BUS160 Tax Law for Economists

Knowledge

The student:

• will have knowledge of the principles of the tax law
• will be familiar with the main rules on income and wealth taxes, including the main principles for allocation to the taxpayer/subject
• will be familiar with the central rules for deductions in taxes
• will have knowledge of the tax payment and tax administration
• will have knowledge of central rules for overriding

Skills

The student:

• can determine what taxable income and deductible expenses, and make proper allocation and time-fixing for people with simple income, as well as calculate the tax, including social security contributions
• can consider how benefits gained from work are treated accordingly by an employer (deduction, employer's contribution, withholding)
• can predict tax on capital investments, as well as calculate tax gain/loss on realization of capital goods, including property and shares

General competence

The student:

• can apply law and regulation in dealing with tax issues
• can update and acquire new knowledge within tax law
• can communicate key subjects in writing and oral
• can reflect on ethical issues within the subject
• can see the subject in a broader context from a societal perspective