MinterEllison is pleased to announce that Anthony Portas has joined its market-leading tax practice as a partner.
One of Australia's most senior corporate tax directors, Mr Portas was until recently the Head of Tax, Asia Pacific for the Anglo American plc mining group. Prior to that, he was the Tax Manager for the Shell Coal Group, responsible for its global tax affairs.
Mr Portas brings more than 25 years’ experience in corporate and international tax to the role, with a strong focus in the mining and resources sector, and deep knowledge and technical expertise in M&A, infrastructure and international taxes.
Head of MinterEllison's Tax Business Unit, Bill Thompson, said Mr Portas brings unique experience to the firm's multi-disciplinary team of tax lawyers and accountants that is already the largest in any Australian law firm and that boasts blue chip domestic and international corporations and the ATO as clients.
"Anthony has a deep understanding of the resources sector and resources taxation. Beyond that, however, he has strong M&A transactional tax and other project tax experience – not just in providing the tax advice to support such transactions, but in tax due diligence and identifying the business issues in deals. He understands the business goals of corporate Heads of Tax from both a 'whole of business' and a transactional perspective," Mr Thompson said.
"At a time of strong ongoing foreign direct investment into Australia – investment that requires inbound tax structuring advice against a background of changing taxation laws, intense scrutiny of corporate tax arrangements and a particular focus on tax risk management – he will provide high level capability across our M&A practice, on major projects for clients and our overseas offices.
"And finally, because MinterEllison's tax team not only advises on tax transactions and disputes but also conducts tax litigation through the courts (uniquely, for corporate and high wealth private clients as well as for the ATO) it offers clients a unique insight into tax risk and tax risk management.
"Anthony's previous responsibility for managing tax audits, reviews and disputes across the Asia Pacific and his close relationships with tax authorities across the region, notably with the ATO will add an important client-focussed perspective to our firm's leading tax controversy team and enhance our ability to be our clients' best partner," said Mr Thompson.
Mr Portas is a former chairman of the Minerals Council of Australia's Tax Committee and was a member of the Resource Tax Implementation Group that worked with Federal Treasury to develop and draft the Mineral Resources Rent Tax. He has also been an Executive Committee member of the Corporate Tax Association and a member of many joint ATO liaison groups.
Commenting on his decision to join MinterEllison, Anthony Portas said he had worked with many of the firm's partners over the past 20 years and was impressed by MinterEllison's exceptional culture.
"The firm's tax practice is a highly regarded multi-disciplinary team of tax lawyers and accountants who are pursuing a unique value proposition for clients. Their full service offering across direct and indirect taxes, State taxes and in tax controversy and risk management is impressive.
"MinterEllison is committed to growing its team and its tax services and I'm excited to be part of that growth in Australia and internationally," he said.
MinterEllison's Tax Business Unit is the largest tax advisory practice in a law firm in Australia both in terms of advisers and revenue, with more than 60 tax lawyers and accountants.