BTF5250 - Anti avoidance rules and financial transactions

Leader: Dr Bill Orow

Offered

Caulfield First semester 2007 (Evening)

Synopsis

This unit examines the operation of anti-avoidance rules such as Part IVA, dividend and trust stripping rules, capital and dividend streaming rules and taxation issues that relate to financial transactions such as borrowing, equity/capital raising and leasing.

Objectives

The learning goals associated with this unit are to:

• explain the concepts and principles employed to deal with tax avoidance;
• explain the common law doctrines such as sham and form v substance
• explain the general anti avoidance rule as contained in part IVA of the Income Tax Assessment Act 1936 (Cth);
• identify dividend stripping, franking credit trading capital and dividend streaming and substitution and other rules
• identify developments, statutory and judicial, pertaining to anti avoidance rules and principles.

Assessment

Research paper (6000 words): 40%
Examination (Take home): 60%

Contact hours

Three hours per week on-campus and/or intensive mode over summer (both 39 hours in total).

Prerequisites

BTX5651

Prohibitions

BTF4570, BTF4680, BTF5550, BTF5560, BTF4250