Singapore University of Social Sciences

Taxation, Governance and the Wider Environment

Applications Open: 01 October 2020

Applications Close: 30 November 2020

Next Available Intake: January 2021

Course Types: Modular Graduate Course

Language: English

Duration: 6 months

Fees: $2200 View More Details on Fees

Area of Interest: Business Administration

Schemes: Lifelong Learning Credit (L2C)

Funding: To be confirmed


Synopsis

TAX529 Taxation, Governance and the Wider Environment challenges the student to look at taxation beyond the corporate tax return. In Part I, students examine the interplay between the financial reporting and taxation, in particular the tensions arising from the fundamental principles underlying the Financial Reporting Standards in particular the need to report the current position of the entity, and the need for certainty, as espoused in revenue law. In Part II, students will explore how taxation could affect the minds of the Board of Directors, and the tension between taxation, especially tax planning, and the principles underpinning Corporate Governance.

Level: 5
Credit Units: 5
Presentation Pattern: Every January

Topics

  • Profits
  • Changing Landscapes
  • The Challenge of Disclosure
  • New Rules
  • The Earnings Figure and the Role in the Market
  • The Tax Figure in Financial Reporting
  • Effective Tax Management or Profits Management?
  • Corporate Governance

Learning Outcome

  • Compare and contrast the fundamental principles behind profits under financial reporting standards and taxable profits
  • Assess the tax implications of financial reporting standards, specifically to identify any necessary tax adjustments, tax-sensitive accounting disclosures, or both
  • Formulate a strategy to ameliorate difficult situations arising from unhelpful tax disclosures required by financial reporting standards
  • Critique the role of the Board in relation to taxation, identifying the conflict between the duties of governance, and the drive for profits management
  • Compose a strategy to assist the Board in making a decision in light of their duties of Corporate Governance.
  • Assemble paper or web resources to conduct research
  • Examine and analyse legal materials which are written in technical or complex language
  • Compose and present data provided in numerical or statistical form
  • Discuss through different forms of communication, such as verbal, written and formal presentations, presenting knowledge or an argument in a way which is comprehensible to others
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