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Danh Nguyen
special counsel, commercial | tax
meet Danhabout Danh
about Danh
Danh is an unusual tax lawyer. He has worked as a case leader in the Australian Taxation Office, a tax accountant in a top tier accounting firm, tax and commercial lawyer in a boutique tax law firm and has owned small businesses and a managed investment group.
For more than 12 years, Danh has been applying his diverse tax expertise and commercial nous to assist high-net asset family groups, medium size businesses and not-for-profit organisations. His diverse experiences as an ATO case leader, accountant, lawyer and businesses owner means he is superbly positioned to offer both practical and strategic solutions for his clients.
“It’s essential to be able to quickly gain an understanding of the nuts and bolts of the client’s business, be solution focused, take a ‘big picture’ approach and be willing to have the difficult conversations.”
Areas of Expertise
business succession
federal tax law
inbound and outbound investments
international tax law
not for profit advice
state tax law
tax disputes
tax litigation
industries
accountants
leadership positions
career mentor, queensland university of technology
vice president, lions international, club of brisbane vietnamese
recent experience
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restructure to maximise sale of a dental practice
Danh’s client was an equal shareholder in a company that operated a dental practice. The client planned to take early retirement, so wanted an exit strategy and to sell his shares for $3.7 million. Since the other shareholder didn’t have enough experience to operate the business on his own and couldn’t afford to pay the $3.7 million, Danh structured an ‘earn-out’ arrangement that ensured the sale could go ahead with conditions. It stipulated that the other shareholder paid $2 million to Danh’s client up front and the remainder over five years, contingent on the performance of the business. Danh’s client was delighted with this result as it ensured he could sell a large portion of his shares immediately, while achieving an exit strategy that worked for both parties.
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corporate structuring for overseas expansion
Danh’s client owned successful Brisbane-based IT consulting firm, IT2U. The business had recently won a tender to provide IT services to a big Hong Kong consulting firm, so they approached Danh to assist with the company’s expansion to Hong Kong and other countries within the next five years.
Taking into consideration common international tax issues, Danh designed a tax effective and flexible corporate structure that included corporate tax residency, a controlled foreign company, transfer pricing and double tax agreements. It was flexible enough to allow for a multi-million dollar sell down to private equity and then Initial Public Offering (worth a further $10 – 15 million), helping to future-proof the client’s business.
