2022/2023
Tax Management
Type:
Mago-Lego
Delivered by:
Department of Finance
When:
3 module
Open to:
students of one campus
Instructors:
Varvara Nazarova
Language:
English
ECTS credits:
3
Contact hours:
32
Course Syllabus
Abstract
The effectiveness of tax planning is defined by the amount of tax burden that falls on a business. The process of bringing the tax situation of an economic entity to the optimal state in terms of its tax burden is called tax optimization. To be an effective tool for financial and tax management, tools and algorithms of optimization calculations should correspond to the current state tax system.
Learning Objectives
- The key purpose of the course is to provide theoretical knowledge in the field of tax planning; to provide, master and reinforce skills in calculating tax savings and in applying methods of tax planning in companies and financial institutions; to form system-related and professional competences. The objectives of the course are to study the theoretical framework of Russian and international corporate taxation, to introduce methods of tax accounting and planning, to obtain competences in assessment and optimization of a company's taxation system, to obtain skills in the administration of the international corporate taxation system. The objectives include developing students' ability to competently use the obtained theoretical and practical knowledge in order to assess a company's tax risks, to calculate tax liabilities and to organize the process of effective corporate tax planning.
Expected Learning Outcomes
- Calculate the need for external financing and justify the sources of its receipt in order to optimize taxes Build a forecasted model of tax liabilities. Calculate the tax burden of the company, identify all tax liabilities
- Calculate the need for external financing and justify the sources of its receipt in order to optimize taxes Build a forecasted model of tax liabilities. Calculate the tax burden of the company, identify all tax liabilities
- Interpret the information obtained during the study of literature, the practice of companies Justify the structure of tax policy Calculate the need for external financing and justify the sources of its receipt in order to optimize taxes Build a forecasted model of tax liabilities.
- Selection of the company's accounting and tax policy, adoption of financial decisions, selection of taxation regimes that enhance the efficiency of the company To apply scientific methods and methods of activity in the conduct of their own research
- Selection of the company's accounting and tax policy, adoption of financial decisions, selection of taxation regimes that enhance the efficiency of the company To apply scientific methods and methods of activity in the conduct of their own research Interpret the information obtained during the study of literature, the practice of companies Justify the structure of tax policy
- Selection of the company's accounting and tax policy, adoption of financial decisions, selection of taxation regimes that enhance the efficiency of the companyBuild a forecasted model of tax liabilities. Calculate the tax burden of the company, identify all tax liabilities
Course Contents
- Topic 1. Tax and taxation: fundamentals
- Topic 2. Corporate income taxation
- Topic 3. Corporate taxation
- Topic 4. Individual taxation
- Topic 5. Tax planning on the corporate level
- Topic 6. Planning specific types of corporate taxes.
Assessment Elements
- Home assignmentsThe document should contain a description of the company, prospects and financial analysis, a comprehensive description of all taxes paid, assessment tax burden, basic or special taxes paid in the industry, recommendations on the optimization of tax liabilities. A comparison is possible tax policy of the selected company with foreign identical companies. Structure: Company Information key financial indicators basic taxes paid specifics of taxation in the industry tax trends in the industry company tax burden company tax risks Perhaps a comparison with other companies in the industry in terms of payments tax burden optimization recommendations
- Midterm
- Exam
Bibliography
Recommended Core Bibliography
- Brabazon, M. (2019). International Taxation of Trust Income : Principles, Planning and Design. Cambridge, United Kingdom: Cambridge University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2091116
- Ulrich Schreiber. (2013). International Company Taxation. Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.spr.sptbec.978.3.642.36306.1
- Варламова, А. И., Английский язык: Налоги и налогообложение=TAXES AND TAXATION : учебник / А. И. Варламова, О. Ю. Дигтяр, М. В. Мельничук, В. М. Осипова. — Москва : КноРус, 2019. — 192 с. — ISBN 978-5-406-06924-0. — URL: https://book.ru/book/932001 (дата обращения: 25.08.2023). — Текст : электронный.
- Пансков, В. Г. Налоги и налогообложение : учебник и практикум для прикладного бакалавриата / В. Г. Пансков. — 6-е изд., перераб. и доп. — Москва : Издательство Юрайт, 2019. — 436 с. — (Высшее образование). — ISBN 978-5-534-06064-5. — Текст : электронный // Образовательная платформа Юрайт [сайт]. — URL: https://urait.ru/bcode/431769 (дата обращения: 28.08.2023).
Recommended Additional Bibliography
- Posthuma, R. A., Campion, M. C., Masimova, M., & Campion, M. A. (2013). A High Performance Work Practices Taxonomy: Integrating the Literature and Directing Future Research. Journal of Management, 39(5), 1184–1220. https://doi.org/10.1177/0149206313478184
- Samuelson, P. (2019). Legally Speaking Questioning a New Intellectual Property Right for Press Publishers: Considering the implications of the “link tax” provision of the proposed EU Directive for the Digital Single Market for traditional press publishers. Communications of the ACM, 62(3), 20–23. https://doi.org/10.1145/3306610
- Варламова, А. И., Английский язык: Налоги и налогообложение=TAXES AND TAXATION : учебник / А. И. Варламова, О. Ю. Дигтяр, М. В. Мельничук, В. М. Осипова. — Москва : КноРус, 2020. — 192 с. — (Бакалавриат). — ISBN 978-5-406-07589-0. — URL: https://book.ru/book/933500 (дата обращения: 25.08.2023). — Текст : электронный.