MPAC605-14T3 (C) Term Three 2014

Taxation

15 points

Details:
Start Date: Monday, 21 July 2014
End Date: Sunday, 28 September 2014
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Friday, 1 August 2014
  • Without academic penalty (including no fee refund): Friday, 5 September 2014

Description

Covers concepts of the taxation system and its administration in New Zealand. Creating the ability to critically analyse, manage and apply taxation requirements within a professional accounting career.

The course considers taxation in New Zealand, including the tax system and its administration. Important concepts such as “residence”, “source” and “income” will be reviewed.

Different forms of taxation, including the goods and services tax as well as the taxation of different entities such as companies and trusts will also be considered.

The course will examine the general anti-avoidance rule and recent case law development, the Commissioner of Inland Revenue’s information gathering powers as well as the dispute resolution process.

Learning Outcomes

  • At the end of this course, students will be able to:

  •  Identify and describe the fundamentals of tax determination for individuals and business organisations
  •  Demonstrate an understanding of  the process required to determine the net income  for individuals and business organisations
  •  Explain various types of taxation such as fringe benefits tax and goods and services tax
  •  Contrast the different approaches to taxing entities such as companies, partnerships and trusts
  •  Evaluate whether a particular arrangement or transaction constitutes tax avoidance
  •  Discuss the dispute resolution process and describe the Commissioner of Inland Revenue’s key information gathering powers and limits on those powers
  •  Critically evaluate the appropriate penalties applicable to a tax shortfall and other forms of noncompliance
  •  Demonstrate an understanding of aspects of International Taxation including FIFs and Transfer Pricing

Prerequisites

Subject to approval of the Director of Postgraduate Management Development

Assessment

Group project 30% (submitted Week 8)

Group facilitated discussion  10%

Weekly preparation 10% (typed, submitted by Monday, 12 noon each week)

Individual class participation 5%

Take-home exam 45% (submitted Week 11)

Note that aegrotats are not available for any item of assessment in this course without the prior approval of the EDP Director in consultation with the course Supervisor. Wherever possible and with the Course supervisor’s agreement, a replacement assessment will be sought in each case where a student has not been (with valid reason) able to submit or has been disadvantaged in some way.

Textbooks / Resources

Thomson Reuters New Zealand Taxation 2014: Principles, Cases and Questions.

Thomson Reuters New Zealand Taxation 2014 Legislation Handbook

Additional reading:

CCH New Zealand Master Tax Guide

Inland Revenue websites: www.ird.govt.nz; http://taxpolicy.ird.govt.nz/ (Policy Advice Division)

NZ Legislation: www.legislation.govt.nz

Additional reading may also be made available on LEARN.

Indicative Fees

Domestic fee $1,050.00

* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.

Minimum enrolments

This course will not be offered if fewer than 10 people apply to enrol.

For further information see Business Taught Masters Programmes .

All MPAC605 Occurrences

  • MPAC605-14T3 (C) Term Three 2014