International tax
Mr Wayne Gumley
6 points * 3 hours per week * First semester * Caulfield, Taxation offices, In-house
Objectives On completion of this subject students should be able to identify and analyse the income taxation issues arising from typical business and private transactions having international aspects.
Synopsis Residence; source; withholding taxes; foreign tax credit system; tax havens; double tax treaties; thin capitalisation; foreign income exemptions; foreign source dividends; transferor trusts; controlled foreign companies; foreign investment funds; foreign tax systems.
Assessment Either Assignment (3000 words): 50% * Final examination (open-book 3 hours): 50% or Final examination (open-book 3 hours): 100%
Prescribed texts
Income Tax Assessment Act 1936 (Cwlth)
Income Tax (International Agreements) Act 1953 (Cwlth)