Monash University Handbook 2010 Postgraduate - Unit

Synopsis

This unit covers the main taxation rules that affect corporations and their shareholders. In particular, the unit focuses on the following topics:

• Taxation treatment of corporate distributions (eg dividends, non-share dividends and capital payments)
• Operation of the imputation system
• International aspects of corporate taxation (eg withholding tax and the foreign tax credit systems)
• Taxation consequences of share buy-backs and capital reductions
• Taxation issues arising from corporate reorganisations (eg takeovers, demergers, liquidations and consolidations).

Objectives

On completion of this unit students will have developed an understanding of the major issues relating to the taxation of corporations and shareholders.

Assessment

Class participation 10%; Final examination (3 Hours) 90%