Joanna Black

Managing Director
Specialises in Australian income tax
Works on complex Australian tax issues, including large-scale and listed company M&A and capital management transactions
Particular focus on the financial services sector and capital markets transactions
Melbourne
@alvarezmarsal
LinkedIn
Copied!
Jo Black is a Managing Director with Alvarez & Marsal Tax in Australia.

 

Ms. Black specialises in Australian income tax and works with clients to find the best solution to complex Australian tax issues, including large-scale and listed company mergers and acquisitions; capital markets transactions, including listed and unlisted company debt and equity raisings; capital management transactions; and unlisted and listed company restructurings. She has worked with clients in various industries and focuses on the financial services industry and financial transactions.

Ms. Black’s clients have included Australian public-listed and privately held companies, international conglomerates with an Australian presence, domestic and foreign banks, investment managers, traders and institutional investors operating or investing in the Australian market. Her expertise includes planning and executing transactions, developing and reviewing the initial structure of transactions; drafting and negotiating the tax aspects of transaction documents, including public documents; engaging with revenue authorities to obtain certainty on tax outcomes; and advising on post-transaction implementation and complex tax issues.

Prior to joining A&M, Ms. Black served in the Corporate and Global Tax team with PwC. Previously, she worked with boutique tax specialist firm, Greenwoods & Herbert Smith Freehills (affiliated with global law firm Herbert Smith Freehills), prior to its acquisition by PwC. 

Ms. Black earned bachelor’s and master’s degrees in law from the University of Melbourne. She completed her legal training at Herbert Smith Freehills and is admitted to practice as a lawyer in the Supreme Court of Victoria and the High Court of Australia. Additionally, she has presented and written papers on specialist income tax issues for the Tax Institute of Australia and the Corporate Tax Association and has been involved in submissions on Australian tax reform to the Australian Treasury and Australian Taxation Office.

Insights By This Professional

In Kilgour v Commissioner of Taxation [2024] FCA 687, an attempt to “reverse Uno” the market value substitution rule, whilst backfiring on the taxpayer applicants (Applicants), has clarified the meaning of “market value” for tax purposes and the facts and circumstances in which parties can be acting at arm’s length in relation to a particular transaction.
Recent amendments to Australia’s thin capitalisation rules in Division 820 of the Income Tax Assessment Act 1997 (Cth) (ITAA 1997) to implement new earnings-based tests for general class investors have resulted in complexity within the financial services sector, despite the existing thin capitalisation tests for ADIs and financial entities being largely retained.
The Full Federal Court recently ruled in PepsiCo, Inc v Commissioner of Taxation [2024] FCAFC 86 that payments made under PepsiCo's exclusive bottling agreements with Schweppes Australia did not include an embedded royalty subject to withholding tax and were not subject to the Diverted Profits Tax (DPT) provisions in Part IVA.
On 6 June 2024, the Federal Court of Australia (FCA) found in favour of the taxpayer in Ierna v Commissioner of Taxation [2024] FCA 592.
Latest insights The latest insights from Joanna Black's team
In today's competitive job market, offering comprehensive benefits to employees is more important than ever. One benefit that can make a significant difference is providing childcare services.