LAWS6030 - Corporate Taxation

Objectives

• Examine the tax rules applied to companies and shareholders in a domestic setting in Australia.
• Develop an understanding of the policies, detailed rules and current practical problems involved in the taxation of companies and shareholders and to explore why different solutions are used for these entities when compared to partnerships and trusts.
• Acquire an advanced understanding of the policies underlying Australia’s corporate tax system, as well as a detailed knowledge of the technical detail involved in the rules for the taxation of companies and their shareholders in Australia.

Content

The policy and problems of taxing companies and shareholders; incorporation, reorganisation,continuation and growing companies; taxation of company distributions and dealings with interests in companies, including liquidations and share repurchases; imputation, including dividends passing through partnerships and trusts; intercorporate dividends and debt equity classification, dividend stripping, redeemable preference shares, asset revaluation dividends, scrip lending, equity swaps and convertible notes; and value shifting.

Session

Semester 1 Intensive
3-5 & 8-9 March 2010

The timetable is subject to frequent changes. Please refer to the latest version of the Postgraduate Timetable.

Assessment

• Classwork (30%)
• 1 x Exam or Research Essay (70%)

Assumed Knowledge:

It is recommended that candidates who are not working in the tax area and have not taken an undergraduate tax unit in Australia in the past five years undertake LAWS 6825 - The Impact of Tax on Business Structures & Operations before enrolling in this unit. If in doubt, please consult the Taxation Program Coordinator.

Courses this unit is available in

Master of Laws | Graduate Diploma in Law | Master of Global Law | Master of Business Law | Graduate Diploma in Corporate, Securities and Finance Law| Master of Taxation | Graduate Diploma in Taxation