MONASH UNIVERSITY FACULTY HANDBOOKS

Business & Economics Handbook 1996

Authorised by Academic Registrar, April 1996

FIN3491

International taxation

Not offered in 1996

Mr Wayne Gumley

Objectives On completion of this subject students should have a general understanding of the income taxation issues arising from a range of 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% + Examination: 50% + or + Examination (3 hours, open-book): 100%

Prescribed texts

• Income Tax Assessment Act 1936 (Cth)
• Income Tax (International Agreements) Act 1953 (Cth)