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LAW-B 732: ADVANCED TAX (1 - 3 credit)

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Significant current policy issues in defining a tax base. 9L0 the definition of income as it applies to like kind exchange, compulsory conversions, capital gains, and fringe benefits; the use of a subjective satisfaction criterion to define the tax base; tax shelters; a consumption tax; wealth taxation; comparison of income definitions in tax and welfare.