Legislative and judicial refinement of the income tax base 700
Not offered in 1995
One 2-hour seminar weekly over 13 weeks
This subject explores the relationship between traditional judicial and recent legislative initiatives to refine the income tax base. The focus is on the impact of tax law changes on ordinary commercial and family transactions. Tax minimisation arrangements will be analysed in terms of their underlying legal and economic structures and the effect recent judicial initiatives and statutory changes have had on them. The subject contents are continually updated to take into account recent legislative changes and policy announcements. Typical topics might include income assignments; the taxation of incentive payments; amortisation of intangibles; debt defeasance and cancellation of indebtedness.
Assessment
Take-home examination: 40% * Research paper(6000 words): 60%