Associate Professor Les Nethercott and Mr Grant Richardson
6 points · Two 1-hour lectures and one 1-hour tutorial per week · Second semester · Clayton · Prerequisites BTC3150 or BTC3153 and AFC2140
Objectives On completion of this subject, students should be able to integrate tax issues into a diverse range of business decisions. In particular, students should understand and be able to apply their knowledge and skills in the taxation of foreign source income and foreign investment funds; the use of tax-effective business structures for international operations; the subjects of transfer pricing and thin capitalisation; the importance of tax in the valuation of companies and projects; the effect of tax on dividend and capital structure decisions; the tax implications arising from business reorganisation; and the impact of tax on financial instruments.
Synopsis This subject covers the design of tax-effective business structures for international operations; the subjects of transfer pricing and thin capitalisation; the importance of tax in the valuation of companies, including incorporating tax in cash flow estimates and the cost of capital; the tax implications arising from the restructuring of business; the impact of taxation on the design, trading and valuation of financial instruments; and advanced capital gains tax issues in relation to business structures.
Assessment Written assignment and case studies: 20% · Examination (3 hours): 80%
Prescribed texts
Cates S Tax aspects of corporate restructuring LBC,
latest edn
Peirson C G and others Business finance McGraw-Hill, latest edn
Scholtz W Australian corporate taxation LBC, latest edn
Woellner R H, Vella T J, Burns L and Barkoczy S Australian taxation law
CCH, latest edn