Special Subject Course on New Financial Instruments and Hybrid Entities (B-KUL-C9XA4B)
The objective of this course is to provide students with an in depth study of tax problems arising with various forms of financial instruments in major tax jurisdiction in order to enable them to give professional advice to clients.
General knowledge of the major areas of taxation of a national tax systems plus a general academic education
After a short introduction on what financial instruments actually are, the course will focus on the tax rules concerning financial instruments. All three sorts of financial instruments (equity or debt-based, risk management and employee benefit) are addressed. Amongst others, the following themes receive special attention:
(1) The differences between equity and debt for corporate and personal income tax and the financial instruments in the twilight zone in between (e.g. warrant loans);
(2) the fiscal treatment of financial risk-management instruments such as options, swaps, forwards and futures;
(3) the fiscal treatment of employer and employee if stock options are granted;
(4) the treatment under VAT rules of financial instruments.
Is also included in other courses