Sad But True: “Nothing Else” matters in Australian restructuring relief case

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Sad but true: Andy Bubb wrote about an Australian tax case on LinkedIn where an Australian taxpayer is forced to apply rollover relief as the restructuring just put a new holding company on top of the existing structure and “nothing else”. So, Andy concludes that Metallica was right all these years and “nothing else” matters.

After a struggle within, this was the restructuring that failed. I don’t know who advised this structure, but they might be unforgiven, unless they disagree with the judgement and take a “holier than thou” attitude and bond with their client as “friends in misery”.

Anyway, it’s getting late in Australia now, so it’s time to enter the Sandman, go up to Never-Neverland (through the never).

Obvious disclaimers: this is not advice. These views are my own and do not necessarily represent my employer.

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