Dr I Roxan NAB 7.25, Mr E Baistrocchi NAB 7.33, Professor S Ball and others.

For LLM degree and MSc Law and Accounting.

This course is capped at 30 students. Students must apply through Graduate Course Choice on LSEforYou.

Students should be familiar with the UK tax system, or have working knowledge of another system of business taxation, and otherwise will be expected to be taking LL4Z1 Business Taxation.

The course examines the principles governing the taxation of corporate and other business transactions. The course will take a comparative approach in examining the business tax systems of the United Kingdom and other countries.

The main tax system studied will be that of the United Kingdom (primarily income tax, capital gains tax and corporation tax), but the tax system of the United States will also be examined and typically that of Germany as well. This course will concentrate on a number of key advanced topics that are central to corporate taxation, such as the treatment of shares, the taxation of corporate finance, the treatment of groups of companies, and the taxation of corporate reorganisations (broadly defined).

Two-hour seminars (LL491). Sessional (weekly).

Students are asked to submit two 2,000 word essays.

Hugh Ault et al, Comparative Income Taxation: A Structural Analysis (Kluwer, 3rd ed. Rev, 2010), Tiley & Collison, U.K. Tax Guide (current edition); Tiley, Revenue Law; Bittker and Eustice, Federal Income Taxation of Corporations and Shareholders; Abrams & Doernberg, Essentials of US Taxation; Tolley's Yellow Tax Handbook, or CCH The Red Book (current  edition).

Detailed reading lists will be provided during the course via Moodle.

Hugh Ault et al, Comparative Income Taxation (Kluwer Law International 3rd ed. 2010).

The examination will be by three-hour written paper.

Candidates will be permitted to take into the examination room unannotated copies of approved statutory materials.