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Course

Taxation of Corporate Finance - ATAX0307

Faculty: Australian School of Business

School: Australian School of Taxation and Business Law

Course Outline: ATAX0307 Course Outline

Campus: ATAX Campus

Career: Postgraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 0

Enrolment Requirements:

Restricted to students enrolled in Programs 5540, 5272, 7270, 5273 or 7273

Excluded: ATAX0407, ATAX0507

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.

Description

In this course you will be exposed to corporate finance concepts, as well as an in-depth examination of core tax law issues in the area, such as debt financing and timing. The course is based on a problem centred approach. The analysis of hard rules will be supplemented by exposure, in the context of practical problems, to some of the hard underlying questions which are, increasingly, on the agenda. The course will encourage you to exercise your critical faculties and to penetrate the key drivers.


Recommended Prior Knowledge

ATAX0303 Taxation of Corporations:
Students without this prior knowledge may find that they need to take steps to ensure adequate understanding of the related area. Note: as some area of tax law are interrelated in some courses, we recommend that students either have prior knowledge of the related area or study another course in that area concurrently.

Course Objectives

The objectives of the course are to equip you, as a tax professional, with the necessary skills to analyse, and advise, concerning the taxation treatment of a range of financial products and structures. Because many of the existing rules are inappropriate, the course sets up an analytical framework from which a reasoned and efficient response to innovative products may be developed. An understanding of the financial framework in which the rules operate is vital to your understanding of the tax issues, and the course integrates this material with more traditional legal sources to produce a 'law in context' understanding of this critical taxation area.

Main Topics

  • The fundamentals, particularly the rules relating to the deductibility of interest expenses
  • The characterisation of debt and equity instruments
  • Tax on debt: Taxation of Financial Arrangements including the reform programme
  • Leasing and hire purchase: asset and project financing
  • Structured financial products

Course Texts

Textbook lists for ATAX courses will be available from the UNSW Bookshop from 1 February for Semester 1 courses and from 1 July for Semester 2 courses.
Library

Study Levels

Undergraduate Study Postgraudate Study Postgraduate Research Study Non-Award Study

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