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New IRS Commissioner Takes Office
- Published on Thu | 17 Apr 2008
New IRS Commissioner Takes Office. Douglas Shulman became the 47th Commissioner of Internal Revenue on March 24, 2008. He is the first to be appointed to this office since legislation was enacted in January (Pub. L. No. 110-176), setting a five-year term for the IRS Commissioner, subject to reappointment or removal by the President.
At the time of his appointment, Mr. Shulman was serving as Vice Chairman of the Financial Industry Regulatory Authority (formerly the National Association of Securities Dealers), the private sector regulator of securities firms doing business in the U.S. After joining NASD in 2000, he was involved in restructuring the company, led the negotiations of the sale of the NASDAQ stock market and American Stock Exchange, oversaw the launch of industry-wide bond market transparency, and modernized NASD's technology operations. Earlier in his career, he served as Vice President of Darby Overseas Investments.
In 1996-1997, Mr. Shulman served as Senior Policy Advisor and then Chief of Staff of the bipartisan National Commission on Restructuring the IRS. He holds a B.A. from Williams College, an M.P.A. from Harvard University's John F. Kennedy School of Government, and a J.D. (magna cum laude) from Georgetown University Law Center. Source: APA Payroll Currently Volume 16 Issue 8.