Discussion Post
Upon successful completion of this subject students should be able to:
• Understand and determine the taxable income of taxpayers and correctly calculate the tax payable thereon.
• Critically analyze and appreciate the economic, social and legal issues arising from differing taxes.
• Understand the differences between: allowable and non-allowable deductions, different capital gains events and the effect of rebates on taxable income.
• Identify the impact of taxation on different forms of business structures.
• Communicate knowledge of taxation law clearly, both in writing and orally, and be open to critical analysis of own and others' ideas.
• Interpret relevant taxation legislation and rules accurately and apply to problem scenarios.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.