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Advanced Topics in Taxation - LAWS3059

Faculty: Faculty of Law

School: Faculty of Law

Course Outline: See below

Campus: Sydney

Career: Undergraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 3

Enrolment Requirements:

Pre-requisite: Elements of Income Tax Law (LAWS3147/JURD7351) Co-requisite: Business Entity Taxation (LAWS3058/JURD7458).

Equivalent: JURD7459

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.

Description

This course deals with some advanced income tax topics and other important taxes relevant to business. These include offshore taxation, tax planning, ethics and tax avoidance, tax procedure (administration and litigation), stamp duty and the tax treatment of retirement income. It is directed towards students contemplating a career in tax law in government, accounting or commercial law practice.

Recommended Prior Knowledge

Pre-requisite: LAWS2051 or LAWS3147 Elements of Income Tax Law
Co-requisite: LAWS3058 Business Entity Taxation

Objectives

A candidate who has successfully completed this course should be able to:

Understand and explain the taxation of offshore transactions, the operation of the Goods and Services Tax and stamp duty and the taxation of retirement income
Be aware of the ethical and practical issues surrounding tax avoidance
Advise clients on dealings with the Australian Tax Office
Demonstrate awareness of tax policy issues relevant to business

Main Topics

Offshore Taxation
- The general framework of internationalTaxation
- Taxation of residents
- Taxation of non-residents
- The role of Tax Treaties

Tax planning, ethics and avoidance
- Planning and ethics
- The general anti-avoidance provision

Tax Procedure
- Dealing with the tax administration
- Tax litigation

Stamp Duty

Taxation of financial transactions

Retirement income
- Taxation of Superannuation entities
- Taxation of retirees

Teachers:

Philip Burgess, UNSW (former Associate Professor and currently Senior Visiting Fellow)

Assessment

Mid-session take-home (on offshore taxation) - 50%
End of session essay or assignment - 50%

Course Texts

Prescribed

Cooper Krever & Vann Commentary and Materials on Income Taxation, Thomson Reuters 6th edition 2009. NB: Philip Burgess is a co-author, but not the principal author, of this book.
Fundamental Tax Legislation (Thomson Reuters) or CCH Core Tax Legislation CCH Australia Ltd (2010 annual volume)

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