TAX 530: Taxation of Businesses and Individuals
Contents
- Basic principles of taxation, personal income tax, corporate income tax, local profit taxes and non-profit taxes (e.g. trade tax, property tax)
- comparative taxation of transparent entities (sole proprietors and partnerships) and corporations and their shareholders
- Gift and inheritance taxes, capital transfer tax, value added tax
Learning outcomes
- Students know the basic principles of different types of taxes and understand the structure of these taxes (the lecture focuses on the tax systems in the EU member states and the US).
- Students understand the relevance as well as the consequences of the transparency principle and the corporation principle and assess the tax burden on profits as well as on shareholder compensations dependent on the legal form of the business.
- Most notably, students understand how taxes influence business decisions and evaluate tax planning opportunities created by business tax law.
Necessary prerequisites
–
Recommended prerequisites
Basic knowledge of financial accounting
| Forms of teaching and learning | Contact hours | Independent study time |
|---|---|---|
| Lecture | 2 SWS | 8 SWS |
| Exercise class | 2 SWS | 5 SWS |
| ECTS credits | 6 |
| Graded | yes |
| Workload | 180h |
| Language | English |
| Form of assessment | Written exam (90 min., 70%), individual assignment and group presentation (30%) |
| Restricted admission | no |
| Further information | – |
Examiner Performing lecturer |  | Prof. Dr. Christoph Spengel Prof. Dr. Christoph Spengel |
| Frequency of offering | Fall semester |
| Duration of module | 1 semester |
| Range of application | M.Sc. MMM, M.Sc. Bus. Edu., M.Sc. Econ., M.Sc. Bus. Inf., LL.M., MAKUWI |
| Preliminary course work | – |
| Program-specific Competency Goals | CG 1, CG 2 |
| Literature | Endres, D./Spengel, C. (editors): International Company Taxation and Tax Planning: Part I – Taxation of Businesses and Individuals – An International Comparison, Alphen aan Den Rijn: Kluwer Law International 2015. |
| Course outline | Taxation of Income, Property and Consumption: An International Overview Taxation of Individuals (Personal Income Tax) Taxation of Business Profits Non-Profit Taxes Inheritance Tax Value-Added Tax |