LAWS6125 - Taxation of Financial Transactions

Objectives

• Understand the policy for the taxation of financial transactions in Australia, including reform proposals such as TOFA.
• Learn the detailed tax rules applicable to financial transactions in a domestic and international setting.
• Apply the rules to common forms of innovative financial instruments including forward and futures contracts, derivatives instruments, various forms of corporate financing including preference share financing, convertible notes and leasing.

Content

Characterisation of returns on instruments (capital/revenue); timing of income and deductions; tax treatment of funding and debt-related derivatives, foreign exchange and forex derivatives, preference share financing, and leasing; international tax issues including withholding tax; overseas comparisons; and analysis of reforms such as TOFA.

Assumed Knowledge

LAWS6825 recommended for candidates who are not working in tax area and have not taken a UG tax unit in Australia in the last 5 years

Session

Semester 1 2009
Monday Evenings, 6-8pm

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

Assessment

• Classwork (30%)
• 1 x Exam (70%)

Courses this unit is available in

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