Taxation of Financial Arrangements - MFIN6212

Deals with the tax treatment of financial arrangements. Examines the current classification of financial instruments for tax purposes and the tax consequences of those classifications. Discussion of general tax framework governing inbound and outbound direct and portfolio investment. Fundamental principals are then applied in the context of case studies. Specialised tax rules relevant to case study topics are highlighted. Case study topics: initial public offers; foreign exchange gains and losses; innovative financial products; structured finance for infrastructure and privatisations; securitisation; lease financing; funds management; venture capital; capital restructuring; takeovers, mergers and demergers. Effects of the proposed changes in the taxation of financial arrangements on the tax results in the case studies are noted.