Taxation for Business Decision Making

This subject has the following teaching availabilities in 2016:

Estimated total time commitment of 120 hours per semester

ACCT90015 Legal Issues for Accountants

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://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.

• 3000 word assignment due late in semester (30%)
• 3-hour open book end-of-semester examination (70%)

Note: Satisfactory completion of this subject requires a pass (50%) in the end-of-semester examination.

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.