The tax environment in Australia presents challenges for businesses operating or investing in this market.
Changing regulations concerning transaction structures for foreign investors, intense political scrutiny of the treatment of the tax information, and tax and revenue authority use of enhanced profiling techniques and broad information-gathering powers to identify risk areas, and scrutinise the Australian and state tax and duty implications of business dealings, are some of the more significant tax issues faced by businesses active in Australia.
How we can help
Our tax specialists provide precise, commercially informed advice on all areas of direct and indirect taxation, covering income tax, capital gains tax, GST, stamp duty and land tax.
Well versed in the issues on the radar of the Australian Taxation Office (the ATO) – with which we have a productive working relationship built up over many years – we guide businesses to proactively manage and respond to changes in tax laws, and assist with the tax optimisation of transactions, and to navigate scrutiny should it arise.
Optimising the tax outcomes on transactions
Familiar with a diverse range of asset classes and investment structures, our tax specialists advise on structuring and documentation to ensure tax outcomes align with commercial objectives on transactions. We advise across all types of transactions and circumstances, including restructuring, M&A, capital management, investments and divestments – renowned as a ‘safe pair of hands’ by clients, who trust us to guide them through all of their major transactions and circumstances.
Our indirect tax specialists provide advice on all stages of transactions, to ensure the most efficient outcomes from the perspective of stamp duty and GST costs – covering the breadth of issues and risks that may impact your business.
It is the case more often than not that our tax specialists work together with our corporate M&A and investment fund specialists to provide holistic and integrated support, ensuring optimal tax outcomes on significant transactions. At the cutting edge of tax law developments in Australia, our specialists are currently acting on some of the country’s largest transactions, and guiding influential participants through upstream and downstream structuring issues. Our specialists are well placed to help you to proactively protect your business and investments, and navigate regulatory scrutiny should it arise.
Navigating interactions with the ATO and revenue authorities
Businesses have different risk profiles, which influences how they choose to navigate interactions with tax regulators and authorities. Allens' tax experts offer a commercial and solutions-based approach to navigating these interactions, informed by deep experience, and a productive relationship with the ATO and other revenue authorities – which enables us to influence and challenge analysis on contentious issues.
Allens' tax controversy specialists have an outstanding reputation and track record in dispute resolution, including litigation and audit management (see Tax Disputes).