|Lecturer||Prof. Dr. Christoph Spengel|
|Courses||Lecture and Exercises|
|Form of Assessment||
Written Exam (70%)
Individual assignment and group presentation (30%)
The course is recommended for first year Master-level students with general knowledge of financial accounting. The course is open to students enrolled in the Master in Management (MSc.) program as well as in the LLM program and others. The course is taught in English and is thus also open to exchange students. It is accompanied by a case study assignment and a two-day seminar where students present and discuss their case study results.
The course comprehensively covers aspects of different taxes and tax systems of EU member states and the US. The main taxes considered are personal income tax, corporate income tax, local profit taxes, non-profit taxes (e.g. net wealth or real estate taxes), gift and inheritance taxes and VAT. Special focus is placed on the taxation of transparent and separate entities as well as on the determination of taxable income and the relation between financial accounting and tax accounting. In all sections, overviews on country practices are given.