Eduardo Baistrocchi, CKK 7.33

This course is available on the LLM (extended part-time), LLM (full-time) and University of Pennsylvania Law School LLM Visiting Students. This course is available with permission as an outside option to students on other programmes where regulations permit.

This course is recommended for those studying LL4AY International Tax Systems and LL4AZ Taxation of Multinational Enterprises: Transfer Pricing.

This course has a limited number of places (it is controlled access) and demand is typically high. This may mean that you’re not able to get a place on this course.

The course will be relevant to the following LLM specialisms: Corporate and Commercial Law and Taxation.

This course provides a comprehensive introduction to business taxation using United Kingdom law as a case study. It focuses on how businesses, both incorporated and unincorporated, are taxed in the UK. Focusing on the key elements of UK business income taxation offers a useful example of business taxation in any country. These elements include an outline of the UK tax system, taxation of trading income, tax relief for losses, corporation tax and the nature of taxes on companies, taxation of dividends and other distributions, capital allowances (relief for depreciation), capital gains taxation, and partnership taxation.

This course will have two hours of teaching content each week in the Autumn Term and an additional two hours of teaching in the Spring Term. There will be a Reading Week in Week 6 of the Autumn Term.

Students will have the option of producing a formative essay of 2,000 words.

Anne Fairpo, Revenue Law: Principles and Practice, Bloomsbury Professional;

Edward J. McCaffery, Income Tax Law, Oxford University Press;

Tolley's Yellow Tax Handbook;

Eduardo Baistrocchi, ‘Global Tax Hubs’, Florida Tax Review (2024). Available at SSRN: https://ssrn.com/abstract=4544786.

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

Exam (100%, duration: 2 hours and 30 minutes) in the spring exam period.