LAWS3751/JURD7751 Business Taxation

Lecturer: Ann Kayis-Kumar

How will this course be relevant in the future?

Although tax law might seem far removed from everyday lives, tax policies have a significant impact – both domestically and in the cross-border context. The provision of public services relies on the generation of sufficient tax revenue, and governments are increasingly faced with the competing objectives of remaining internationally competitive and encouraging foreign investment while also maintaining the integrity of their national tax bases.

Why does the subject interest you?

Beyond the intellectual challenge of navigating this constantly changing and evolving area, tax law is particularly interesting because it is a result of – and the ultimate expression of – both social policy and economic policy. The fundamental question underlying tax is: “Who is going to pay for the cost of government and civilised society and how are we going to get the money from them?

What is the course about?

This course provides a foundation in the key elements of Australia’s tax system, with an emphasis on their impact on businesses. It covers the following topics: the main structural features of the tax system; concepts of income; allowable deductions; tax accounting; taxation of partnerships, trusts and corporations; capital gains tax; fringe benefits tax; goods and services tax; and, anti-avoidance provisions.

Do you have any advice to give to students who are interested in taking this course?

This course qualifies as an accredited course under both the ICAA and CPA Australia membership requirements. It is designed to be particularly useful for students looking to embark on either a career in accounting or legal practice. As such, this course blends a comprehensive analysis of the relevant case law and statute with an element of tax calculations and a hearty dose of tax policy.