730-418 Business Taxation

Legal Method and Reasoning; Principles of Public Law; Torts; Legal Theory, Taxation or in each case their equivalents. Students will find it useful to have completed or be doing concurrently Corporate Law and Equity.

Principles of Business Taxation will build on the core principles of Taxation in a business context. Topics covered will include the principles and policy relating to:

• business tax receipts and deductions;

• taxation of business assets trading stock, depreciable assets, revenue and capital assets of a business;

• Taxation of entities used for business and commercial activities, including partnerships, companies and trusts;

• business tax planning, ethics and anti-aviodance;

• other taxes affecting business.

A one-hour open-book in-class test 20% (part way through semester) and a final examination three hours 80%. Where the mark for the final examination as a percentage is higher than the mark for the assignment as a percentage, the mark for the subject will be the percentage mark for the examination.

• Deutsch, Fundamental Tax Legislation. (ATP, 2006), with CD-rom (or equivalent).
• Kobetsky, O'Connell, Stewart, Income Tax: Text Materials and Essential Cases. Federation Press, 2005, 5th edition.