Subjects 2008
Corporate Taxation B (Companies and Consolidation) 730608
- Credited Courses: Graduate Diploma in Corporations and Securities Law 538; Graduate Diploma in Tax 187; Graduate Diploma in Transnational Law 333; Master of Commercial Law 504; Master of Laws by Coursework (LLM) 502; Master of Tax 742
Prerequisite
Successful completion of Corporate Taxation A (Shareholders, Debt and Equity) or significant tax professional experience
Objectives
A candidate who has successfully completed the subject should:
- Have an understanding of the policies, detailed rules and current practical problems involved in the taxation of companies and shareholders, particularly at the company level
- Have an advanced understanding of the policies underlying Australia’s corporate tax system
- Have a detailed knowledge of the technical detail of the rules for the taxation of companies and their shareholders in Australia, particularly at the company level.
Syllabus
The subject consists of a detailed overview of the principal tax rules applied to companies and shareholders in a domestic setting in Australia, with a focus on corporate tax issues at the company level. Students may also (but are not obliged to) complete Corporate Taxation A (Shareholders, Debt and Equity), which has a focus on corporate tax issues at the shareholder level, for a full coverage of corporate taxation.
Principal topics will include:
- Special rules applicable to calculation of taxable income of companies and consolidated groups
- Treatment of company losses and loss integrity rules for companies and consolidated groups
- Interaction of consolidation and imputation rules
- Value shifting between companies Scrip for scrip rollovers
- Tax cost setting and other issues on companies entering and exiting a consolidated group
- Tax sharing agreements.
