LAWS6825 - The Impact of Taxation on Business Structures & Operations

Objectives

Examine the basic elements of Australia’s income tax (including fringe benefits tax and capital gains tax) and analyse their impact on the operations and structuring of businesses.
Gain a a sound basic understanding of the operation of the Australian income tax law for business,whether conducted directly or via a partnership, trust or company; the ability to apply Australian tax law to a broad range of common commercial transactions, and an awareness of the commercial consequences of the Australian income tax rules on a range of common domestic commercial transactions.
Develop the ability to recognise common income tax issues which would arise in domestic and international commercial transactions; an awareness of the commercial consequences of the Australian income tax rules on a range of common international The Impact of Taxation on Business Structures & Operations – LAWS 6825 trans-actions; an awareness of the impact of tax law and tax outcomes on decision-making by businesses operating in, into or from Australia.

Content

The main elements of the tax system; assessability of business revenue; treatment of business costs; timing rules for revenue and expense recognition; trading forms, capital raising and cost of servicing invested capital and cross-border issues.

Session

Semester 1 Intensive
12-14 & 17-18 May 2010

Semester 2 2010
Thursday Evenings, 6-8pm

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

Assessment

1x 3,000 Word Assignment (30%)
1 x Exam (70%)

Textbook

Current income tax legislation

Courses this unit is available in

Sydney Law School