Taxation of International Business is an elective subject in undergraduate programs offered by the Faculty of Law. This subject considers jurisdiction to tax and the Australian taxation of overseas business transactions, international financial transactions and investment, with special emphasis on the Asia-Pacific region.
Changes due to Commonwealth Games: The University has marginally altered the timetable for the January semester of 2018 (181) to ensure that students have the opportunity to engage with the Commonwealth Games to be held in April 2018. The modified timetable has been designed to not impact on overall subject or program learning outcomes. Some subjects may be delivered in a slightly modified mode to accommodate the change. Specific arrangements will be included on the iLearn site for each subject. All changes to the class schedule have the full approval of University and Academic Unit administration and will not adversely affect student learning or assessment.
|Academic unit:||Faculty of Law|
|Subject title:||Taxation of International Business|
Delivery & attendance
|Attendance and learning activities:||There will be 11 seminars in the 181 semester. Attendance and participation will be monitored and students who fail to attend at least 80% of seminars will be refused assessment. Seminars build on the work of the previous session. It is extremely difficult to recover if you miss a seminar.|
|Prescribed resources:|| |
|[email protected] & Email:||[email protected] is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.|
To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au
There are no co-requisites.
This subject is not available as a general elective. To be eligible for enrolment, the subject must be specified in the students’ program structure.
Assurance of learning
Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.
At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.
Program Learning Outcomes (PLOs)
Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.
Subject Learning Outcomes (SLOs)
On successful completion of this subject the learner will be able to:
- Understand and apply the basic principles governing key areas of international business taxation.
- Gain unique insights into current high level decisions in the international tax arena through seminars where key players in international tax share their current international tax issues and ongoing practical application of tax strategy.
- Reflect on seminars and record their individual responses, demonstrating analysis and critical thinking.
- Showcase their initiative, critical thinking, analysis and writing skills as well as learning outcomes through the selection of a current international tax topic of their choice (after obtaining consent of the coordinator), writing a substantial individual publication standard paper on this topic.
|*Class Participation||Seminar attendance and participation.||20%||Ongoing||1, 2.|
|Journal-Learning Log||Reflective Journal of 5,400 words, 600 words each reflection on the first 9 seminars. To be submitted on Monday 19 March 2018, week 10.||20%||Week 10||1, 2, 3.|
|*In-Class Quiz - Individual||Compulsory multiple choice open book quiz in the final seminar; Students will have the option of including their quiz mark OR writing an additional 1,000 words for their approved written assignment.||10%||Week 10||1.|
|Essay||Written Assessment - individual Taxation of International Business Topic - 5,000 words. Please note: individual topics are to be selected by students, but these must be officially approved by the subject coordinator by Wednesday, of week 8 (7th March 2018) in order to be assessed. Assignments must be submitted by Thursday 29 March 2018, week 11.||50%||Week 11||1, 2, 4.|
- * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
|High Distinction||85-100||Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking.|
|Distinction||75-84||Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas.|
|Credit||65-74||Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above.|
|Pass||50-64||Usually awarded to students whose performance meets the requirements set for work provided for assessment.|
|Fail||0-49||Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines.|
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Students must check the [email protected] subject site for detailed assessment information and submission procedures.
Policy on late submission and extensions
A late penalty will be applied to all overdue assessment tasks unless an extension is granted by the subject coordinator. The standard penalty will be 10% of marks awarded to that assessment per day late with no assessment to be accepted seven days after the due date. Where a student is granted an extension, the penalty of 10% per day late starts from the new due date.
Policy on plagiarism
University’s Academic Integrity Policy defines plagiarism as the act of misrepresenting as one’s own original work: another’s ideas, interpretations, words, or creative works; and/or one’s own previous ideas, interpretations, words, or creative work without acknowledging that it was used previously (i.e., self-plagiarism). The University considers the act of plagiarising to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.
Feedback on assessment
Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.
If you have a disability, illness, injury or health condition that impacts your capacity to complete studies, exams or assessment tasks, it is important you let us know your special requirements, early in the semester. Students will need to make an application for support and submit it with recent, comprehensive documentation at an appointment with a Disability Officer. Students with a disability are encouraged to contact the Disability Office at the earliest possible time, to meet staff and learn about the services available to meet your specific needs. Please note that late notification or failure to disclose your disability can be to your disadvantage as the University cannot guarantee support under such circumstances.
The importance of tax considerations in International Business. Key issues: The Global marketplace; Globalisation; The Multinational Enterprise; Tax systems are based on Sovereignty.
Understanding Double Tax Agreements; The Singapore-Australia DTA; The OECD Model; Methods for the Elimination of Double Taxation; Function of DTAs; Mutual Agreement Procedure; Key principles used in Agreements; Singapore-UK DTA.
The UK-Australia DTA; The importance of Transfer Pricing in the 21st century; What is Transfer Pricing? Changes in the last two decades; The arm's length principle; Transfer Pricing in Australia;
Transfer pricing: latest cases and issues; Methodologies, documentation and penalties.
The need for an increased focus on APAs to resolve issues arising out of international transfer pricing.
Unilateral, bilateral and multilateral agreements; advantages and disadvantages.
Interactive questions on weeks 1-6; APAs in practice.
CFC rules; Application of the CFC regime; unlisted & listed country CFCs; FITOs; Thin capitalisation debt/equity rules; why debt financing is preferable to equity financing.
Tax havens - illustrations; The Global Forum on Transparency and Exchange of Information for Tax Purposes; How the ATO combats tax havens.
Quiz in class, and evaluation of quiz answers; final wrap-up.
Tax Havens in Practice; assessment tips.