COMMLAW 3501 - Business Tax & GST

The objective of the course is to help students understand the tax law and the application of key types of business taxes including the goods and services tax. Topics covered are: Introduction to Business Taxes, including a review of business tax reforms; Taxation of Business Income; Capital Gains Tax Special Topics, including roll-over relief and the application of the Small Business CGT concessions; Business Tax Entity Issues, including taxation of entity distributions, treatment of losses and entity consolidations; International Tax Issues, including transfer pricing; Goods and Services Tax; Tax Avoidance, Penalties & Offences; Remuneration Taxes, including fringe benefits tax and superannuation; Tax Planning, including on buying and selling a business; Tax Agent Responsibilities; State Business Taxes, including land tax, payroll tax and stamp duties.