Overview

The content of this module includes critically analyzing the place of taxation in the economy and the balance between equity and efficiency. The content also includes analyzing income tax and incentives to work and save; x000D the role of capital taxation; the bases of taxation and investment incentives; reform of the tax system; and x000D tax as a policy tool. x000D It will also include the calculation of personal, corporate, capital gains, inheritance and value added tax liabilities with some tax planning.

Assessment Strategy

-threshold -D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives. -good -B- to B+ (60-69%): Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills. -excellent -A- to A+ (70%+): Outstanding Performance. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills. -another level-C- to C+ (50-59%): Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.

Learning Outcomes

• Calculate personal income, corporate, capital gains, inheritance and value added tax liabilities.

• Critically evaluate the place of taxation in the economy and the balance between equity and efficiency.

• Critically evaluate the role of taxation in achieving desired policy outcomes, including incentives to work and incentives to save.

• Demonstrate knowledge of and be able to calculate tax reliefs available to individuals and corporate bodies.