RMIT University - LAW2471: Taxation Law and Practice

LAW2471: Taxation Law and Practice aims to provide you with a sound understanding of the principles of taxation in relation to income tax for individuals and trading entities. It will further develop legal skills in reading, understanding and applying complex and dynamic legislation, case materials and taxation rulings. This involves development of your ability to analyse legal problems and to express ideas in a precise manner. These skills, together with the appropriate legal knowledge are essential for accountants and other business professionals. While aspects of legal knowledge are continually changing, the development of generic skills and will enable such business professionals to keep abreast of changes in the law and be able to provide appropriate advice.

✔ (Summary) Learning Outcomes:

• describe the role and purpose of ITAA 1997 and ITAA 1936 and consequences for different taxpayer entities;

• apply the underlying principles of taxation laws to various situations involving different taxpayer groups to provide and advice;

• research academic journals to integrate new insights to complex real-world problems and policy issues;

• identify and evaluate social and political aspects of taxation and how these relate to tax reform;

• have the ability to select the most appropriate taxation laws that may apply in any given situation with a view to providing tax advice.

COURSE CODE

COURSE NAME

ACCT1046

Accounting in Organisations and Society

ACCT1048

Financial Accountability and Reporting

ACCT1060

Managerial Advisory Finance

ACCT1064

Cost Analysis and Organisational Decisions

ACCT2033

Financial Accounting and Analysis

BAFI1002

Financial Markets and Institutions

BAFI1008

Corporate Finance

BAFI1018

International Finance

BAFI1026

Derivatives and Risk Management

BAFI1042

Equity Investment and Portfolio Management

BUSM4176

Introduction to Management

ECON1010

Macroeconomics 1

ECON1020

Prices and Markets

ECON1030

Business Statistics 1

ECON1048

Managerial and Business Economics

ECON1061

Forecasting and Quantitative Analysis

ECON1066

Basic Econometrics

LAW2442

Business Law

LAW2471

Taxation Law and Practice

MATH2204

Time Series and Forecasting

MKTG1025

Marketing Principles