Learning objectives
having offered the students a basic introduction to tax, the course aims to examine the subject of private and corporate financial income for the purposes of personal income tax (Irpef) and corporate income tax (Ires).
Course unit content
<br />Following an analysis of the general principles (pro tempore accounting system, assessment criteria, etc.), the course analyses the topics of fiscal regulations that influence, on one hand, the financial decisions of private citizens and on the other hand, the financial decisions made by businesses. <br />
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General part (6 hours) <br />
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Introduction to tax and duty law <br />
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The sources – constitutional principles <br />
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The passive subject (territoriality, residence, permanent establishment) <br />
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The withholding agent <br />
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income categories <br />
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Unearned income <br />
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Business income <br />
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Other income <br />
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Financial decisions of physical persons (10 hours) <br />
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Financial savings <br />
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Fixed income (bonds, government bonds, etc.) <br />
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Dividends <br />
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Moveable and immovable common investment funds <br />
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Managed and administered savings <br />
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Currency operations <br />
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Financial life insurance policies (unit linked and index linked) <br />
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Long term care / annuities <br />
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Derivative contracts <br />
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Capital gains <br />
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Stock options <br />
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Social security savings <br />
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Compulsory social security <br />
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Supplementary social security <br />
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Pension funds <br />
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Funds under Italian civil code art. 2117 <br />
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Private insurance plans <br />
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Personal insurance <br />
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Retirement bonus <br />
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Contract termination bonus <br />
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Pure risk life insurance policies <br />
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Accident and permanent invalidity policies <br />
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Financial decisions by companies (14 hours) <br />
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General principles <br />
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Subjective and objective conditions (company, non-profit companies, permanent establishments) of Ires (Corporate Income Tax) <br />
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Civilistic balance sheets and business income <br />
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Company property <br />
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Pro-tempore accounting system <br />
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Principle of certainty and determinability <br />
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Assessment criteria <br />
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Principle of continuity <br />
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The transparency regime <br />
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Fiscality and corporate finance <br />
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Fixed income (bonds, government securities, etc.) <br />
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Dividends <br />
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Moveable and immoveable common investment funds <br />
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Currency operations <br />
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Financial life insurance policies and retirement and contract termination bonus coverage <br />
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Derivative contracts <br />
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Participation exemptions <br />
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Thin capitalization <br />
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Consolidated tax accounts <br />
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Real estate leasing <br />
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Securitization <br />
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Credit transfer and insurance
Bibliography
The professor will distribute lecture notes for each lesson and explanatory slides; the material will be distributed in photocopy format and will also be available on the faculty website.
