Taxation
[LSMF2009]
[30h] 5 credits
This course is taught in the 1st semester.
Teacher(s):
Language: French
Level: Second
Aims
- understand main tax mechanisms and,
- evaluate the effects of taxation on corporate decisions, especially regarding the choice, location and financing of an investment, as well as the location and shifting of the tax base of a multinational company.
Main themes
Content and teaching methods
The course starts with an economic introduction to the study of taxation which is organised around two topics, the economic functions of a tax and the incidence of taxation on corporate decisions. It continues with a survey of Belgian taxation and with the study of corporate income tax mechanisms. At that occasion, the taxation of individuals, as workers, managers or investors of the company, is also examined, but not in depth. A short introduction to V.A.T. and to the taxation of international flows of income compete the course.
The course consists in five main chapters
1. An economic introduction to the study of taxation;
2. Taxation and corporate decisions;
3. Corporate Income Tax and the headlines of the taxation of the workers, managers and investors of the company, with an evaluation of the effects on corporate decisions;
4. An introduction to the taxation of international flows of income;
5. An indirect tax, V.A.T.
Methods
The course is ex-cathedra; the students produce an application which is discussed during some courses
Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)
Evaluation : based on the sutudents application work and a written examination
Supporting material: cours notes are available
Références : Scholes, M., M. Wolson et alii, 2004, Taxes and business Strategy: A planning Approcah, 3rd Edition, Prentice Hall
Various textbooks on Belgian, European and International Tax Law