Douglas Smith Email & Phone Number

Sydney, Nsw, Au

Singapore

Sydney, Beijing, Singapore

Leading a team of 9 tax professionals across Asia Pacific with responsibility for managing all tax issues across the region for the Maersk Group. Particular focus on tax controversy, tax transformation, cross border transactions, M&A, transfer pricing, tax risk management, BEPS OECD and tax treaty issues. Proven record of delivering commercially focused tax advice in dynamic fast paced environment. Successful resolution of various Tax Authority audits, APAs, MAPs and assorted settlement scenarios. Significant experience in Tax Agency and Government lobbying on various industry Tax issues.

Sydney And Singapore

Responsible for management of 2 in house tax teams (team of 4) based in Australia and Singapore, with remit to provide tax support to various business units operating across the South East Asia and Oceania regions.

Sydney, Australia

As the Head of Tax for a newly established inhouse function I have had to build an appropriate team capable of providing a full range of tax services to the variety of Maersk businesses operating within Australia and the region. Particular experience in international shipping and oil and gas support activities, logistics, tax treaties, transfer pricing and BEPS, CBC reporting, permanent establishments, ATO audits, private binding rulings, withholding taxes, MEC groups and vessel financing and ownership structures.

Sydney

• Responsible for all areas of Direct and Indirect tax advisory, tax compliance, tax governance and tax reporting across the region, and identification of any associated UK tax impacts for the Group.• Regular communication with all members of regional Executive Committee, other senior members of the business, external tax advisors, taxation authorities and industry bodies. • Lead tax role in successful sale of majority of Australian business operations to Westpac Banking Company in late 2013. Included vendor due diligence, buyer negotiations, documentation drafting and review, tax counsel briefings, consolidated group exits and completion mechanics.• Completed successful implementation of TOFA regime across the Australian business and liaison with ATO during their subsequent review. • Responsibility for exit ACA calculation following BankWest subsidiary divestment and subsequent direct interaction with ATO during Risk Review and Audit of the disposal transaction. Included Senior Tax Counsel briefing and consultation with, and formal submission to, Federal Treasury on particular tax consolidation issues. • Planned and completed major overhaul of tax compliance processes and control frameworks across region. • Involvement in successfully obtaining bilateral APA (Australia and UK) in relation to intra group cross border funding. Successful resolution of both ATO and HMRC transfer pricing reviews and audits.• Lloyds’ Representative on AFMA Taxation Committee. Represented AFMA during Board of Taxation’s ongoing review of branch taxation.• Management of 2 tax team personnel. Includes allocation and management of workloads, technical development and performance management objective setting and review.

Sydney Area, Australia

• Key contact on a number of Financial Services clients, with particular focus on European and East Asian banks with a presence in Australia. • Lead tax manager and key tax contact for tax audit of ‘Big 4’ Australian retail bank. • TOFA Champion and member of the PwC national TOFA working group charged with driving the Firm’s TOFA market strategy. Presented at Corporate Tax Forum on Introduction to TOFA. Responsible for design and presentation of a series of introductory TOFA training sessions.• Other areas of advice included financing and capital management, thin capitalisation, offshore banking units, withholding tax, TOFA, Australian branches of foreign banks, and cross border relocation of employees. Exposure to other service lines included GST, Transfer Pricing and International Tax.• Service Team Manager for the Financial Services group. Responsibilities included staff resourcing, financial management and general support to the Service Team Lead Partner.

Glasgow, United Kingdom

• Lead role in management of tax audit of c.50 UK entities of large European FMCG group.• Experience of US PCAOB audit requirements.• Supervision of a number of junior staff and communication with various levels of senior staff both internally and at the client, with both tax and non tax backgrounds.• Corporate tax advice to a wide variety of client types from OMBs to international organisations. Particular focus on providing tax advice to Financial Services clients and clients with particular financial products, including forex hedging, hybrid instruments and derivatives.• Management of CFC tax advice and compliance issues for Asian sub group of major international property group.• Advice on a number of OMB disposals and corporate acquisitions.

Edinburgh, London

• Responsible for tax advice and tax compliance for all areas of the Bank’s Treasury operation with particular experience of securitisations, structured product transactions, debt issuances, covered bonds, taxation of derivatives, IFRS, overseas branches, and new jurisdiction and product approvals. • Lead role in successful negotiation with HMRC in relation to divestment of major leasing business and the subsequent agreement of the capital loss position. • Establishment of relevant internal controls and processes to manage the division’s tax risk across UK, US and Australia.• Key contact during HMRC review and audit of a number of structured financing transactions.• Daily contact with front and middle office business staff of various levels in conjunction with liaising with senior members of Treasury, Group Finance and Group Tax, as well as regular contact with external advisors and HMRC.• Further responsibilities included involvement in international transfer pricing issues (with particular involvement in drafting of group wide procedural requirements), controlled foreign companies, capital raising projects, overseas Treasury projects (including funding of Australian subsidiary), withholding taxes and R&D tax credits.

Cambridge, United Kingdom

• Principle member of the tax engagement team on a number of corporate clients. • Particular experience of start-up, technology and life sciences companies in the Cambridge area. • Various consultancy projects included dual listing of information management software group, Chinese expansion of innovative printing technology company, intellectual property issues, R&D tax concessions and OMB disposals.• Responsible for tax return preparation and review with subsequent interactions with HMRC on tax return queries.• Responsible for organising internal weekly work update meetings. Also presented at a number of inter office tax and accounting training sessions and taught junior members of staff on national training courses. Represented firm at a number of graduate recruitment events designed to attract new trainees into accountancy.

Fca

Doctor Of Philosophy (Phd), Photogrammetry

Bachelor Of Science (Bsc), Topographic Science