Paul McNab is held in high regard by peers for his first-rate tax practice, which spans both contentious and transactional matters.
Paul has more than 30 years of taxation experience, including eight years in what is now the Australian Taxation Office Client Engagement Group, where his work included a number of high-profile audits and the management of the resulting litigation and prosecutions.
In private practice he has had extensive experience in assisting clients understand the tax risks they face and manage their interactions with the ATO. His work has included reviews of significant transactions, assistance with the assessment and disclosure of tax risk to statutory auditors, management of audits by the ATO and negotiation of settlements. He has litigated taxation matters in the state and federal courts, including the High Court of Australia. He is skilled at the strategic management of cross border evidence and multijurisdictional evidence production demands.
He has a strong background in working with companies whose value is significantly driven by intangible assets. He has worked on a number of disputes involving the interaction of Australia’s transfer pricing rules and our general anti-avoidance provision, including one of the first joint IRS/ATO audits.
He led the firm’s work with global groups on their responses to the Australian government’s base erosion and profit shifting initiatives (including MAAL and DPT). He has published extensively on (and managed in practice) tax issues in relation to intangible asset-based business models and the management of transfer pricing disputes.
He is a practising Australian solicitor and a chartered tax adviser (Australia).