TBF3491

International taxation

Mr Wayne Gumley

6 points
* 3 hours per week
* Caulfield
* Prerequisite: TBX3931

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.

Assessment Either assignment (3000 words): 30%
* Examination: 70%
* or examination (3 hours, open-book): 100%

Prescribed texts

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