TAXA3000 Foundations of International Taxation1

Question:

Please do the USA as it easy to find information.

Choose a country that we do not study in class (e.g. the country CANNOT be Indonesia, Hong Kong, Malaysia and Singapore) and describe the following elements/features of that country’s tax system flowing the topics:

· income tax;

· company tax;

· consumption tax; and

list in a table format any Double Tax Agreements (“DTAs”) that country has with other countries. Discuss the function and importance of DTAs and whether in your opinion this country has a comprehensive treaty network.

Compare these elements of that country’s tax system to Australia’s tax system and evaluate how that country’s tax system ranks in terms of simplicity, equity, certainty and efficiency.

You should also identify any taxation issues that have been of concern or have been discussed in the last 12 months by the government, the media or the business community in the country that you have chosen.