MULTIMEDIA UNIVERSITY

Cyberjaya Campus
ASSIGNMENT
FIRST TRIMESTER, 2011/2012 (SEMESTER 47)

BAC 4644 ADVANCED TAXATION

Date: 02 August 2011

ASSIGNMENT INSTRUCTIONS TO STUDENT 1) Attempt the assignment using your own words to present the arguments, discussions and your views in a cohesive and comprehensive manner. References and authorities must be quoted where appropriate. Each group shall comprise FIVE (5) members from any tutorial group (an exception would be made for the last group only). All assignments must be typewritten, stapled and tape bound (no ring binding), and only one (1) hard copy together with a softcopy on a Compact Disc (CD) must be submitted by hand. Your assignment has no restriction on the number of pages but must include a title page, a content page, reference page including the assignment question and should be printed using font TNR, font size 12, margins at 4 cm all round with 1.5 line spacing, The first page MUST contain the following information: a) Name of the university b) Subject and code number c) Name of lecturer in full d) Group number e) Name of the group leader on the first line and the student name, ID number and the mobile contact number of each of the group members, including the leader. The assignment carries 100 marks and would constitute 20 percent of your final examination grading. The submission deadline is Monday, 5th September 2011.

2) 3)

4)

5)

6) 7)

ASSIGNMENT FIRST TRIMESTER, 2011/2012 SESSION (SEMESTER 47) BAC 4644 ADVANCED TAXATION

ASSIGNMENT QUESTION 1 Identify ten (10) decided case laws in EACH of the following categories: Taxability or non-taxability of receipts; and Deductibility or non-deductibility of expenses

For each of the cases identified, indicate briefly the facts of the case, the arguments advanced for the taxpayer and for the revenue and the decision of the relevant appellate body. In the case of any appeal from a lower appellate body, then identify the point of law on which the appeal was made, and the decision at the relevant appeal courts citing the grounds for the decision. For each of the case chosen, express your considered opinion on the judgement delivered in the context of the tax law and the business practice. (50 Marks)
Note: Students are encouraged to use the CCH on-line case laws available at the MMUs Siti Hasmah Library in respect of local cases; and the internet resources in respect of any foreign cases. Do not reproduce the case.

QUESTION 2 Discuss the impact of income tax incentives on selected specialised industries in relation to the economic transformation of a country in the context of Malaysia, both in the short term and long term. (25 Marks) QUESTION Discuss aspects of international tax planning, tax avoidance and tax evasion and the possible impact it would have on the national economy. Your discussion should take into account the recent financial crisis in the international arena. (25 Marks) [Total: 100 marks]

End of assignment

ASSIGNMENT FIRST TRIMESTER, 2011/2012 SESSION (SEMESTER 47) BAC 4644 ADVANCED TAXATION

WARNNING ON PLAGIARISM AND COLLUSION Plagiarism is using another persons materials, works, compositions, ideas, statement, even style or expression whether published or not and passing these off as your own by failing to give appropriate acknowledgement. In academia, this failure is viewed most seriously. Collusion is the presentation of work which is the result in whole or in part of unauthorized collaboration with another person or persons, other than with members of your own group. Students should practice professionalism and ethics by acknowledging work other than their own when working on this assignment. Any works referred to should therefore be duly acknowledged and given credit for, whether it is an idea or statement. This is in preparation for your future role as a professional in your chosen field. Not acknowledging the source may be treated as cheating in terms of the university rules and regulations as these amounts to plagiarism. Take note that where it appears to the lecturer that there are reasonable grounds for believing that the work submitted is not an original effort or that plagiarism and /or collusion has occurred, the lecturer has the right to award a lower mark than would otherwise have been awarded if the submitted assignment or report had been an original work, or in exceptional cases, to reject the work outright, and accordingly award no marks for the work submitted (the terms work, assignment and report are used interchangeably in this context). The decision of the lecturer in the award of the marks for the work submitted is final and there is no appeal against such marks awarded will be entertained. ooooo

ASSIGNMENT FIRST TRIMESTER, 2011/2012 SESSION (SEMESTER 47) BAC 4644 ADVANCED TAXATION

STATEMENT BY STUDENT OR GROUP LEADER [Note: this statement must be attached to the assignment submitted]

1) 2) 3) 4)

I have read the universitys statement on cheating and plagiarism, as described and have understood its meaning and implications. This assignment is an original work and has not previously been submitted in this or as part of another unit/subject/course; I /We have taken proper care of safeguarding this work and made all reasonable effort to ensure it could not be copied; I/We acknowledge that the assessor or lecturer of this assignment may for the purposes of assessment, reproduce the assignment and: a. Provide the materials to another member of the faculty; and/or b. Communicate it to the universitys plagiarism checking service (which may then retain a copy of the assignment on its database for the purpose of future plagiarism checking);

5) 6)

I/We understand the consequences for engaging in plagiarism as described in university rules and regulations; I/We certify that I/We have not plagiarized the work of others or participated in unauthorized collusion when preparing this assignment; and If I/We am/are fully aware that if the lecturer has reasons to believe that the work submitted is not an original effort or that plagiarism and /or collusion has occurred, the lecturer has the right to award a lower mark than would otherwise have been awarded if the submitted assignment or report had been an original work, or in exceptional cases, to reject the work outright, and accordingly award no marks for the work submitted. I/We further acknowledge that the decision of the lecturer in the award of the marks for the work submitted is final and there is no appeal against such marks awarded will be entertained.

7)

8)

Signature.................................................... ..................................................................... Name of Student or Group leader and Student ID number Date

ASSIGNMENT FIRST TRIMESTER, 2011/2012 SESSION (SEMESTER 47) BAC 4644 ADVANCED TAXATION

Addendum 1
Marks will be allocated in the appropriate instances as follows:

Description of marking criteria

1 Contents and structure Relevance Application of the law Depth and breadth of the topic discussed Accuracy law and facts Concept Analytical thinking Balanced critical thinking Originality of thoughts Well developed arguments Presentation Framework Organized flow Fluency and prose Grammar Spelling Reference Range of source Relevancy of sources Citation protocol Total marks 45

30

15

10

100