Tailored, practical tax advice across the board
In the complex, often multi-jurisdictional and technical world of tax, our clients get tailored and practical advice.
Our tax specialists assist with the full spectrum of clients' commercial activities. These include transaction structuring and due diligence, property taxation, inbound and outbound investment, cross-border leasing, funds management, financial products, corporate restructuring and employee share plans. We also work on binding and non-binding tax rulings, negotiations and disputes with the Inland Revenue Department and, where necessary, tax litigation and advocacy.
Chapman Tripp is also heavily involved in high profile tax policy work.
Tax due diligence
Chapman Tripp has a skilled and experienced M&A tax team made up of market leading experts with accounting and legal qualifications. Our team has extensive experience in assisting multinational firms successfully navigate domestic and cross-border mergers and acquisitions. We have the unique ability to assist at all points of a transaction cycle from the beginning to the end of the transaction cycle from a tax perspective. This includes assistance with the structure, drafting and negotiation of transaction documents, through to the development and implementation of a post transaction step plan.
We undertake tailored tax due diligence reviews and have acted for clients in the context of buy-side and sell-side/IPO transactions as well as from a warranty & indemnity insurers’ perspective. We have worked collaboratively with other domestic and international advisors, including legal and accounting firms and investment banks, to successfully deliver on some of the largest transactions in recent times.
Ranked Tier One for tax work by specialist tax legal directory International Tax Review World Tax 2015 and recommended for tax work by independent legal directories Legal 500 Asia Pacific 2016, Chambers Asia Pacific 2016, and AsiaLaw Profiles 2016.
We have advised
- on all four MOM transactions: we are the only New Zealand firm to have played a key role in all four of the Government’s Mixed Ownership Model programme transactions, including advising on the tax aspects of these two transactions:
– advising the Treasury on all aspects of the NZ$736m Initial Public Offering (IPO) and New Zealand Stock Exchange (NZX) and Australian Securities Exchange (ASX) listing of Genesis Energy, the final sale in the MOM programme, and
– advising Mighty River Power on all aspects of its NZ$1.7b IPO and NZX and ASX listing, Australasia’s “IPO of the Year” in 2013 according to the Australian Financial Review
- petroleum distributor and retailer Z Energy, and its shareholders Infratil and the New Zealand Superannuation Fund, on the tax aspects (and all other aspects) of its NZ$840m partial IPO and associated NZX and ASX listings
- Ngāti Whātua Ōrākei on structuring investments and obtaining a binding tax ruling
- a number of clients in respect of various negotiations negotiations and disputes with Inland Revenue, including disputes relating to transfer pricing and cross-border financing
- a Japanese consortium (Tokyo Stock Exchange-listed packaging company Oji Holdings Corp, and INCJ – a Japanese corporate investor, sponsored by the Japanese government and private enterprise) on its 100% acquisition of Carter Holt Harvey’s pulp and paper and packaging businesses for NZ$1.037b, including the tax aspects
- on the tax aspects of Australian waste management company Transpacific Industries’ NZ$950m sale of its New Zealand business to a wholly owned subsidiary of the Beijing Capital Group
- the New Zealand Bankers’ Association (NZBA) and member banks – providing ongoing advice to the NZBA and its member banks on issues arising from the US legislative provisions commonly known as the Foreign Account Tax Compliance Act (FATCA)
- Ngāti Whātua Ōrākei on the tax aspects of its significant and complex Treaty of Waitangi settlement, as well as post-Waitangi settlement matters which included restructuring the existing asset base and transferring the property assets to the newly formed entity
- Canadian-owned oil and gas exploration company, New Zealand Energy Corporation, on the tax and corporate aspects of its establishment and subsequent acquisitions in New Zealand
- Kordamentha on the tax aspects of the sale and subsequent liquidation of glass manufacturer, Metro GlassTech, in New Zealand
- The Warehouse Group on the tax aspects of its NZ$65m acquisition of specialist consumer electronics and home appliance retailer, Noel Leeming
- on the tax aspects of SLI Systems’ NZ$27m IPO and NZX Main Board listing
- Shanghai CRED on the tax aspects of its NZ$25m acquisition of the Carrington Resort on the Karikari peninsula, Northland
- the New Zealand Earthquake Commission (EQC) on the tax aspects of its complex land claims relating to more than 120,000 land claims arising from the Canterbury earthquakes
- Shell Overseas Holdings Limited on the divestment of Shell’s New Zealand downstream business by way of the sale of the shares in the New Zealand holding company for that business. The purchaser (Aotea Energy Limited) is a 50/50 joint venture between Infratil Limited (a NZX-listed infrastructure company) and the New Zealand Superannuation Fund
- Shell Overseas Holdings Limited on the divestment of its 37% interest in Fulton Hogan Limited (FHL) by way of a share buyback by FHL
- funds industry leaders on the development of a proposal to have New Zealand become a financial hub. The proposal involves changes to the tax system to implement a zero rate of tax on certain foreign investments managed in New Zealand
- leading outdoor equipment and clothing retailer Kathmandu Holdings Limited on the New Zealand law aspects of its IPO