LAWS5132 Income Taxation Law
- 6 points
|Semester 2||UWA (Perth)||Face to face|
- This unit provides an overview of the law and principles of income taxation in Australia. Taxation is ubiquitous in almost all areas of life, not least because it is the key source of public revenue thereby enabling government expenditure, as well as providing a tool for government to influence behaviour, from birth to death. Given the economic, social and political ramifications, any student who wishes to practice as a lawyer or work in business, government, or the not-for-profit sector is well advised to have at least a broad understanding of the Australian taxation system: its sources, functions, content, limits and administration; as well as a theoretical basis to evaluate the system.
The unit intends to introduce students to these principles in the context of the Australian income tax system; to provide an introduction to the international context of the Australian income tax system; to help students hone the core skills of statutory interpretation and case analysis by applying the content of income tax law to standard transactions; and to provide students with a foundational knowledge of key income tax concepts such as assessable income, deductions and allowances, tax accounting rules for timing and character recognition, and taxable entities. It also engages with current research, comparative perspectives and recent developments in the law to critique the tax system and the tax reform process.
- Students are able to (1) (a) explain the sources, functions and limits of the Australian tax system; (b) demonstrate a foundational knowledge and understanding of the following key concepts of the income tax law: assessable income (including capital gains), deductions and allowances, tax accounting rules for timing and character recognition of income and expenditure, and taxable entities and an introduction to their differing treatment; (c) demonstrate an introductory comprehension of the international context of the Australian tax system (including issues of residence and source); (d) demonstrate an understanding of current developments in income tax law, including by reference to comparative international perspectives; (2) demonstrate (a) a foundational knowledge of the way in which the tax system is administered, the role of tax lawyers (and lawyers more generally) in administration; (b) an ability to recognise and reflect upon a tax lawyer's professional and ethical responsibilities in the context of tax planning and tax avoidance; (3) identify, interpret and apply income taxation law principles to provide written and oral advice on standard transactions and on complex tax law issues, locate, synthesise and analyse relevant material from primary and secondary sources to critically discuss contemporary tax issues, by reference to tax policy and broader socio-economic objectives, to critically evaluate the Australian tax system and tax laws, as well as tax reform proposals and the tax reform process itself, and the potential legal, administrative and policy responses; (4) demonstrate an ability to locate, synthesise and analyse relevant material from primary and secondary sources to critically discuss contemporary tax issues; and (5) provide written and oral advice on standard transactions and on complex tax law issues; and critically discuss contemporary tax issues.
- Typically this unit is assessed in the following ways: (1) research essay/submission and (2) examination. Further information is available in the unit outline.
Supplementary assessment is not available in this unit except in the case of a Juris Doctor student who has obtained a mark of 45 to 49 and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course
- Unit Coordinator(s)
- Jared Clements
- Unit rules
- for Juris Doctor students: LAWS4101 Legal Process, LAWS4102 Criminal Law, LAWS4103 Contract, LAWS4104 Property, LAWS4106 Torts, LAWS4108 Foundations of Public Law, LAWS4107 Land Law,
LAWS5106 Legal Theory and Ethics
LAWS4109 Legal Theory and Ethics
- LAWS3362 Income Taxation Law
- Contact hours
- lectures: 2 hours per week; Practical Classes: 5 x 2 hours
- The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
- All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
- Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.