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
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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 Australia’s largest publicly listed companies across the financial services and other sectors, private companies, 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

The Albanese Government's fourth Budget, shaped by an impending Federal Election, prioritizes cautious, voter-friendly measures like cost-of-living relief, increased Medicare funding, and expanded childcare rebates while avoiding significant structural reform.
A&M Managing Directors Shahzeb Panhwar and Joanna Black were recently quoted in Bloomberg Tax's article "Australia Debt-Deduction Guidance Seen As Restrictive, Vague."
On 4 December 2024, the Commissioner released the following new draft guidance materials (Draft Guidance) on Australia’s new thin capitalisation regime:
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.
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