Objectives
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Identify corporate taxation different levels, being able to specify the contemporary problems in each tax level: national vs international; individual corporation vs corporate groups; income vs activity;
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Know and being able to address the main tax principles that conduct corporate taxation and the economics and social consequences of that specific taxation;
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Seize tax compliance elements and obligations, relating them to corporate tax planning activities and aggressive tax planning/tax avoidance actions;
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Designing a risk analysis on tax planning and tax compliance;
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Consider the EU influence on how Corporate Taxation and Corporate Decisions are made
General characterization
Code
37032
Credits
6
Responsible teacher
Rita Sofia Martins Calçada Pires
Hours
Weekly - 3
Total - Available soon
Teaching language
Portuguese
Prerequisites
Available soon
Bibliography
PART I
AUERBACH, Alan J.. Who bears the corporate tax? A review of what we know. Working Paper 11686 Disponi¿vel emhttp://www.nber.org/papers/w11686
BAIARDI, Donatella; PROFETA, Paola; PUGLISI, Riccardo; SCABROSETTI, Simona. Tax Policy and Economic Growth: Does It Really Matter? CESifo Working Paper, No. 6343, Center for Economic Studies and IFO Institute (CESifo), Munich, 2017. Disponi¿vel em http://hdl.handle.net/10419/155585
BECKER, Bo; JACOB, Marcus; JACOB, Martin. Payout taxes and the allocation of investment. Journal of Financial Economics 107(2013)
BIRD, Richard; MINTZ, Jack. International Tax Sharing: Can the Dream become Reality? Revised; July 24, 2019, Disponi¿vel em https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3426848
BOGENSCHNEIDER, Bret N. The European Commission¿s Idea of Small Business Tax Neutrality. EC TAX REVIEW 2016/4
BRYS, Bert; PERRET, Sarah; THOMAS, Alastair; O¿REILLY, Pierce. Tax Design for Inclusive Economic Growth. OECDE Taxation Working Papers, n.o 26, 2016
CLAUSING, Kimberly A. In Search of Corporate Tax Incidence, 2012. Tax Law Review, 2012, 65:3, p. 433-472
CNOSSEN, Sijbren. What Kind of Corporation Tax Regime?. Osgoode Hall Law Journal 52.2 (2015): 513-551.http://digitalcommons.osgoode.yorku.ca/ohlj/vol52/iss2/7
FACCIO, Mara; XU, Jin. Taxes and Capital Structure. Journal Of Financial And Quantitative Analysis Vol. 50, No. 3, June 2015
FUEST, Clemens; PEICHL, Andreas; SIEGLOCH, Sebastian. Do Higher Corporate Taxes Reduce Wages? Micro Evidence from Germany. IFO Working Papers n.o 241/2017 September 2017 https://www.ifo.de/DocDL/wp-2017-241-fuest-peichl- siegloch-corporate-taxes.pdf
GEMMELL, Norman; KNELLER, Richard; MCGOWAN, Danny; SANZ, Ismael and SANZ-SANZ, Jose¿ F.. Corporate Taxation and Productivity Catch-Up:¿Evidence from European firms. Working Paper 1/2013 March 2013, The Working Papers in Public Finance, Victoria Business School http://www.victoria.ac.nz/cpf/working-papers
IRELAND DEPARTMENT OF FINANCE. Literature Review Of The Economic Effects Of Corporation Tax. Part of the Economic Impact Assessment of Ireland¿s Corporation Tax Policy. October 2014http://www.budget.gov.ie/Budgets/2015/Documents/Literature_Review_Economic_Effects_Corporation.pdf
LAMBERTS, Paul B.W.L. Fair Taxation: Truth is in the Eye of the Beholder. INTERTAX, Volume 45, Issue 1 (2017)
MCKENZIE, Kenneth J.; FEREDE, Ergete. Who pays the corporate tax?: insights from the literature and evidence for canadian provinces. The School of Public Policy ¿ SPP Research Papers, University of Calgary, volume 10, issue 4, April 2017https://www.policyschool.ca/wp-content/uploads/2017/04/Corporate-Tax-McKenzie-Ferede1.pdf
PANIER, Fre¿de¿ric; PE¿REZ-GONZA¿LEZ, Francisco; VILLANUEVA, Pablo. Capital Structure and Taxes:¿What Happens When You (Also) Subsidize Equity? https://faculty.fuqua.duke.edu/corpfinance/papers/2013.Panier_Perez- Gonzalez_Villanueva.pdf
PART II
HARRIS, Peter. Corporate Tax Law. Structure, Policy and Practice. Cambridge University Press, 2013
SCHREIBER, Ulrich. International Company Taxation. An introduction to the legal and economic principles. Springer, 2013
TING, Antony. The Taxation of Corporate Groups under Consolidation. An international comparison. Cambridge University Press, 2013
PART III
BALAKRISHNAN, Karthik; BLOUIN, Jennifer; GUAY, Wayne. Tax Aggressiveness and Corporate Transparency.https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1792783
BANCEL, Franck; MITTOO, Usha R..The Determinants of Capital Structure Choice: A Survey of European Firmshttps://papers.ssrn.com/sol3/papers.cfm?abstract_id=299172
CERIONI, Luca. The Quest for a New Corporate Taxation Model and for an Effective Fight against International Tax Avoidance within the EU. INTERTAX, Volume 44, Issue 6 & 7, 2016
IT CONTINUOUS...
SEE THE SYLLABUS ON THE MOODLE. DUE TO LENGTH THE COMPLETE BIBLIOGRAPHY IS NOT HERE.
Teaching method
Socratic model, with stimulus in the preparation of the classes, through permanent face-to-face discussion, enabling and developing critical and integrated thinking.
Use of concept maps and promotion of critical analysis of international documents.
Evaluation method
Option 1: Written exam
Option 2: Written exam (60%) & Specialized Class Participation during the Semester (40%)
CLASS PARTICIPATION REQUIREMENTS AND ELEMENTS OF EVALUATION
EVALUATION ELEMENT
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PREVIOUS PREPARATION OF CLASSES
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PREPARATION OF SPECIFIC CONTENTS PROPOSED DIRECTLY BY THE TEACHER IN ADVANCE
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QUESTIONS AND DOUBTS FROM PREVIOUS STUDY AND ISSUES REFLECTED PREVIOUSLY
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QUESTIONS ASKED IN CLASS
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Subject matter
The syllabus goes into identifying the corporate taxation different levels of action, allowing for the student to become aware of them and start reflecting on those various tax levels that are underlined on corporation activity. Because of that, when analysing the different macro corporation tax problems, the student will be able to determine the main tax principles that conduct corporate taxation and the economics and social consequences of that specific taxation.
Because nowadays tax compliance is a major corporate obligation and necessity, items such as morality and ethics must be present at the same time as the legal commands are. Dealing with these mixed realities must be trained and understood, which is made on Part III, allowing the student, at the end, to design of a proper risk analysis on tax planning and tax compliance.
Taking into account the European context in particular, determining how EU normative work influence the Corporate Taxation is of utmost importance, turning possible a reflection on how nowadays corporate decisions and obligations are managed by European corporation, in order to decrease tax compliance risks and protect the possible corporate tax planning activities.