Taxation for Business Decision Making

This subject is not offered in 2013.

Estimated total time commitment of 120 hours per semester

ACCT90015 Legal Issues for Accountants

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For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements for this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/

Topics include Australian income tax law and its application to the business environment; compliance with statutory and professional requirements in relation to taxation; the taxation of capital gains; fringe benefits tax; goods and services tax; superannuation and the application of taxation law to selected current issues; and ethics for tax practitioners.

On successful completion of this subject, students should be able to:

• Identify taxation issues that commonly arise;
• Apply Australian income tax (including capital gains tax), goods and services tax, superannuation and fringe benefits tax law to a range of situations;
• Explain key international taxation matters, including the concept of residency for tax purposes and the operation of Double tax Treaties;
• Explain ethical issues concerning Australian tax professionals.

• Assignment totalling not more than 3000 words (30%)
• 3-hour open book end-of-semester examination (70%)

You will be advised of prescribed texts by your lecturer.

This subject is not available as a breadth subject.

On successful completion of this subject, students should have improved the following generic skills:

• Synthesis of a range of information relating to key aspects of taxation in Australia particularly in relation to commercial transactions;
• Accessing data from a range of sources;
• Problem solving;
• Collaborative learning and team work;
• Critical thinking;
• Advocacy.