Mark Molesworth

Mark Molesworth

Partner, Tax

Corporate & International Tax

Financial Services | Technology, Media & Telecommunications

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Executive Summary

Mark is a Tax Partner with BDO in Brisbane. His legal and accounting training provides the basis for a comprehensive understanding of taxation laws. As a result, his clients benefit from accurate tax advice and solutions to their current and future business issues.

Having worked with clients across multiple sectors and borders, Mark has acquired a thorough knowledge of tax law and current trends in the tax arena. He has strong analytical skills, combined with excellent communication skills, and holds a reputation for providing practical solutions to clients’ needs and requirements with the goal of optimising the impact of tax provisions. He has particular expertise in income tax law, including the debt and equity provisions, income tax consolidation regime, CGT rollover relief and trust loss provisions. He undertakes prudential tax reviews and provides tax effective structuring to corporate groups, including public sector and not-for-profit entities.

Mark joined BDO’s tax team in 1998 as a graduate and was made a partner in 2006.   Mark is heavily involved in the financial services, technology, media and government sectors.

Services

  • Taxation compliance & advice
  • Income tax
  • Fringe Benefits Tax
  • Prudential tax reviews and due diligence
  • Taxation audits, rulings & litigation
  • Rulings and disputes
  • Corporate restructuring
  • International tax

Sectors

  • Listed companies
  • Public sector
  • Financial services
  • Technology & media

Key assignments

  • Advice in relation to CGT on corporate exit – Advice on the most tax efficient means by which to sell interests in a corporate group. Analysis of taxation outcomes on sale of partial interest and suggestion of alternatives to mitigate tax impost
  • Income tax consolidations – Assisting a large corporate group with the decision whether to elect to consolidate, including assessment of the consolidation on the group’s tax loss position
  • Prudential reviews of FBT – Review for internal audit purposes of the FBT compliance of large groups. Identification of misstatements and management of voluntary disclosure to the ATO
  • Structuring – Provided structuring advice in relation to the international operations of a medium sized Australian listed corporate entity, including liaising with our USA and Vietnamese offices to ensure comprehensive advice was provided

Qualifications

  • Bachelor of Commerce (Honours)
  • Bachelor of Laws (Honours)
  • Registered tax agent

Affiliations

  • Fellow, Chartered Accountants Australia and New Zealand
  • Chartered Tax Adviser, The Taxation Institute
  • Member of the Advisory Panel, Board of Taxation