AirTrunk’s $20b auction the first big test of tax changes
The heat around the Macquarie-backed data centre group has so far papered over the questions raised by two tax changes – one legislated, one prospective.
We all love to say a lack of tax reform is holding back the economy. And it appears to have emerged as a hot-button issue inside the deal-of-the-year-in-waiting: AirTrunk.
Two changes – one legislated, one prospective – have bidders’ tax lawyers, accountants and financiers working overtime to ensure they have the most effective tax structure underpinning their binding offers when the hammer falls on August 27.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
