BTC3250

Financial aspects of business taxation

(BUS)

Mr Grant Richardson and Mr Wayne Gumley

6 points + 2-hour lecture and 1-hour tutorial per week + Second semester + Clayton + Prerequisites BTC3150 or BTC3153 and AFC2140

Synopsis: 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%