Study:	Tax - 5. semester
Code:	123942
ECTS:	5.0
Course coordinators:	izv. prof. dr. sc. Jasna Bogovac
Exam dates:	10. 06. 2024. 24. 06. 2024. 08. 07. 2024. 26. 08. 2024. 09. 09. 2024. Exam registration: Studomat

Literature:

J. Bogovac; Oporezivanje multinacionalnih korporacija - odabrana poglavlja; Pravni fakultet Sveučilišta u Zagrebu (2014), str. 1 - 101; 131 - 246; 291 - 300

Optional literature:

Brealey, R. A., Myers, S. C., Marcus, A. J.; Osnove korporativnih financija; Mate (2007), str Raffaele Russo; Fundamentals of International Tax Planning; (2007), str. [object Object] Bragg, S. M.; CFO Financial Leadership Manual; Wiley (2007), str J. Bogovac; Ostali dijelovi knjige "Oporezivanje multinacionalnih korporacija"; Pravni fakultet Sveučilišta u Zagrebu (2014), str

Description:

The course enables the connection of the entire range of knowledge that students acquired during the previous years of study in the fields of law, economics, and taxes, with their practical application in everyday business life in the state administration as well as in commercial companies and in tax consulting. The program of this course aims to develop the skills and knowledge that tax experts need in order to provide support in making business decisions in companies and those who will be employed in the state administration in the analysis and evaluation of business transactions from the tax aspect, to understand and provide support and supervision of business entities. Therefore, within the scope of the course, the basic principles and concepts of the financial function in companies are studied, and special emphasis is placed on tax control of corporations, legal tax aspects of financial reports, financing and budgeting of corporations and the importance of tax factors when making decisions. These topics are dealt with from a theoretical aspect and with practical examples and active participation of students during classes and in the workshop.

Cognitive Skills:

Knowledge and understanding

After successfully completing the course, students will be able to:

- describe organisational and legal structure of multinational corporations;

- define basic principles and concepts of financial function in companies;

- recall specific features of this area with basic categories that dteremine in it large international companies and other companies;

- recognise quick changes in business environment;

- define reasons for investing in real property and financial property;

- describe manners of collecting financial means and the structure of capital;

- recall the calculation that form the basis for making corporate management decisions;

- recall possible corporate financial management proposals with regard to corporate financing and investment;

- indicate the roles and tasks of tax department in corporations

 

Application

After successfully completing the course, students will be able to:

- interpret skills and knowledge that tax experts need;

- demonstrate roles and responsibilities of tax experts in a team;

- apply acquired knowledge about tax and financial system on concrete business transactions;

- illustrate the influence of concrete activities on the tax status of the taxpayer;

- use quality communication and cooperation of tax experts employed in enterprise, tax administration and tax consultancy

 

Analysis

After successfully completing the course, students will be able to:

- analyse legal and economic factors of tax obligations of a corporation;

- compare methods of calculation of the corporation's value;

- calculate basic elements of business projects, especially tax obligati8ons and their influence on overall corporate value;

- analyse different influences of tax obligations on the value of the project;

- categorise priorities while determining tax savings, expenditures and risks.

 

Synthesis

After successfully completing the course, students will be able to:

- recall and categorise knowledge acquired during the study in the areas of economy, law and taxes with their practical application in everyday business life in companies, tax administration and tax consultancy

- propose optimal transactions from the tax-law aspect;

- propose optimal fiscal instruments with regard to their feasibility and possibility and likelihood of application in a company;

- formulate results of analyses of business transactions from the tax aspect and thus provide support in decision-making in companies;

- propose actions in tax matters from the aspect of tax planning;

- propose and explain further steps in a part of the tax procedure;

- formulate advantages and disadvantages of different tax systems from the aspect of corporate management in overseas business operation.

 

Evaluation

After successfully completing the course, students will be able to:

- valorise the importance of application of knowledge about taxation of corporations in corporations themselves and by tax administration employees and tax consultants;

- compare advantages and disadvantages of individual research methods in taxation;

- select business transactions that optimally contribute to concrete solutions to problems that occur in dynamic business environment;

- select fiscal instruments and methods of support, supervision and control of large taxpayers that will optimally contribute to the stability of the tax system;

- recommend methods of evaluation of proposed fiscal policy measures directed towards companies;

- participate in tax analysis, argumentation and resolution of tax problems in different business scenarios;

- make conclusions about the efficiency of fiscal policy of the state from the corporate aspect;

- participate in the tax anaylsis, argumentation and solving of different tax problems;

- efficiently communicate, orally and in writing, about tax issues, providing advice and recommendations;

- recognise and explain the application of instruments for prevention of double taxation and for reducing tax risks;

- anticipate the consequences of tax planning for large international companies on the global level in the context of general business aims;

- draw conclusions about the tax status of corporations, thus contributing to the real added value of corporations and tax consultancy. Such knowledge will ensure better efficiency in the part of control of large taxpayers to the students who will be employed in the tax administration.

 

Practical and Generic Skills:

After successfullly mastering the course, students will be able to:

- publicly present learning outcomes;

- express themselves in a clear and structured manner while explaining their standpoints about the tax aspect of corporate decisions and their significance for public revenues;

- develop communication skills in narrow organisational units, especially with tax professionals employed in other sectors (state, private, counselling);

- participate in the work of the project team as an active member in the area of taxation, domestic and international.

Matching Assessments to Learning Outcomes:

Mid-term examination is a form of written test of knowledge in which the student demonstrates the ability to define basic organisational and legal structures of multinational corporations, reproduces explanations of basic elements of legal and economic factors of the taxation of companies, groups, illustrtaes and interprets basic characteristics of financial management decisions and their importance for taxation purposes.

Oral examination is a form of testing knowledge which requires the ability to apply knowledge and understanding about taxation of multinational companies for the purpose of demonstrating consequences of the application of tax provisions, comparative analysis of different tax systems and drawing conclusions about the efficiency of optimal business decisions from the aspect of taxation.

Consultations schedule:

• izv. prof. dr. sc. Jasna Bogovac:

  Mondays at 15.30 and in other terms by arrangement (room 9, ĆM or online).

  Prior announcement to: jbogovac@pravo.hr

  Location: Ćirilometodska 4, room Room 9