TBF4480

International tax

Mr Wayne Gumley

6 points
* 3 hours per week
* Caulfield

Objectives On completion of this subject students should be able to identify and analyse the income taxation issues arising from typical business and private transactions having international aspects.

Synopsis Topics include 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 (5000 words): 50%
* Examination (3 hours, open book): 50%
* or examination (3 hours, open-book): 100%

Prescribed texts

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