As the article rightly states putting a professional services business into VA would not be a very good decision and lead to incredible value destruction.
I don't believe your point on tax relief from the 1H16 non-cash impairments is correct. Impairments of goodwill (which generated the majority of the 1H16 impairment charges) are not tax deductible. If such charges were tax deductible there would have been a significant movement in the deferred tax account balances on the B/S at Dec-15 - there weren't.
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Slater & Gordon looks to be winning over its bankers, page-103
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