Taxation Theory, Practice and Law | My Assignment Tutor

Holmes InstituteHigher EducationUnit Outline Unit NameTaxation Theory, Practice and LawUnit CodeHI6028Core/ElectiveCoreLevelUndergraduate/PostgraduateCredit Points3Study PeriodYear2021Trimester1Duration1 trimesterPre-requisitesHI6027 Business and Corporate LawStudent Workload(hrs)Lecture1.5Tutorial1.5Other9 Staff Contact Details Staff memberPhoneEmailConsultationtimes*UnitCoordinatorDr Hemang [email protected] *Other consultation times by appointment only.Key Dates AssessmentTaskAssessment DescriptionPercentageWeightDue Date1Online Test25%Week 5 (19 April 2021)2Individual Assignment25%Week 9 (19 May 2021)3Tutorial Question Assignment50%Week 13 (14 June 2021) Unit DescriptionWelcome to HI6028 Taxation Theory, Practice and Law. This unit is designed to introduce students to thefundamentals of relevant legislation concerning taxation law and its application. The unit covers all majortopics underpinning the Australian tax system including income tax liability, residence & source, income,capital gains tax, fringe benefits tax, goods and services tax, deductions, capital write-offs & allowances,taxation of partnerships, trusts & companies, consolidated groups, transfer pricing, general anti-avoidanceprovisions and income tax administration.The unit equips students with a sound understanding of the principles and the practical aspects of AustralianTaxation Law in relation to income tax for individuals and other entities, and how to apply taxation principlesto real life problems. The emphasis is placed on a general and broad understanding of taxation law andpractices. Case studies are extensively used in the unit to further enhance the students to learn and developproblem solving skills.This unit is accredited by Chartered Accountants Australia and New Zealand and CPA Australia for coveringthe core areas of competencies for professional accountants. For further information, please check thefollowing website:Chartered Accountants Australia and New Zealand (https://www.charteredaccountantsanz.com/)CPA Australia (https://www.cpaaustralia.com.au/)Unit Learning OutcomesOn completion of this unit students will be able to:1. Analyse the structure of the tax system and identify the associated taxes in Australia2. Choose and interpret the relevant taxation legislations and case law to evaluate various scenarios.3. Apply the fundamentals of calculating the taxable income and tax payable for individuals andbusiness entities Synthesise tax information to develop solutions for income tax issues and effectively communicatethe solutions to a range of stakeholders.Unit Learning ResourcesPrescribed Textbook:Barkoczy, S., Foundations of Taxation Law 2021, 13th ed. Docklands, Victoria: Oxford University Press,Australia.Sadiq, K, Black, C, Hanegbi, R, Jogarajan, S, Krever, R, Obst, W, Ting, A, 2020, Principles of Taxation Law2020, Thomson Reuters (Professional) Australia Limited, AustraliaRecommended Readings:Barkoczy, S., Rider, Cameron, author, Baring, John, author, & Bellamy, Neil, author. (2020). Australiantax casebook (15th ed.).Pinto, D., Kendall, Keith, author & Sadiq, Kerrie, author, 2020. Fundamental tax legislation 2020.Kluwer, W, 2020. Australian Master Tax Guide 2020, Wolters Kluwer Australia Limited, Australia.Holmes Online Lecture Notes/SlidesPowerPoint slides in PDF format will be available on Blackboard in the relevant topic’s folder on Blackboard.Holmes Online Readings/Tutorial ActivitiesThese will also be available in the relevant topic’s folder on BlackboardAssessment DetailsIn order to pass this Unit, you must:Achieve an overall percentage of 50% of the assessmentsASSESSMENT 1: ONLINE TEST Aligned Unit learningoutcomes2. Choose and interpret the relevant taxation legislations and case law toevaluate various scenarios.3. Apply the fundamentals of calculating the taxable income and taxpayable for individuals and business entitiesGroup or IndividualIndividualWeighting25%Due DateWeek 5 ASSESSMENT 1: DESCRIPTIONPurpose and requirement this assessment:The purpose of this assessment is to test the students’ knowledge on lecture content. The test will enablestudents to gauge their progress in terms of knowledge and skills delivered in the unit.ASSESSMENT 2: INDIVIDUAL ASSIGNMENT Aligned Unitlearning outcomes1. Analyse the structure of the tax system and identify the associated taxesin Australia2. Choose and interpret the relevant taxation legislations and case law toevaluate various scenarios.3. Apply the fundamentals of calculating the taxable income and tax payablefor individuals and business entities4. Synthesise tax information to develop solutions for income tax issues andeffectively communicate the solutions to a range of stakeholdersGroup or IndividualIndividualWeighting25%Due DateWeek 9 ASSESSMENT 2: DESCRIPTIONPurpose and requirement this assessment:Students are required to conduct a research and analysis of a taxation case study and present their findingsin a written report.ASSESSMENT 3: TUTORIAL QUESTION ASSIGNMENT Aligned Unitlearning outcomes2. Choose and interpret the relevant taxation legislations and case law toevaluate various scenarios.3. Apply the fundamentals of calculating the taxable income and tax payablefor individuals and business entities4. Synthesise tax information to develop solutions for income tax issues andeffectively communicate the solutions to a range of stakeholdersGroup or individualIndividualWeighting50%Due DateWeek 13 ASSESSMENT 3: DESCRIPTIONPurpose and requirement this assessment:This assignment is designed to assess your level of knowledge of the key topics covered in this unitDescription:Each week students were provided with three tutorial questions of varying degrees of difficulty.These tutorial questions are available in the Tutorial Folder for each week on Blackboard.The Interactive Tutorials are designed to assist students with the process, skills and knowledge to answer theprovided tutorial questions.Your task is to answer a selection of tutorial questions for weeks 1 to 11 inclusive and submit these answersin a single document.Assessment Submission• All work must be submitted on Blackboard by the due date along with a completed Assignment CoverPage.• The assignment must be in MS Word format, 1.5 spacing, 12-pt Arial font and 2 cm margins on all foursides of your page with appropriate section headings and page numbers.• Reference sources must be cited in the text of the report, and listed appropriately at the end in a referencelist, all using Harvard referencing style.Ensure the report is checked for plagiarism using SafeAssign. Please read the academic integrity statementincluded in this document. Consult your lecturer if you are unsure or you require clarification aboutacademic integrity.Extensions and Special ConsiderationIf circumstances beyond your control will prevent you from submitting an assignment by the due date oryour performance has been impacted by circumstances outside your control, then you should apply forSpecial Consideration through Student Services as soon as you become aware of the problem. You may beallowed to do the task at another time or may give you an extension of up to two weeks or have yours marksadjusted.Assignment Extensions are normally only approved when students apply before the due date. StudentServices may ask you to supply supporting documentation about the difficulties you are facing, and evidenceof the work you have completed so far.Note that work that is submitted late without an approved extension will be Unity to a marking penalty, ormay not be marked at all. Details of the penalties can be found in the Higher Education Student Handbook athttps://www.holmes.edu.au/pages/about/policiesAcademic IntegrityHolmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity is integralto maintaining academic quality and the reputation of Holmes’ graduates. Accordingly, all assessment tasksneed to comply with academic integrity guidelines. Table 1 identifies the six categories of Academic Integritybreaches. If you have any questions about Academic Integrity issues related to your assessment tasks, pleaseconsult your lecturer or tutor for relevant referencing guidelines and support resources. Many of theseresources can also be found through the Study Sills link on Blackboard.Academic Integrity breaches are a serious offence punishable by penalties that may range from deduction ofmarks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation ofcourse enrolment.Table 1: Six categories of Academic Integrity Breaches PlagiarismReproducing the work of someone else without attribution. When a studentsubmits their own work on multiple occasions this is known as self-plagiarism.CollusionWorking with one or more other individuals to complete an assignment, in away that is not authorised.CopyingReproducing and submitting the work of another student, with or withouttheir knowledge. If a student fails to take reasonable precautions to preventtheir own original work from being copied, this may also be considered anoffence.ImpersonationFalsely presenting oneself, or engaging someone else to present as oneself, inan in-person examination.Contract cheatingContracting a third party to complete an assessment task, generally inexchange for money or other manner of payment.Data fabrication andfalsificationManipulating or inventing data with the intent of supporting false conclusions,including manipulating images. Source: INQAAHE, 2020Holmes Institute Academic Integrity and Conduct Policy can be found athttps://www.holmes.edu.au/pages/about/policiesSupplementary AssessmentSupplementary Assessment is available to students in this module if a student who has met each of thefollowing conditions:1. The student has achieved a grade of less than 50% in a previous attempt at the unit;2. The student has submitted all required assessment items for the unit;3. The student’s name has not been recorded in the Academic Misconduct Register in relation to theunit of the supplementary assessment occurs;The student will be informed by Faculty of a supplementary examination within ten (10) working days ofresults being released. A Supplementary examination cannot be deferred unless there are compelling andcompassionate circumstances and a Special Consideration application must be submitted.A student who attempts a supplementary assessment will not be able receive a total mark higher than 50%for that unit.More details can be found in the Assessment Policy and Procedure – Higher Education athttps://www.holmes.edu.au/pages/about/policies..Holmes InstituteHigher EducationUnit CalendarPlease note, the sequence of some topics may change due to staff availability, resourcing, or due to unforeseen circumstances. WeekLecture TopicTutorialReadings/Preparation1Tax Law Research and Interpretation, Constitutional Framework ofthe Australian Tax system, Australian Taxes.Chapter 2,3,42Income Tax, Income Tax Rates, and Residence and SourceChapter 8,93Ordinary IncomeChapter 104Statutory Income, Exempt Income, Non-Assessable Non-ExemptIncome, General DeductionsChapter 11,12,135Specific Deductions, Provisions that Deny or Limit DeductionsChapter 14,156Capital Write-offs and Allowances, and Tax OffsetsChapter 8,167Fringe Benefits TaxChapter 198Capital Gains TaxChapter 189Goods & Services TaxChapter 710Taxation of CompaniesChapter 2411Tax Avoidance, General Anti-Avoidance Provisions, Income TaxReturns, Assessments, Rulings, etc.Chapter 40,41,4312Trading Stock, Partnerships, and TrustChapter 17,25,26

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