Faculty of Economics and Business
BACHELOR IN ECONOMICS THIRD YEAR Course
Taxation
Code
802366
Module
Economic environment
Area
Taxation
Nature
Compulsory 6
Attendance
2
Credits
Non Attendance
4
Year
3
Semester
6
COORDINATION DEPARTMENT Economía Aplicada VI
COORDINATOR AND CONTACT M.Carmen Moreno;
[email protected]
SYNOPSIS BRIEF DESCRIPTION This course introduces students to the fundamentals of the Spanish Tax System and the current set-up of the main taxes in Spain (i.e. personal income tax, corporate income tax, consumption tax and wealth net tax) from both points of view; theoretical and applied. Analysis of the actual Spanish Personal Income Tax: theory and application.
PRE-REQUISITES None
OBJECTIVES To understand and be able to analyse the design of the Tax System and its components. To understand the structure of the Spanish Tax System (with special reference to the Personal Income Tax)
Faculty of Economics and Business
COMPETENCES General: CG1, CG2, CG3 y CG4. Transversal: CT1, CT2, CT3. Specific: CE1, CE2, CE4, CE8.
LEARNING METHODOLOGY A mixed methodology of teaching and learning will be used in all educational activities with the aim of encouraging students to develop a collaborative and cooperative attitude in the pursuit of knowledge.
TOPICS COVERED (Syllabus) PART I: Taxation INTRODUCTION: Public revenues and taxes. Basics concepts and tax principles. ITEM 1. Personal Income Taxation (PIT) -
Definition, importance and economic justification of the tax.
-
Income as a proxy of ability to pay.
-
Progressivity, the choice of taxpayer unit and inflation.
-
The Spanish PIT.
ITEM 2. Corporate Income Taxation (CIT) -
Definition, importance and economic justification of the tax.
-
The structure of the corporate income tax.
-
Dividend policy, financial structure, investment and inflation.
-
Mechanisms to correct double taxation: Integration of the CIT and PIT.
-
The Spanish CIT.
ITEM 3. Wealth Net Taxation. -
Definition, importance and economic justification of the tax.
-
Wealth taxes.
-
Wealth net taxation in Spain.
ITEM 4. Indirect taxation on consumption -
Definition, importance and economic justification of the tax.
-
Selective taxation on consumption.
-
General taxation on consumption: value added tax (VAT).
-
Indirect taxation in Spain. The European VAT.
PART II: The Spanish Tax System: Personal Income Tax (PIT). ITEM 5. Basic concepts of the Spanish Tax System. -
General provisions and main concepts of the tax system.
-
Fiscal reforms in Spain: an overview.
Faculty of Economics and Business ITEM 6. PIT (I): General, Personal and temporal concepts. The taxable income. -
Nature, purpose and scope.
-
Tax liability.
-
Taxpayer.
-
Tax period, tax accruals and temporary entry.
-
Taxable base.
-
Quantifying the sources of income included in the taxable base.
ITEM 7. PIT (II): Filing return and tax management -
General taxable base and savings taxable base.
-
Personal and family allowances.
-
Tax payable.
-
Net tax payable.
-
Differential fee and tax debt.
-
Joint taxation. Peculiarities.
-
Tax management.
-
Filing the PIT form
TEACHING ACTIVITIES DISTRIBUTION Theoretical classes
% of Total Credits
40 %
Description: A short introduction to the main theoretical concepts, using a schematic description of contents, illustrated by examples. Objectives: To facilitate a full understanding of concepts and to provide students with sufficient tools for personal study.
Practical lessons
% of Total Credits
50 %
1) Students reading and studying Description: With help, guidance and supervision provided in theoretical classes, students will read and study the bibliography recommended for this subject. Objectives: To facilitate a better use of time during the practical classes. 2) Individual exercise resolutions (in class) Description: Students have to describe the resolution process of exercises (and subsequently will present the whole resolution process in the classes). The activity requires the active participation of students. Objectives: To consolidate the resolution process, including a cooperative and active learning process. 3) Case studies (working groups) Description: Working groups have to describe the resolution process of proposed exercises (and subsequently will present the whole process in the classes). The activity requires the active participation of students. Objectives: - To consolidate the resolution process among the students including a cooperative and active learning process.
Faculty of Economics and Business - To consolidate concepts related to tax systems. - To develop teamwork capabilities. - To develop the management of audio-visual techniques for making presentations. - To learn how to organize a topic: public presentation and argumentation of the adopted solution in a reasoned way. - To learn speaking skills.
Other Activities
% of Total Credits
10 %
- Discussion of press articles and/or academic papers related to tax reforms. - Partial evaluation tests. - Individual and group tutorials.
ASSESSMENT Exams
% Share of Final Grade
60 %
Assignments
% Share of Final Grade
30 %
Homework and in class assignments (20%). Midterm quizz (10%)
% Share of Final Grade
Other activities
10 %
Active class participation, in class debates and discussion of press articles and/or academic papers.
EVALUATION CRITERIA •
General criteria: Continuum evaluation through the individual and group homework assignments + final exam common to all the groups.
•
Final exam: o Common to all the groups o Final exam accounts 60% of final grade o Required minimum score to pass: 5 o Structure: 3 parts
•
Multiple choice Quizz, 20 questions, 30 minutes, closed book/closed notes. 2 short questions, 20 minutes, closed book/closed notes. Practical exam: PIT tax return, 1 hour and 10 minutes.
Other marking mechanisms: o Individual and group mentoring o Midterm exam o Active class participation
(1) The midterm will be in class, covering topics 1-4.
Faculty of Economics and Business •
Any student not attending at final exam will be graded as “Not Taken” (including June and “convocatoria extraordinaria” exams). This applies even though he/she has totally/partially participated in the continuous assessment.
TIMETABLE WEEK 1 2 3 4 5 6 7 8 9 10 11 12 13
SESSION TOPIC(S) INTRODUCTION ITEM 1 ITEM 1 ITEM 2 ITEM 2 ITEM 3 ITEM 4 SEMINAR 1 MIDTERM EXAM ITEM 5 ITEM 6 ITEM 6 ITEM 6 ITEM 7 SEMINAR 2 ITEM 7 ITEM 6. IN CLASS ASSINMENTS ITEM 7. IN CLASS ASSINMENTS ITEM 6. IN CLASS ASSINMENTS ITEM 7. IN CLASS ASSINMENTS SEMINAR 3
RESOURCES BASIC BIBLIOGRAPHY • Stiglitz, J.E. (2000), Economics of the Public Sector, New York: Norton&Company (3rd edition). • Van Boeijen Ostaszewska O. (eds.) (2011) European Tax Handbook 2011. International Bureau of Fiscal Documentation (IBFD). ISBN: 978-90-8722-093-8. • Rosen H.S., Gayer T. (2008) Public Finance. McGraw-Hill.
COMPLEMENTARY BIBLIOGRAPHY OTHER RESOURCES
Faculty of Economics and Business Agencia Estatal de la Administración Tributaria: www.aeat.es Asociación Española de Asesores Fiscales: www.aedaf.es Boletín Oficial del Estado: www.boe.es Confederación española de Cajas de Ahorro: www.ceca.es Información jurídica, económica y fiscal: www.injef.com Instituto de Estudios Fiscales: www.ief.es Intervención General de la Administración del Estado: www.pap.meh.es Ministerio de Economía y Hacienda: www.meh.es Portal jurídico con repertorio de legislación actualizada: noticias.juridicas.com Registro de Economistas Asesores Fiscales: www.reaf.es Web fiscal: www.datadiar.com Web de las Comunidades Autónomas. Madrid: www.madrid.org
