Seminars are offered to satisfy this requirement. Tax considerations in corporate formations, distributions, redemptions, and liquidations, including Subchapter C and Subchapter S corporations. Federal estate, gift and generation-skipping transfer taxes. Includes nonqualified deferred compensation devices, and qualified pension and profit-sharing plans. A comparative study of tax systems of the world, including income and wealth transfer taxes and taxes on consumption.
Primary emphasis is on basic structural features and policies.
Selected topics on tax policy, including income, estate, and gift tax implications of the time value of money, personal consumption taxes, value-added taxes, and the tax expenditure budget. Bilateral income tax conventions between countries to alleviate double taxation of income from international investments and activities and to provide for exchanges of tax information and consultation between tax authorities. Some students may be afforded an opportunity to participate in research projects of faculty members. Significant current developments in tax law, often with emphasis on policy considerations. Course content and coverage vary.