Prashanth Kainthaje Partner

Prashanth has specialised in tax for over 10 years and advises on all areas of Federal and State Australian tax law.

He has advised on a variety of corporate and financing transactions including acquisitions and divestments, demergers, capital management initiatives, tax effective financing, the formation of funds, inbound and outbound investments, corporate restructures and employee share and option schemes and executive remuneration.

Prashanth has represented clients in disputes with the Australian Taxation Office and other revenue authorities and sought rulings on behalf of clients.

He is ranked as a leading tax lawyer by Chambers Asia-Pacific 2018 who has a "highly innovative and very detailed approach" and ability to "keep all the various perspectives in mind."

Experience

General

General taxation

Providing general taxation advice on a variety of matters including domestic direct tax matters, capital gains tax and international tax (i.e. tax issues relating to inbound and outbound investment – CFCs, transferor trusts, tax treaties, thin capitalisation, transfer pricing issues, multinational anti-avoidance provisions and the diverted profits tax).

Formations Advice

Advising in relation to the formation of a holding company structure and intra-group financing arrangements having regarding to that tax requirements in Australia, Argentina, Canada, Luxembourg and the United States of America.

Negotiations

Successfully negotiating class rulings, product rulings and private rulings for financial products, capital management initiatives and a wide variety of transactions.

Infrastructure provider

Advising and representing infrastructure provider in relation to deductions under the right to future income provisions in Australia’s income tax consolidation provisions.

General Advising

Advising in relation to various financing instruments.

Advising and Negotiation

Advising in relation to transfer pricing issues arising out of intra-group debt and other intra-group transactions, including the negotiation of an APA.

Stamp Duty

Advising in relation to nationwide stamp duty issues relating to an Australia wide franchise in the FMCG sector.

Tax

Advising in relation to income tax, stamp duty and GST issues on group restructures.

Formations and Dissolutions

Advising in relation to formation and dissolution of a variety of Australian and international fund structures.

Recognition

Ranked as a leading tax lawyer
Chambers Asia Pacific, 2018-2021
One client is especially impressed by how Prashanth Kainthaje “distils complex law to something readily understandable"
Chambers Asia-Pacific, 2020
Recommended in tax law
Asia Pacific Legal 500, 2018
Prashanth Kainthaje is "a standout performer with deep legal expertise who understands our business and provides pragmatic and commercial advice"
Chambers Asia Pacific, 2018
Recognised as a leading corporate tax lawyer
Who's Who Legal, 2017
"Prashanth Kainthaje is a specialist in federal and state Australian tax law and is recognised as a highly respected adviser in the corporate sphere"
Who's Who Legal, 2017
Recognised in tax law
Best Lawyers, since 2014
Prashanth Kainthaje has a "highly innovative and very detailed approach" and ability to "keep all the various perspectives in mind"
Chambers Asia-Pacific

Career & qualifications

Qualifications

  • Bachelor of Economics, Macquarie University
  • Bachelor of Laws, Macquarie University
  • Master of Laws (Native Title), University of British Columbia
  • Master of Laws (Tax), University of Sydney

Memberships

  • Law Society of New South Wales

 

Insights Read more insight

Federal Budget 2021

In this special Insight we bring you the key taxation measures announced by the Treasurer, the Hon. Josh Frydenberg, in the 2021-22 Australian Federal Budget on Tuesday 11 May 2021.

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Federal Budget 2020 Insights

This year’s budget was always going to be shaped by the devastating impact on the Australian economy of recent natural disasters (bushfires, floods and drought) and the global COVID-19 pandemic...

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GLI: Corporate Tax 2020

Partners Andy Milidoni and Prashanth Kainthaje have written the Australian chapter for the eighth edition of Global Legal Insights: Corporate Tax 2020. 

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