BLO5539 TAXATION LAW Individual assignment (2)

BLO5539 AUSTRALIAN INCOME TAX LAW AND PRACTICE

ASSIGNMENT

TRIMESTER 3, 2017

Assignment Instructions

Word count: 2000 words. You may go above or below the word limit by 10%. Any words exceeding this limit will not be read.

Use your discretion to allocate the word limit amongst the questions. Be aware question 1 is deceptively large.

You must answer both questions

The assignment should be written in your own words.

Provide a list of references

Total marks 30

Due Date: Friday 26th of January 2018 by 11.30pm

Submission process: Assignments must be submitted on or before Friday 26th of January 2018 by 11.30pm via the Turnitin link on the VU Collaborate. The Turnitin copy will be the ‘time mark’ for the confirmation of the date and time of submission.

No hard copy is required.

Presentation

Readable connected prose NOT point form summaries

Accurate spelling, grammar, punctuation, paragraph construction and proofreading is required.

Effective use of HEADINGS if appropriate.

Consistent and accurate acknowledgment of sources using a recognised style – both in relation to in-text referencing and footnoting.

Late Submissions

Students who believe that they have a genuine case for extension of time must lodge a formal written application for such an extension, stating relevant grounds and attaching supporting documentation.

Late submissions of the assignment will incur a penalty as per the Victoria University policy.

The assignments will be marked on the following basis:

Criteria Percentage of marks awarded

Depth of understanding of the topic and identification of relevant issues.

Awareness accuracy of the nature and content of relevant law.

Clarity and coherence of the analysis and quality of discussion and argument. 60 per cent

Writing and communication skills 20 per cent

Research skills 20 per cent

Referencing

Students are reminded that they will lose marks if they merely reproduce passages copied word for word from texts and other references without attempting to convey information and express ideas in their own words. Of course, this does not preclude the intelligent use of relevant quotations in respect of which proper references are given.

It should be noted that the references must be given in respect of all material included in the assignment. References are not to be confined to situations in which the writer is citing a particular case or using a direct quotation. For example, if the writer is putting forward a legal proposition or using a statement or idea drawn from a specific source, that source must be acknowledged by reference. It is essential that references be properly acknowledged at all times and marks will be deducted if this is not done.

References may be acknowledged within the assignment text, (using in-text or Harvard referencing) or by footnoting throughout the assignment, by giving details of the references by way of numbered footnotes at the bottom of the relevant page. Note carefully that proper and consistent referencing must be followed. When referring to cases, the full case citation must be given.

Plagiarism

Plagiarism is taking another person’s ideas and presenting them as your own, that is, without acknowledging the original source. You must acknowledge your sources of information including both direct and indirect quotations. A direct quotation must always be in inverted commas or in another style that indicates that it is a direct quotation. Your assignment must not consist of only quotations.

Plagiarism is regarded as a form of theft or cheating. It is a serious offence and will be dealt with seriously, including a fail grade in this subject.

ASSIGNMENT

TRIMESTER 3, 2017

Research & Development (R&D) activities receive tax incentives. Please refer to TR 92/2 for some background information (https://www.ato.gov.au/law/view/document?docid=TXR/TR922/NAT/ATO/00001).

Please discuss the tax implications of R&D incentives. To facilitate your discussion and make your life easier, please select ONLY one type of business from the following list:

Small business;

List companies;

Foreign companies; and

Australian tax residents undertaking R&D activities overseas.

Your essay MUST identify the relevant legislation, cases and tax rulings.