Rising Stars

Tax in New Zealand

Bell Gully

Clients praise the Auckland-based tax practice at Bell Gully as ‘exceptionally strong, with a wealth of litigation experience with the revenue authority’. The team’s broad range of work features significant corporate transactions, tax advisory and tax disputes, as well as private client tax, indirect tax and customs-related matters. The team is also well equipped to advise on tax matters that arise in the context of emerging technologies, such as blockchain, cryptocurrency and NFTs. Leading the practice is Graham Murray, who is well regarded for his expertise in transactional tax matters and securitisation tax. Supporting the team is tax disputes specialist Matthew McKay and Willy Sussman, who focuses his practice on private client tax, trusts and immigration. Other key practitioners in the team include GST and customs and excise specialist Campbell Pentney and Hayden Roberts, who is a name to note for tax litigation.

Responsables de la pratique:

Graham Murray


Autres avocats clés:

Mathew McKay; Willy Sussman; Campbell Pentney; Hayden Roberts


Les références

‘The Bell Gully team provides an exceptional service. All advice is of a high quality and commercial. The Tax Team is exceptionally strong with a wealth of litigation experience with the revenue authority.’

‘Mathew McKay always delivers high quality, commercial advice, on short turn-around times. When you are in a tight spot it is comforting to know that you have Mathew in your corner – he is a trusted adviser and a safe pair of hands. Hayden Roberts provides excellent client service and works effectively with Mathew McKay.

Principaux clients

Frucor / Danone


Vodafone


PwC


Uber


Gresham House Asset Management


Blackstone Singapore


Igneo| Infrastructure Partners


Apex Group


FountainVest


Qube| Holdings


Bluestone Group


Europeran| Energy Exchange


Various Securitisation Clients


Principaux dossiers


  • Advised Vodafone NZ on the establishment and sale of its passive mobile tower business to funds managed/advised by InfraRed Capital Partners.
  • Acted for Frucor Suntory New Zealand in a rare victory on tax avoidance in the High Court.
  • Advised Bluestone Group on the establishment of two new rated securitisation trust structures for the holding of New Zealand prime residential mortgages and the issue of RMBS by those trusts.

MinterEllisonRuddWatts

The tax practice at MinterEllisonRuddWatts possesses ‘extensive transaction and private equity experience‘ and is ‘commercial and responsive to timelines’. The team is regularly instructed to advise on the tax aspects of significant transactions, and also advises on infrastructure projects and tax controversy matters. Its expertise also covers transfer pricing, W&I insurance, private wealth, cryptocurrency and executive remuneration. The Auckland-based team is headed by Andrew Ryan, who is ‘excellent to work with on time-sensitive deals, especially involving cross-border structures‘ and is well regarded for his role in high-value transactions. Also in the team, Simon Akozu is a key name for his involvement in high-profile infrastructure projects and transactions. Phillip Chrisp leads on the team’s significant tax engagements and has become a specialist in M&A, directly advising large corporate clients, fund managers and global insurance companies.

Responsables de la pratique:

Andrew Ryan


Autres avocats clés:

Simon Akozu; Phillip Chrisp


Les références

‘One of the most experienced private equity teams in New Zealand; very commercial; very responsive to timelines.’

‘Extensive transaction and private equity experience; commercial and responsive to timelines. Andrew Ryan and Phillip Crisp are excellent to work with on time-sensitive deals, especially involving cross-border structures.’

‘Accessable team. They make sure I am kept up to date with any projects that other teams at Minters are involved in that may have tax implications.’

Principaux clients

Te Tai Ōhanga | The Treasury


Fonterra Co-operative Group


Sharesies Investment Management


Dai-ichi Life Holdings


Fédération Internationale de Football Association


Auckland Council


University of Otago


Wellington Gateway Partnership


Westpac Banking


Kāinga Ora


Principaux dossiers


  • Advised the Treasury on the tax aspects of the acquisition by the Crown of 100% of the shares in Kiwi Group Holdings.
  • Advised Fonterra on the tax elements of the sale of its Soprole dairy business in Chile to Peruvian dairy company Gloria Foods.
  • Advised Sharesies on expanding its services with the establishment of a Sharesies KiwiSaver Scheme.

EY Law Limited

EY Law Limited can regularly be found advising its clients on all tax types, and has demonstrable expertise in strategy and administration, in addition to cross-border tax issues and disputes involving the New Zealand Inland Revenue. Tori Sullivan and Kirsty Keating jointly lead the tax practice from Auckland. Sullivan is a key contact for advice on allegations of tax avoidance, transfer pricing, international tax and customs, and Keating focuses her practice on tax disputes, as well as advising on the tax aspects of transactions, group structuring and financing matters. Senior associate Jonathan Choie is another name to note.

Principaux dossiers


Mayne Wetherell

Praised for being ‘highly technical and commercial at the same time‘, the practice at Mayne Wetherell is a popular choice among large multinationals, major domestic banks and large finance companies. The team’s expertise encompasses tax litigation before the courts, as well as transactional work, including M&A, real estate investments and financing transactions. Overseeing both the Auckland and Wellington offices, practice head Brendan Brown specialises in corporate and international tax. Auckland-based partner Chris Harker is experienced in advising on the tax aspects of large-scale transactions. In Wellington, Tim Stewart provides the team with knowledge of the tax aspects of financing arrangements and the finance sector more generally.

Responsables de la pratique:

Brendan Brown


Autres avocats clés:

Tim Stewart; Chris Harker


Les références

‘Extremely responsive, very good communication.’

‘Highly technical and commercial at the same time. Chris Harker is extremely responsive – always available, turns things around quickly.’

‘The Mayne Wetherell team is extremely focussed on client service. This includes particularly very quick and efficient turnaround times and a strong attention to detail and to really understand the business/commercial aspects of the transaction so that the tax advice or drafting can be tailored accordingly. The team exudes professionalism and is at the cutting edge of the latest or developing tax issues in New Zealand. ’

Principaux clients

Spark New Zealand


Corporate Taxpayers Group


Genesis Energy


Westpac New Zealand


Avanti Finance


Principaux dossiers


  • Advised Spark New Zealand as the lead tax advisor on the acquisition by the Ontario Teachers’ Pension Plan Board of a 70% interest in Spark’s passive tower infrastructure business.
  • Advised Westpac New Zealand on the tax aspects of establishing its $10bn medium-term note programme and issuance of $750m fixed-rate notes under that programme.
  • Advised Avanti Finance (one of New Zealand’s largest finance companies) on a NZ$250m transaction.

Russell McVeagh

The Auckland-based team at Russell McVeagh is commended for its ‘deep levels of experience and creative mindset to solving complex problems’. The team’s range of expertise covers corporate transactions, the review of capital structures and transfer pricing disputes, and its clients include major domestic banks, sovereign wealth funds and large corporates. The department is led by Fred Ward, who ‘brings energy to deals and situations where others may struggle’. Ward has expertise in corporate finance matters, M&A and structured investment products. The team is supported by Greg Neill, who is a key contact for advice on the tax aspects of M&A, private equity and financing transactions. Neill has acted for some of New Zealand’s biggest corporates, as well as large offshore corporations.

Responsables de la pratique:

Fred Ward


Autres avocats clés:

Greg Neill


Les références

‘Deep levels of experience and a creative mindset to solving complex problems help this team deliver simple solutions to complex problems.’

‘Fred Ward is likely the most experienced tax lawyer in all of New Zealand and brings energy to deals and situations where others may struggle. ’

‘Excellent reponsive advice from Russell McVeigh.’

Principaux clients

ANZ Banking Group


QIC Private Capital


Silver Lake


Pacific Equity Partners


Beijing Capital Group


National Australia Bank


Fisher Funds


Shareholders of Invenco Group


Infratec


Fonterra Co-operative Group


Stamford Land Corporation


Ports of Auckland


Principaux dossiers


  • Advised QIC Private Capital on the tax aspects of its acquisition of 50% of Vector Limited’s New Zealand and Australian metering business.
  • Advised Beijing Capital Group on the sale of Waste Management to Igneo Infrastructure Partners, for NZ$1.9bn.
  • Acted as the New Zealand jurisdiction legal and tax adviser to Australia and New Zealand Banking Group in its restructure.

Simpson Grierson

Clients highlight the tax practice at Simpson Grierson for its ability to ‘solve problems which would take weeks to navigate, in just hours’. Based in Auckland, the team has significant expertise in advising on the tax aspects of large-scale commercial deals and transactions. Other areas of expertise for the department include tax audits and disputes, not-for-profit taxation, insolvency advice and employee equity. Practice head Barney Cumberland handles domestic and cross-border M&A and financing transactions. At the senior associate level, Nick Bland regularly assists corporates, trusts and individuals on the New Zealand tax aspects of setting up businesses and investing in New Zealand. Paul Windeatt is also a key member of the team.

Responsables de la pratique:

Barney Cumberland; Andrew Matthews


Autres avocats clés:

Nick Bland; Paul Windeatt


Les références

‘They are extremely knowledgeable in relation to Local Authorities. Nick Bland is particularly approachable and helpful always going the second mile. He is very aware of the time constraints for most of our queries. We are always treated as special clients.’

‘Barney Cumberland and Paul Windeatt are very thorough and practical in their responses. They frequently see a few steps ahead of our literal question and get to the heart of the issue. Barney and Paul understand that we don’t need a treatise response to our questions, so they tailor their advice to be relevant to our fact pattern. They consistently respond in a timely manner.’

‘Their relationship with and access to Government officials is invaluable. They can solve problems which would take us weeks to navigate, in just hours.’

Principaux clients

Auckland Council Group


ASB Bank


Shinsei Bank


DoorDash


OMV New Zealand


The a2 Milk Company


Baker & McKenzie


Constellation Brands New Zealand /Constellation Brands


Matariki Forests Trading


New Zealand Rugby


Tait International


Nib Holdings


Adamantem Capital


Arena Investorsmand associated entities


Lodestone Energy


Macquarie Asset Management [2degrees and Voyage Digital (NZ)]


Principaux dossiers


  • Advised Voyage Digital on the tax aspects of the merger of Orcon (formerly Vocus NZ) and 2degrees, through the acquisition of the Orcon and 2degrees businesses by Voyage Digital.
  • Advised 2degrees on the landmark telecoms deal involving the sale of 2degrees’ cellphone towers to independent mobile tower company Connexa for NZ$1.076bn.
  • Advised New Zealand Rugby (NZR) on an investment by US private equity firm Silver Lake.

DLA Piper New Zealand

The Auckland-based tax practice at DLA Piper New Zealand is praised for being ‘personable, responsive and commercial in its approach’. Working collaboratively with the firm’s corporate practice, the team has expertise in the tax aspects of transaction structuring, tax due diligence and the negotiation of sale and purchase agreements. Due to the firm’s global reach, the group is able to handle cross-border tax matters. The department benefits from the expertise of practice head David Johnston, who advises on the tax aspects of M&A, restructurings, and inbound and outbound investments. Krishant Sen is a key contact for tax advice in the private equity, technology, transportation, financial services, property and gaming sectors.

Responsables de la pratique:

David Johnston


Autres avocats clés:

Krishant Sen


Les références

‘The team is very good at listening and understanding the needs expressed, as well as having an excellent knowledge of taxation and its impact on financial products. Clarifications and case studies are presented simply and clearly.’

‘David and Krishant showed great availability and very professional know-how. We particularly appreciated their ability to deal with all tax issues and to present a clear summary of the tax points raised.’

‘Personable, responsive, commercial in approach.’

Principaux clients

BlackRock


Television New Zealand (TVNZ)


Foodstuffs North Island


Auckland UniServices


AIG Insurance


Liberty Global Transaction Solutions


Forsyth Barr Investment Management


NZX


Solar Bay & Energy Bay


Warner Bros, Discovery


Ethique and the Ethique Foundation


Newell Brands


Implemented Investment Solutions – Apex


Five V Capital


Contact Energy


Plug Power


Principaux dossiers


  • Provided corporate and tax advice to Blackrock in connection with its acquisition of SolarZero.
  • Provide advice to AIG (and other insurers) on tax matters in connection with providing W&I insurance on underwritten transactions and other risks in New Zealand and internationally.
  • Provided corporate and tax advice to Contact Energy in connection with its joint venture with BP Lightsource.

PwC Legal New Zealand

The tax practice at PwC Legal New Zealand can regularly be seen advising clients on the tax aspects of M&A, finance and capital market deals. Leading the practice is Auckland-based partner Helen Johnson, who has significant experience handling the tax elements of cross-border transactions. Supporting the team from the Wellington office is experienced litigator Emma Richards.

Responsables de la pratique:

Helen Johnson


Autres avocats clés:

Emma Richards


Principaux clients

Northleaf Capital Partners


Real Estate Institute of New Zealand


Ockham Group


Fotowatio Renewable Ventures


Mytona


Denning Investment Partners


H.R.L Morrison & Co


ICD Property


Infrared Capital Partners


Principaux dossiers


  • Advised Ockham on the tax aspects of various development projects, including multi-party investment structures.
  • Assisting ICD Property with ongoing income tax and GST advice, as well as assistance in relation to the application of New Zealand’s international tax rules.
  • Assisting Real Estate Institute of New Zealand (REINZ) with tax matters relevant to it and its members.