TAX 315: International Taxation I

Learning Outcomes

At the end of the course, students should be able to:

1. state the concept of residence at individual and corporate levels, tax haven;
2. identify the national jurisdiction of courts and enforcement of foreign residence law;
3. evaluate the effects of offshore judicial decisions;
4. determine the relief for unremitted foreign income, transfer of assets abroad, offshore income gains and capital gains tax; and
5. discuss offshore business taxation.

Course Contents

Residence (Individual residence, Ordinary residence, Domicile, Residence of Corporation, Tax Havens etc). Other areas include: Enforcement of Foreign Residence Law. National Jurisdiction of courts. Effects of Offshore Judicial Decisions. International Judicial Decision. Foreign Income and Capital of Residents. The Remittance basis. Relief for un-remittable foreign income. Transfer of assets abroad –attribution income. Offshore income gains, Capital gains tax.