Singapore University of Social Sciences

ACC309 introduces students to the concepts of tax planning, i.e. mitigation of taxation in a domestic context and also introduces students to international taxation. Students will be taken through the principles of planning in a domestic context, if only to make them aware that tax planning does not involve any more than many of the principles already covered in the earlier courses. Students will be shown how rules interact, and how taxes can be mitigated. Students will also be exposed to the idea of shades of tax planning - from acceptable tax mitigation to the grey area of what is aggressive tax planning to unacceptable tax planning, and the tools available to the Inland Revenue to counter them. From a domestic position, students will look at Singapore taxation of international transactions, and then look to the general principles of international taxation, especially to concepts that are in currency in today's world. Students will also explore Singapore's role in international taxation, including some of the main incentives offered under the tax code.