Comparative Tax (LAW-746-001)
Pike
Meets: 01:30 PM - 02:50 PM (MW) - Room 500
Enrolled: 17 / Limit: 20
Notices
Prerequisite: Federal Personal Income Tax (LAW-647). In addition to the Ault text available at the bookstore, the following texts are assigned for the semester. Free (!!!) PDF versions of these texts are available on the Course Materials section of the My.WCL site for this course. Thuronyi, Tax Law Design and Drafting (Volume 2) International Monetary Fund. Hussey and Lubick: Basic World Tax Code and Commentary.
Description
This seminar will examine selected tax issues using a comparative law approach. Although the precise topics may vary from semester to semester, the basic outline for the course is as follows: I. Selected Issues Arising Under an Income Tax A. General Approach: Global or Schedular B. Inclusions in the Tax Base 1. Employee fringe benefits 2. Gifts and Gambling 3. Treatment of Capital Gains and Losses C. Deductions 1. Limitation on losses 2. Methods of depreciation II. Taxation of Business Enterprises A. Overview of Corporate Tax systems and Distributions B. Overview of Partnership Taxation III. International Taxation A. Basic Approach B. Relief of Double Taxation C. Source Taxation IV. Selected Issues Arising Under a Value Added Tax This seminar will examine selected tax issues using a comparative law approach. This approach will reveal the range of policy choices that are used to address important structural issues of taxation. Among the topics to be discussed are: fringe benefits and depreciation under an income tax; the general approach to taxation of business enterprises; selected issues arising in connection with international taxation; and the Value Added Tax.
Textbooks and Other Materials
The textbook information on this page was provided by the instructor. Students should use this information when considering purchases from the AU Campus Store or other vendors. Students may check to determine if books are currently available for purchase online.
First Class Readings
For Monday's class, prepare the following materials: INTRODUCTION: Basic World Tax Code and Commentary pp. 1-11, 23-27, 29-30 (in Table of Contents, Introduction). Tax Law Design and Drafting ( TLD&D ) pp. xxi-xxxv (PDF: Preface pp. 1-15). Schedular Versus Global Income Taxes: Comparative Income Taxation ( CIT ) pp. 167-170; TLD&D pp. 495-500 (PDF: Individual Income Taxation pp. 1-6).