New Zealand

World Tax Reviews

Tax
Bell Gully

Mathew McKay leads tax practice at firm. It is involved in various tax services such as corporate transactions, private client, indirect tax and customs matters. It has diverse range of significant corporate, banking & finance and property transactions that require advice from the tax team. In addition, the team has a strong relationship with New Zealand Revenue Department in order to provide a better disputes and litigation practice. 

One recent example of the work of the team saw it acting for the Frucor Suntory New Zealand in successfully rebutting the allegation that its use of convertible note financing to fund its New Zealand business was a tax avoidance arrangement. It also assisted Fletcher Building on the sale of the Formica Group.

Deloitte

The team at Deloitte is comprised of 48 partners and 366 staff. Its practice covers disputes and rulings, general corporate tax and transactional tax. The team also engages the tax policy process. It works closely with the Inland Revenue, treasury, government officials and members of parliament in the development of tax policy. 

Details of the firm’s clients and recent work remains confidential. 

Client feedback 

Excellent. Very easy to work with, professional and provides sound, practical advice.” 

DLA Piper

David Johnston leads tax practice at firm. He has more than 18 years of experience in transactions and disputes service both in New Zealand and the UK. It advises on a wide range of tax matters, ranging from inward and outward investment, private equity deals, structuring for corporate and real estate acquisitions and disposals, and transfer pricing planning and documentation through to executive and employee compensation packages. 

The team recently advised Sean Parker on all tax aspects of his investment in Weta Digital (including advising on the New Zealand and the US tax treatment) and the negotiation of the tax aspect of the transaction documentation. It also acted for Discovery in relation to the acquisition of TopTV by way of a share deal.

Russell McVeagh

Fred Ward and Brendan Brown lead tax practice at firm. Other key practitioners are Tim Stewart and Chris Harker. Its practice covers direct and indirect taxation. The team also provides services related to various areas such as M&A, customs and excise, tax investigations and disputes. It participates in all tax reform process, including appearing before parliamentary committees and making representations at ministerial level. Its clients include ANZ, BNZ, ASB Bank and Kiwibank. 

One recent example of its work was when it acted for Provident Insurance in relation to a dispute concerning the application of the GST financial services exemption to consumer credit insurance. It also assisted Business New Zealand and the Corporate Taxpayers Group in relation to COVID-19 tax measures to reduce tax impediments to businesses needing to raise new capital. 

Client feedback 

Russell McVeagh provides clear and accurate advice. Always meet commitments, including urgent deadlines, and acts with the utmost professionalism.” 

Simply excellent – always my preferred legal advisers.