| NEW
YORK - MIAMI - LA - HONG KONG - DUBAI - SINGAPORE - BEIJING
Syllabus
for Global Commerce Law & Taxation - LLM125
Ms.
Ana Penn and IBLS academic staff - Possible Faculty
Global Commerce Law & Taxation: Joe,
who resides in San Diego, gives you a credit card number
in payment for goods that you will ship to him from Denver.
You ship the goods and bill the credit card account. And, baring any problem with the goods on arrival, the transaction
is completed.
The cross border vendor must be aware of international
shipping forms, transfer agents, customs and tariff administration
just to ship goods to Montreal, where secure shipping links
are in place, and courier services can handle most problems.
When a customer from Djibouti orders the same goods,
it is not reasonable to assume that the same shipping and
payment conventions will apply.
Djibouti is in an African Free Trade Zone, see the
COMESA Clearing House for commercial bank clearing operations
and debtor balances. The more appropriate way to do business
worldwide is by the use of an electronic purse.
Even if you are shipping to California, do you know
the local tax rates that apply? In California there are
58 counties, each with its own rate.
Expand that problem to include European Union tax
regimens, and consider the OECD Model Income Tax Convention
and your eyes begin to spin.
The students in this course will deal with the concepts
of Cross Border transactions, banking and payment mechanisms,
international e-commerce taxation, and online financial
services.
E-COMMERCE
TAXATION COURSE MODULES
Module
1
Introduction to E-Commerce Taxation
Ÿ
Models of the Internet economy and their impact
on E-Commerce
Ÿ
Tax rules of E-Commerce transactions
Module
2
E-Commerce Taxation Issues
Ÿ
The
key reasons that E-Commerce raises tax issues
Ÿ
Taxing Jurisdiction and E-Commerce Transactions
Ÿ
Electronic Commerce and Transfer Pricing
Module 3
Tax Compliance
Ÿ
E-Commerce Tax Administration and Compliance
Issues
Ÿ
Suggested Solutions to the Cost Burden of
Global Tax Compliance
Ÿ
Administrative
and Compliance Costs of VATs in Selected OECD Countries
Module
4
Outbound Transactions and Inbound Transactions
·
Transactions in E-Commerce involving U.S.
Citizens and residents, and domestic corporations
·
E-Commerce transactions initiated by non-resident
aliens and foreign corporations
Module
5
Consumption Tax
·
Rules for the Consumption Taxation of Cross
border Trade
·
Guidelines on the Definition of the Place
of Consumption for Consumption Taxation of Cross-Border
Services and Intangible Property
Module
6
Sales and Use Tax
·
State Taxation of the Internet
·
Concept of Nexus in Sales and Use Taxes
·
Recommendations of Collecting Taxes on Out
of State Sales
Module
7
Federal Income Taxation
·
Federal
excise taxation of the internet
·
The
international tax provisions
Module
8
International E-Commerce Taxation
·
Permanent Establishment Definition
·
Attribution of Profit to a Permanent Establishment
involved in E-Commerce Activities
·
Treaty Characterization Issues of Payments
on Various E-Commerce Transaction
Module
9
International Taxation of Digital Products and Services
·
Classification of
Payments Resulting from Digital Transactions
·
Classification of Payments of Services and
Know-how
·
Income Tax and Electronic Commerce
Module
10
International Organizations
·
Foreign Corporation and E-Commerce
·
The impact of corporate taxes
·
Trading by Non-residents – Permanent
Establishment
·
Capital Allowances
Module
11
Taxation of Offshore E-Commerce
·
A quick overview of major developments in
the taxation of e-commerce with special reference to offshore
e-commerce
·
US taxation of onshore and offshore e-commerce
transactions including recent legislative developments
·
EU taxation of onshore and offshore e-commerce
transactions including recent legislative developments
Module
12
Regulation of Offshore E-Commerce
·
A
quick overview of major developments in national and international
regulation of e-commerce with special reference to offshore
e-commerce
·
A
review of the range of laws impacting the conduct of onshore
and offshore e-commerce
·
International
initiatives to regulate e-commerce and offshore e-commerce;
anti-offshore initiatives.
·
International
initiatives from the G7, the OECD and the EU to restrict
offshore regimes and their tax-saving possibilities
·
The
laws passed in 'high-tax' countries and links to descriptions
of the legislative situation in each offshore jurisdiction
Module
13
E-Commerce and Tax Policy
·
Issues
under consideration by government officials, politicians,
academics and policy makers
·
No Multiple and Discriminatory Taxation
·
No Taxation without Representation
·
Tax Competition, not Tax Collusion
·
Protect Consumer Privacy
·
Reform or abolish “Taxes”
Module
14
Future Direction of Tax Laws in E-Commerce
·
The
advisory commission of Internet Tax Freedom Act recommendations
on Use and sales taxes
·
Business
activity and corporate income taxes
·
Internet
access, taxation of telecommunications services and providers
·
International
taxes tariffs.
LLM
Online Course Requirements for AAFM Financial Board Certification:
- CWM
Chartered Wealth Manager - Take LLM 131, and LLM200
- CTEP
Chartered Trust & Estate Planner - Take: LLM111 and
LLM 131
- CPM
Chartered Portfolio Manager - Take LLM 222
- CRA
Chartered Risk Manager - Take LLM106 and 110
- CAM
- Chartered Asset Manager - Take LLM 104 and LLM 105
- CMA
- Chartered Market Analyst - Take LLM 333 (Must of Masters
Degree, JD or CPA)
- RFS
- Registered Financial Specialist - LLM 101 and LLM 102
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