87525 - International Taxation of Financial Transactions

Academic Year 2021/2022

Learning outcomes

The goal of the course is to offer a complete and systematic overview of the international taxation of financial instruments. In particular, the course will focus on the territorial limits to taxation, on the taxation of revenues deriving from investments in financial activities, on the exam of the system of withholding taxes applicable to the income deriving from foreign investment and foreign activities of financial nature and on the taxation of international and cross-border savings with particular attention to Double taxation treaties. At the end of the course, the student will be able to identify the relevant tax regime and to assess the effect of the tax variable on a proper planning of investments and disinvestments.

Course contents

The course aims to provide students with a comprehensive knowledge of both the Italian and international tax systems, focusing on the taxation of financial instruments. The first half of the course will examine the following subjects: general principles of taxation; classification of revenues; personal and corporate income tax principles; VAT; tax litigation; principles of international taxation; double taxation and DTAs; tax planning and tax avoidance. The second half will examine the following matters: classification of financial instruments; financial and investment derivatives; interest income taxation; capital gains taxation; investment funds classification and taxation; financial transaction tax (FTT).

Readings/Bibliography

Didactic material by the teacher

Teaching methods

Lectures, discussion of case studies.

Assessment methods

The student's preparation will be verified by an oral examination, save for intermediate tests, which will be held in written form and in presence, if sanitary conditions allow, with open questions. Alternatively, oral tests will be held.

The evaluation criteria are as follows:

1. Exactness of content.

2. Exactness of responses.

3. Clarity of exposition and command of vocabulary.

4. Ability for systematic framing.

Given the articulation of the evaluation criteria, a grade less than 18 is insufficient; between 18 and 23 sufficient; between 24 and 26 good; between 27 and 30 very good. 30 cum laude is excellent.

Teaching tools

material discussed during the lessons

Office hours

See the website of Roberto Baboro