Manager Management

HYDAR AL AMMAR, CA

First name: Hydar

Surname: Al Ammar

Phone: 917-***-****

Email: *****.*******@*****.***

CAREER EXPERIENCE

February 2007 - Present

KPMG Sydney, Australia: Corporate Tax Manager (due for promotion to Senior

Manager in October 2014)

Consistent high ratings at KPMG (including gaining early promotion to Senior

Consultant)

Transaction / M&A based services (representing approximately 60% of my

time):

I have been involved in a number of large transaction based work dealing

with mergers and acquisitions of listed entities, Australian private

entities and overseas inbound investments. Key responsibilities

include:

. Overall transaction coordination for major transactions often

involving numerous parties (e.g. Legal team, Financial Accountants,

Investment Bankers and internal stakeholders). This would also

include managing overall project timeline and budget management and

reporting for the client.

. Preparation of tax due diligence reports including coordination of

virtual data rooms, queries to the Vendor and discussions with

internal and external stakeholders. This would also involve the

review of previously lodged income tax returns for key issues and

positions taken, tax profiling and potential implications for the

purchaser upon acquisition.

. Presenting our findings to various parties including the Boards of the

Buyer and Seller, legal and financial firms, and investment bankers as

well as coordinating and running regular internal KPMG status update

meetings.

. International tax structuring / planning to ensure foreign

subsidiaries are not adversely impacted by the transaction including

consideration of the transfer pricing implications.

. Reviewing key agreements including Sale and Purchase Agreements (both

from a tax perspective and an overall review to ensure the mechanics

of the Agreement are appropriate for the Buyer and Seller).

Consideration of asset vs. share acquisition scenarios, funding

options (e.g. debt vs equity funding), cross border structuring

(including liaising with KPMG offices in foreign jurisdictions and

preparing effective tax rate calculations under each proposed

structure).

. Determining the tax implications of the proposed transaction on

existing shareholders including considering whether any relief is

available (e.g. rollover relief rules or Double Tax treaty relief).

. Reviewing the financial model to determine whether the tax assumptions

contained in the model are appropriate and reasonable.

Key transactions include acting on behalf of a potential buyer of an

interest in the Northparkes copper mine from Rio Tinto Ltd (global

mining company) valued at US$820M and acting on behalf of Adani

Enterprises (Indian based Energy company) on its acquisition of coal

interests from Linc Energy (Australian based mining company) for US$1B.

Income tax advisory (representing approximately 20% of my time):

Preparation of specific tax advice to clients on an ad-hoc basis. Key

responsibilities include:

. Communicating with the client to understand the issue at hand, the

facts and circumstances that impact the issue and the desired outcome

that the client would like to achieve.

. Tax technical research of past Court cases, rulings / determinations

as released by the Australian Taxation Office to determine precedence

which helps support our argument.

. Consideration of foreign jurisdictions including transfer pricing

implications to ensure all foreign subsidiary entities are treated

appropriately.

. Consideration of the impact on any potential shareholders including

capital management strategies such as on and off market share

buybacks, capital reductions and the repatriation of profits including

associated impact on existing resident and non-resident shareholders.

Key advice prepared include overseeing the preparation of FIN48 and NOL

(section 382 study) advice including discussions with KPMG US colleagues

and presenting advice to Senior Management of the client, tax

structuring/planning for nearmap ltd (Australian software company)

expanding operations to the US (including consideration of Federal/State

tax and Transfer Pricing implications) and various advice on capital

management strategies (share buy-backs, repatriation of profits).

Income tax compliance (representing approximately 20% of my time):

. Preparation / review of both large tax consolidated and stand-alone

income tax returns.

. Tax provision review work as part of the year end (or half year end)

reporting process for audit, including consideration of deferred tax

balances and income tax expense/benefit:

. Preparation of information requests as part of tax office risk audits

including ongoing communication with tax authorities.

Energy / Natural Resources clients: Xstrata Plc, Rio Tinto Ltd, Sumitomo

Corporation, Downer EDI, Leighton Holdings, Asciano Group.

Consumer / Retail / Pharmaceutical clients: Mitsubishi Electric

Australia Pty Ltd, Panasonic Australia Pty Ltd, Roche Products Pty Ltd,

Diva International Group.

Industrial / Infrastructure clients: Transfield Services, Bilfinger

Berger Project Investments, Versacold Australian Holdings.

December 2004 - December 2006

Allworths Chartered Accountants, Sydney (Part time work experience)

. Preparation of individual, trust, partnership tax returns and

preparing filenotes on key tax issues.

. General day-to-day assistance to the Managers/Partners as required

including research into key tax issues / developments.

EDUCATION

University of Technology, Sydney (UTS), Australia.

Bachelor of Business - Double Major in Accounting and Finance (2006)

Institute of Chartered Accountants Australia (ICAA)

Completed the Chartered Accountants program (2009)

Achieved Merit Award (top 10% in Australia) in Chartered Accountants module

SKILL SUMMARY

. Microsoft Excel / Word / PowerPoint - Advanced

. N-Able, CCH Global Integrator and Solution 6 tax return preparation

software - Intermediate / Advanced

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