Module ASB-4442:
International Taxation: Policy and Practice

Module Facts

Run by Bangor Business School

15.000 Credits or 7.500 ECTS Credits

Semester 1

Organiser: Dr Sara Closs-Davies

Overall aims and purpose

To identify the distinctive characteristics of tax system design; to review the principles of taxation; to consider tax policy including ethical and other tax policy issues; to examine public economics including concepts of fairness, efficiency and equity, social welfare; to consider the behaviour of individuals, households, firms and government; to compare international tax systems; to evaluate tax administration; and to calculate capital, income and consumption tax liabilities for individuals and businesses.

Course content

The place of taxation in the economy, what it is and its purpose (learning outcome 1). The balance between equity and efficiency (learning outcome 2); The basis and analysis of social welfare (learning outcome 2); Evaluation of the incidence of taxation and its influence on individuals, households and firms (learning outcome 2); An analysis of individual, household, firm and government behaviour (learning outcome 2); Comparison and evaluation of international taxation systems (learning outcome 3); Examine the operation of taxation systems and administrative issues (learning outcome 4); Understand and apply public administration, taxation and other relevant interdisciplinary theories (learning outcomes 1, 2, 3 and 4); The calculation of capital, income and consumption taxes for individuals and firms, to include tax planning (learning outcome 5).

Assessment Criteria

threshold

40-49% Threshold A basic understanding of taxation (its role, key concepts, issues and its calculation) will be shown, but with little development of the lecture material, and some errors will be present.

good

60-69% Good A good understanding will be shown, together with evidence of wider reading and few errors will be made.

excellent

70%+ Excellent A sound understanding will be demonstrated, with very few errors, and significant evidence of wide reading in the topic.

C- to C+

50-59% Conceptual and computational issues are covered beyond the basic level. There are few errors but analysis may lack comprehensiveness.

Learning outcomes

  1. Develop an in-depth understanding of the underlying principles of taxation.

  2. Develop an in-depth understanding of the role of taxation in public sector economics.

  3. Evaluate and critique tax administration.

  4. Demonstrate an ability to compute tax liabilities for individuals and businesses.

  5. Compare and contrast comparative taxation systems.

Assessment Methods

Type Name Description Weight
ESSAY 2,000 - 2,500 word essay 40.00
EXAM Final examination 60.00

Teaching and Learning Strategy

Hours
Lecture

2-hour lecture per week.

 22
Practical classes and workshops

Practical class/workshop to further develop learning and understanding of topics taught in previous lecture(s).

 9
Private study 119

Transferable skills

  • Literacy - Proficiency in reading and writing through a variety of media
  • Numeracy - Proficiency in using numbers at appropriate levels of accuracy
  • Self-Management - Able to work unsupervised in an efficient, punctual and structured manner. To examine the outcomes of tasks and events, and judge levels of quality and importance
  • Exploring - Able to investigate, research and consider alternatives
  • Critical analysis & Problem Solving - Able to deconstruct and analyse problems or complex situations. To find solutions to problems through analyses and exploration of all possibilities using appropriate methods, rescources and creativity.

Subject specific skills

  • knowledge of the main current technical language and practices of accounting (for example, recognition, measurement and disclosure in financial statements; managerial accounting; auditing; taxation) in a specified socio-economic domain
  • skills in recording and summarising transactions and other economic events; preparation of financial statements; analysis of the operations of business (for example, decision analysis, performance measurement and management control); financial analysis and projections (for example, analysis of financial ratios, discounted cash flow analysis, budgeting, financial risks)
  • knowledge of contemporary theories and empirical evidence concerning accounting in at least one of its contexts (for example, accounting and capital markets; accounting and the firm; accounting and the public sector; accounting and society; accounting and sustainability) and the ability to critically evaluate such theories and evidence age
  • Numeracy: the use of quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena.
  • Articulating and effectively explaining information.
  • Conceptual and critical thinking, analysis, synthesis and evaluation.
  • Self-management: a readiness to accept responsibility and flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time.

Resources

Resource implications for students

It is important students use the correct suggested text book, edition and tax year for this module. Students can either purchase the suggested texts or borrow them for a specific time period from the library.

Talis Reading list

http://readinglists.bangor.ac.uk/modules/asb-4442.html

Reading list

Core text book: Taxation: Policy and Practice 2021/22 by Andy Lymer and Lynne Oats, 28th edition.

Additional suggested books: 1. Comparative Taxation: Why tax systems differ By Evans, Chris, Hasseldine, John, Lymer, Andy, Ricketts, Robert, Sandford, Cedric Publisher: Fiscal Publications Date published: 01/09/2017 ISBN: 978 1 906201 37 1

  1. Taxation - incorporating the 2021 Finance Act Edition: 39th 2020/21 By Alan Combs and Ricky Tutin Publisher: Fiscal Publications ISBN: print - 978 1 906201 61 6 ebook - 978 1 906201 62 3 Ebook suppliers - Kortext, Vital Source, BilbliU Print supplier - usual channels (Gardners, Amazon, Fiscal Publications, etc.)

  2. Principles of International Taxation By Lynne Oats Publisher: Bloomsbury Professional Date published: September 2021 ISBN: 1526519550

Details of further suggested reading is available on the module's Blackboard site

Courses including this module