Subjects 2009
Corporate Taxation B (Companies and Consolidation) 730608
- Credited Courses: Graduate Diploma in Corporations and Securities Law 538; Graduate Diploma in Legal Studies L08; Graduate Diploma in Tax 187; Graduate Diploma in Transnational Law 333; Master of Commercial Law 504; Master of Laws (LLM) 502; Master of Tax 742
Prerequisite
Successful completion of Corporate Taxation A (Shareholders, Debt and Equity) or significant tax professional experience. Corporate Taxation A (Shareholders, Debt and Equity) has a focus on corporate tax issues at the shareholder level.
Objectives
A student who has successfully completed this subject should:
- Have an understanding of the detailed rules and current practical problems involved in the taxation of companies at the company level, with most emphasis on company losses
- Have a detailed knowledge and understanding of the rules for the taxation of consolidated corporate groups
- Understand the policy and issues underlying taxation of corporate groups.
Syllabus
This is an advanced subject consisting of a detailed examination of the tax rules applied to companies with a focus on company losses and the taxation of consolidated corporate groups in a domestic setting in Australia. Principal topics will include:
- Part 3-90 of the Income Tax Assessment Act 1997 (Cth) on taxation of consolidated corporate groups, including:
- Tax cost setting on entry and exit from a group Single entity rule
- Losses
- Tax sharing agreements
- Treatment of company losses and loss integrity rules for companies and consolidated groups in Divisions 165 and 166 of the Income Tax Assessment Act 1997 (Cth)
- Other tax rules relating to companies, including imputation and corporate rollovers focusing on their interaction with the consolidated group and company loss regimes.
Prize
The BJ Shaw Law Prize is awarded to the student ranked first in this subject.
