Douglas H. Shulman
Encyclopedia
Douglas H. Shulman is the U.S. Commissioner of Internal Revenue
. His nomination was confirmed by the full U.S. Senate on March 14, 2008 and he was sworn in on March 24, 2008. He formerly served as vice chairman of the Financial Industry Regulatory Authority
(FINRA) (successor to NASD) and sat on the board at the Depository Trust & Clearing Corporation (DTCC).
Shulman came to NASD in 2000. He directed NASD's efforts to restructure itself as solely a regulator and spin-off its market subsidiaries. He led the negotiations that resulted in the sale of both the NASDAQ
Stock Market and the American Stock Exchange
. He also oversaw NASD's efforts to become active in the fixed income
markets by launching the Trade Reporting and Compliance Engine (TRACE), NASD's real-time corporate bond
market regulatory and information system. Another main area of focus was heading the successful effort by NASD to modernize its technology systems.
Before joining NASD, Shulman co-founded and served as Executive Vice President of FoundryOne, Inc., a company focused on building and spinning off technology-focused startups within major corporations. Previously, Shulman was Vice President of Darby Overseas Investments, Ltd. and served as a senior policy advisor and as Chief of Staff for the National Commission on Restructuring the Internal Revenue Service
. Shulman began his career as a consultant at A.T. Kearney
in New York City.
Shulman holds a Bachelor of Arts degree from Williams College
, a Master of Public Administration
degree from Harvard University
's John F. Kennedy School of Government
, and a Juris Doctor
degree magna cum laude from Georgetown University Law Center
. He graduated from Oakwood High School in 1985. His parents, Jeff and Celia Shulman, live in Oakwood, Ohio
(in the Greater Dayton Area
).
In an interview with C-SPAN
in January 2010, Commissioner Shulman stated, "I use a preparer... I've used one for years. I find it convenient. I find the tax code
complex, so I use a preparer.”
Commissioner of Internal Revenue
The Commissioner of Internal Revenue is the head of the Internal Revenue Service , a bureau within the United States Department of the Treasury.The office of Commissioner was created by Congress by the Revenue Act of 1862...
. His nomination was confirmed by the full U.S. Senate on March 14, 2008 and he was sworn in on March 24, 2008. He formerly served as vice chairman of the Financial Industry Regulatory Authority
Financial Industry Regulatory Authority
In the United States, the Financial Industry Regulatory Authority, Inc., or FINRA, is a private corporation that acts as a self-regulatory organization . FINRA is the successor to the National Association of Securities Dealers, Inc. ...
(FINRA) (successor to NASD) and sat on the board at the Depository Trust & Clearing Corporation (DTCC).
Shulman came to NASD in 2000. He directed NASD's efforts to restructure itself as solely a regulator and spin-off its market subsidiaries. He led the negotiations that resulted in the sale of both the NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
Stock Market and the American Stock Exchange
American Stock Exchange
NYSE Amex Equities, formerly known as the American Stock Exchange is an American stock exchange situated in New York. AMEX was a mutual organization, owned by its members. Until 1953, it was known as the New York Curb Exchange. On January 17, 2008, NYSE Euronext announced it would acquire the...
. He also oversaw NASD's efforts to become active in the fixed income
Fixed income
Fixed income refers to any type of investment that is not equity, which obligates the borrower/issuer to make payments on a fixed schedule, even if the number of the payments may be variable....
markets by launching the Trade Reporting and Compliance Engine (TRACE), NASD's real-time corporate bond
Corporate bond
A corporate bond is a bond issued by a corporation. It is a bond that a corporation issues to raise money in order to expand its business. The term is usually applied to longer-term debt instruments, generally with a maturity date falling at least a year after their issue date...
market regulatory and information system. Another main area of focus was heading the successful effort by NASD to modernize its technology systems.
Before joining NASD, Shulman co-founded and served as Executive Vice President of FoundryOne, Inc., a company focused on building and spinning off technology-focused startups within major corporations. Previously, Shulman was Vice President of Darby Overseas Investments, Ltd. and served as a senior policy advisor and as Chief of Staff for the National Commission on Restructuring the Internal Revenue Service
Internal Revenue Service
The Internal Revenue Service is the revenue service of the United States federal government. The agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue...
. Shulman began his career as a consultant at A.T. Kearney
A.T. Kearney
A.T. Kearney is a global management consulting firm, focusing on strategic and operational CEO-agenda concerns. It was founded in 1926, and its head office is in Chicago, Illinois...
in New York City.
Shulman holds a Bachelor of Arts degree from Williams College
Williams College
Williams College is a private liberal arts college located in Williamstown, Massachusetts, United States. It was established in 1793 with funds from the estate of Ephraim Williams. Originally a men's college, Williams became co-educational in 1970. Fraternities were also phased out during this...
, a Master of Public Administration
Master of Public Administration
The Master of Public Administration is a professional post-graduate degree in Public Administration. The MPA program prepares individuals to serve as managers in the executive arm of local, state/provincial, and federal/national government, and increasingly in nongovernmental organization and...
degree from Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
's John F. Kennedy School of Government
John F. Kennedy School of Government
The John F. Kennedy School of Government at Harvard University is a public policy and public administration school, and one of Harvard's graduate and professional schools...
, and a Juris Doctor
Juris Doctor
Juris Doctor is a professional doctorate and first professional graduate degree in law.The degree was first awarded by Harvard University in the United States in the late 19th century and was created as a modern version of the old European doctor of law degree Juris Doctor (see etymology and...
degree magna cum laude from Georgetown University Law Center
Georgetown University Law Center
Georgetown University Law Center is the law school of Georgetown University, located in Washington, D.C.. Established in 1870, the Law Center offers J.D., LL.M., and S.J.D. degrees in law...
. He graduated from Oakwood High School in 1985. His parents, Jeff and Celia Shulman, live in Oakwood, Ohio
Oakwood, Montgomery County, Ohio
Oakwood is a city in Montgomery County, Ohio, United States. The population was 9,202 at the 2010 census. Oakwood is part of the Dayton Metropolitan Statistical Area. It was incorporated in 1908...
(in the Greater Dayton Area
Dayton, Ohio
Dayton is the 6th largest city in the U.S. state of Ohio and the county seat of Montgomery County, the fifth most populous county in the state. The population was 141,527 at the 2010 census. The Dayton Metropolitan Statistical Area had a population of 841,502 in the 2010 census...
).
In an interview with C-SPAN
C-SPAN
C-SPAN , an acronym for Cable-Satellite Public Affairs Network, is an American cable television network that offers coverage of federal government proceedings and other public affairs programming via its three television channels , one radio station and a group of websites that provide streaming...
in January 2010, Commissioner Shulman stated, "I use a preparer... I've used one for years. I find it convenient. I find the tax code
Tax code
In the UK, every person paid under the PAYE scheme is allocated a tax code by HM Revenue and Customs. This is usually in the form of a number followed by a letter suffix, though other 'non-standard' codes are also used. This code describes to employers how much tax to deduct from an employee. The...
complex, so I use a preparer.”
