Greenwoods & Herbert Smith Freehills assists financial services organisations in developing solutions to the complex tax issues that arise in today’s global financial services marketplace.
Our specialists advise Australian and international financial institutions on the application of Australian tax laws both to the institutions as taxpayers and with regard to the products they develop for their clients. We also work with leading superannuation and insurance providers, offering specialist expertise on the often complicated and unique taxation regimes applicable to these entities, their consumers and their products.
Clients seek our assistance on matters ranging from large-scale financing transactions to dealings with the Australian Taxation Office, including audits and client risk reviews. In conjunction with our global law firm affiliate Herbert Smith Freehills, our financial services tax advisers also assist clients with disputes brought before the Federal and High Courts.
We regularly participate in Australian Taxation Office and Treasury consultations on behalf of private-sector representative bodies including the Australian Bankers’ Association and The Tax Institute. Notably, our Directors have been closely involved in the Australian Government’s ongoing consultative processes concerning the Taxation of Financial Arrangements (TOFA) regime.