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International Financial Centres - ATAX0417
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Faculty: Faculty of Law
 
 
School:  Australian School of Taxation
 
 
Course Outline: See below
 
 
Campus: ATAX Campus
 
 
Career: Postgraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.125 (more info)
 
 
Contact Hours per Week: 0
 
 
Enrolment Requirements:
 
 
Restricted to students enrolled in Programs 9250 or 9260 or 9255
 
 
Fee Band: 2 (more info)
 
 
Further Information: See Class Timetable
 
 

Description

This course examines the use of international financial centres for the purpose of conducting specific transactions such as captive insurance activities, in-house banking functions and in-house royalty arrangements. Countries considered include the USA, UK, Singapore and the Netherlands and more exotic locations such as the Cook Islands, Cayman Islands and the British Virgin Islands.Australian responses such as CFC/FIF measures and the application of Part IVA will be considered.Materials will be provided through an association with the Institute for Advanced Studies based in Europe.


Course Objectives

- To engage students in discussion so as to understand taxpayer motivations in using Financial Centres.

- To appreciate the key centres and the characteristics they have which make them attractive.

- To undertake a selected examination of key centres: Singapore, the Bahamas, Barbados, the Cook Islands, and the Channel Islands.

- Understand the tax principles involved in the use of Financial Centres through application to:
  • captive insurance companies
  • royalty warehousing companies.
For information on course modules and learning outcomes click here.

Modes of Delivery

Flexible Learning

Assessment

Graduate Diploma in Advanced Taxation
Assignment 1 2000 words 20%
Assignment 2 2000 words 20%
Final Examination Open book 60%

Master of Taxation, Master of Applied Tax, Master of International Tax
Research Paper 5000-6000 words 40%
Final Examination Open book 60%

Pass Requirements

  • 50 per cent or more of the total marks available in the course and
  • at least 40 per cent of the marks available for the final examination in the course.

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