US Corporate and International Tax

Subject LAWS70124 (2016)

Note: This is an archived Handbook entry from 2016.

Credit Points: 12.5
Level: 7 (Graduate/Postgraduate)
Dates & Locations:

This subject is not offered in 2016.

Time Commitment: Contact Hours: The total class time is between 24 and 26 hours.
Total Time Commitment:

The pre-teaching period commences four weeks before the subject commencement date. From this time, students are expected to access and review the Reading Guide that will be available from the LMS subject page and the subject materials provided by the subject coordinator, which will be available from Melbourne Law School. Refer to the Reading Guide for confirmation of which resources need to be read and what other preparation is required before the teaching period commences.

Prerequisites: None
Corequisites: None
Recommended Background Knowledge:

Applicants without legal qualifications should note that subjects are offered in the discipline of law at an advanced graduate level. While every effort will be made to meet the needs of students trained in other fields, concessions will not be made in the general level of instruction or assessment. Most subjects assume the knowledge usually acquired in a degree in law (LLB, JD or equivalent). Applicants should note that admission to some subjects in the Melbourne Law Masters will be dependent upon the individual applicant’s educational background and professional experience.

Non Allowed Subjects: None
Core Participation Requirements:

The Melbourne Law Masters welcomes applications from students with disabilities. The inherent academic requirements for study in the Melbourne Law Masters are:

  • The ability to attend a minimum of 75% of classes and actively engage in the analysis and critique of complex materials and debate;
  • The ability to read, analyse and comprehend complex written legal materials and complex interdisciplinary materials;
  • The ability to clearly and independently communicate in writing a knowledge and application of legal principles and interdisciplinary materials and to critically evaluate these;
  • The ability to clearly and independently communicate orally a knowledge and application of legal principles and interdisciplinary materials and critically evaluate these;
  • The ability to work independently and as a part of a group;
  • The ability to present orally and in writing legal analysis to a professional standard.

Students who feel their disability will inhibit them from meeting these inherent academic requirements are encouraged to contact the Disability Liaison Unit:


For more information:

Phone: +61 3 8344 6190

Subject Overview:

This subject provides an overview of United States (US) income tax rules for corporate and international transactions, with particular emphasis on rules that are relevant for Australians investing into the United States and for United States outbound investment into Australia. The subject will incorporate the latest developments in United States corporate and international tax reform. It will apply a case study approach to examine rules, regulations and administrative practices with relevance to crossborder business, including hybrid entities, United States tax treaties, portfolio international investment, foreign tax credit, controlled foreign companies and transfer pricing.

This subject will examine the corporate and international tax rules contained in the US federal Internal Revenue Code (Title 26 of the United States Code), together with regulations, cases, rulings and other documents produced by Treasury and the Internal Revenue Service (IRS).

Principal topics will include:

  • US corporate-shareholder tax fundamentals
  • Hybrid entities
  • International tax rules, residence, source
  • Cross-border portfolio investment
  • US tax treaties
  • Transfer pricing
  • Foreign tax credit
  • Thin capitalisation and cross-border corporate finance
  • Controlled foreign company (CFC) rules.
Learning Outcomes:

This subject provides a detailed understanding of US international tax rules for inbound and outbound investment, including:

  • Taxation of portfolio and business cross-border investment
  • Transfer pricing
  • Thin capitalisation
  • Cross-border mergers
  • The foreign tax credit
  • An introduction to the rules regarding controlled foreign corporations and foreign investment companies.

Take-home examination (100%)

Prescribed Texts:

Core subject materials will be provided free of charge to all students. Some subjects require further texts to be purchased. Details regarding any prescribed texts will be provided prior to the commencement of the subject.

Breadth Options:

This subject is not available as a breadth subject.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Links to further information:

This subject has a quota of 30 students. Please refer to the website for further information about the management of subject quotas and waitlists.

Related Course(s): Graduate Diploma in International Tax
Graduate Diploma in Legal Studies
Graduate Diploma in Tax
Master of Commercial Law
Master of International Tax
Master of Laws
Master of Public and International Law
Master of Tax

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