focuses on the U.S. Controlled Foreign Corporation and Passive Foreign Investment Company regimes, foreign investments in U.S. real property, Treaty benefits, foreign tax credit issues, structuring international exit events for her clients, restructuring her clients’ international holdings as part of her clients’ U.S. pre-immigration planning, U.S. estate and gift tax issues, and US international tax aspects with respect to trusts and trust beneficiaries. Her expertise extends to the international tax compliance field, particularly the Streamlined Foreign Compliance Procedure and the former Offshore Voluntary Disclosure Program, having previously overseen compliance matters at a prior law firm.
Admitted to the New York Bar, Fanny Karaman has practiced international tax law in New York and Paris, where she was formerly admitted to practice.
Fanny has spoken on several panels relating to international taxation, including the Controlled Foreign Corporation regime, the Foreign Investment in Real Property Tax Act, and on matters relating to international compliance and reporting.
Fanny has authored various articles, including for a prominent French law journal, on issues relating to the civil law usufruct and bare ownership mechanism and the Controlled Foreign Corporation regime.
Fanny Karaman holds a master’s degree in business tax law from the Law School of the University of Rennes 1 (France), as well as an LL.M in Taxation from New York Law School. From 2016-2021, she taught U.S. international tax law at the Law School of the University of Rennes 1 (France). She is fluent in German, English and French. She speaks Turkish and understands Spanish.
