LAW6001 Assessment 2 Group Presentation Page 1 of 6 ASSESSMENT BRIEF Subject Code and Title LAW 6001 Taxation Law Assessment Assessment 2: Presentation Individual/Group Group Length A powerpoint...

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LAW6001 Assessment 2 Group Presentation Page 1 of 6 ASSESSMENT BRIEF Subject Code and Title LAW 6001 Taxation Law Assessment Assessment 2: Presentation Individual/Group Group Length A powerpoint and/or multimedia presentation of between 15 and 20 mins duration. A electronic copy of the presentation and any class handouts prepared must be supplied to the lecturer Learning Outcomes Students are required to work in a group to prepare and present a presentation addressing an aspect of taxation they find interesting. This can be the home taxation system for overseas student, alternative assessment bases, unusual tax systems from history or currently in use. Specific learning outcomes d) Identify and analyse the tax treatment of various types of income and deductions. f) Work and communicate effectively in a team within a professional context to develop advice for a client. Submission Week 5 / Module 3.1 Weighting 10% Total Marks 10 marks LAW6001 Assessment 2 Group Presentation Page 2 of 6 Context: In the world of financial services and taxation it is necessary to develop and present in a variety of different formats. It is also necessary to work in a group to achieve outcomes. The assessment assesses the ability to agree on a topic, research the topic and develop an informative and engaging presentation. Instructions: As a group you need to decide on a research topic. Possible topics include:  An overview of your own tax system - overseas students only. Only one overview per country is available. It is possible for one group to do an overview of the system and another group to focus on one aspect of the country’s tax system.  A strange or unusual tax currently used in a jurisdiction  A strange or unusual tax from history  The history of income tax in Australia  An example of social change caused by taxation  An example of social unrest caused by taxation.  Alternative forms of taxation such as wealth taxes  Other topics agreed to by the lecturer It is necessary to relate your topic to the indicators of good tax policy and conclude whether the indicators are present. The presentation must be done as a group of 3 to 5. Each member must research and present a part of the presentation. The presentation needs to be electronic in the media chosen by the group, such as powerpoint. Imbedded external videos are allowed, however the presentation cannot consist of playing videos. It is necessary for each member to discuss their section and be prepared to answer questions on its content. It is also a requirement to have a related hard copy handout for the class members. An electronic copy of the presentation and related class materials must be provided to the lecturer. Each student is assessed on their contribution, it is therefore possible for students within the same group to be awarded different marks. LAW6001 Assessment 2 Group Presentation Page 3 of 6 MARKING RUBRIC Assessment Attributes Fail (Unacceptable) Pass (Functional) Credit (Proficient) Distinction (Advanced) High Distinction (Exceptional) Grade Description (Grading Scheme) Evidence of unsatisfactory achievement of one or more of the learning objectives of the course, insufficient understanding of the course content and/or unsatisfactory level of skill development. Evidence of satisfactory achievement of course learning objectives, the development of relevant skills to a competent level, and adequate interpretation and critical analysis skills. Evidence of a good level of understanding, knowledge and skill development in relation to the content of the course or work of a superior quality on the majority of the learning objectives of the course. Demonstration of a high level of interpretation and critical analysis skills. Evidence of a high level of achievement of the learning objectives of the course demonstrated in such areas as interpretation and critical analysis, logical argument, use of methodology and communication skills. Evidence of an exceptional level of achievement of learning objectives across the entire content of the course demonstrated in such areas as interpretation and critical analysis, logical argument, creativity, originality, use of methodology and communication skills. Knowledge and understanding Limited understanding of required concepts and knowledge Key components of the assignment are not addressed. Knowledge or understanding of the field or discipline. Resembles a recall or summary of key ideas. Often conflates/confuses assertion of personal opinion with Thorough knowledge or understanding of the field or discipline/s. Supports personal opinion and information substantiated by evidence from the research/course materials. Highly developed understanding of the field or discipline/s. Discriminates between assertion of personal opinion and information substantiated by robust evidence A sophisticated understanding of the field or discipline/s. Systematically and critically discriminates between assertion of personal opinion and information substantiated by http://www.tua.edu.au/media/50742/a240_grading-scheme.pdf LAW6001 Assessment 2 Group Presentation Page 4 of 6 40% 0 - 19 information substantiated by evidence from the research/course materials. 20 -25.9 Demonstrates a capacity to explain and apply relevant concepts. 26-29.9 from the research/course materials and extended reading. Well demonstrated capacity to explain and apply relevant concepts. 30 - 34.4 robust evidence from the research/course materials and extended reading. Mastery of concepts and application to new situations/further learning. 34.5- 40 Critical reasoning Formation of recommendations based on the identification of the issues and the application of case law principles and relevant legislation identified in the research process. Difficulty in formulating own opinion and a lack of recognition of the various issues. A lack of application of the relevant case law and/or relevant legislation Difficulty in justifying own opinion. Some recognition and discussion of the various issues. Some application of the relevant case law and/or relevant legislation Own opinion is partly justified with reference to case law and/or relevant legislation. Recognition and discussion of the various issues identified in the question Application of the relevant case law and/or relevant legislation to these issues Own opinion is justified with reference to case law and/or relevant legislation. Recognition and discussion of the various issues identified in the question plus others identified by the student Application of the relevant case law and/or relevant legislation to these issues Sophisticated arguments supporting own opinion is justified with reference to case law and/or relevant legislation. Recognition and discussion of the various issues identified in the question plus others identified by the student and problems identified Application of the relevant case law and/or relevant LAW6001 Assessment 2 Group Presentation Page 5 of 6 30% 0-14.9 15-19.4 19.5-22.4 22.5- 25.4 legislation to these issues 25.5-30 Presentation skills 15% Generally poor presentation skills with little to no audience engagement, no attempt to practice or develop a coherent presentation Clearly underprepared with no coherent grasp of their part. 0 - 7.4 Some evidence of preparation and involvement in the group work. Some knowledge of their particular part. No clear, cohesive presentation 7.5- 9.4 A good presentation showing signs of practice both on their own and within the group context. Some attempt to develop a cohesive whole in the presentation Able to answer basic questions on their particular part 9.5 – 9.9 A very good presentation, clear evidence of practice both on their own and within the group context. A clear attempt to develop a cohesive whole in the presentation Able to answer advanced questions on their particular part and consider possible improvements 11-12.9 An excellent presentation showing signs of extensive practice both on their own and within the group context. The presentation is a well developed cohesive whole. Able to answer advanced questions on their particular part and consider possible improvements and suggest policy changes, or other practical suggestions for implementing change. 13-15 LAW6001 Assessment 2 Group Presentation Page 6 of 6 Effective communication Ability to effectively communicate conclusions, ideas and the key aspects of the student’s personal analysis of the issue 15% Difficult to understand for audience, no logical/clear structure, poor flow of ideas, argument lacks supporting evidence. No effort is made to keep audience engaged, audience cannot follow the line of reasoning. Little use of presentation aids, or the presentation aids and material used are irrelevant. 0- 7.4 Information, arguments and evidence are presented in a way that is not always clear and logical. Attempts are made to keep the audience engaged, but not always successful. Line of reasoning is often difficult to follow. Presentation aids are used more for effect than relevance. 7.5- 9.4 Information, arguments and evidence are well presented, mostly clear flow of ideas and arguments.
Answered Same DayJun 29, 2020LAW6001Torrens University Australia

Answer To: LAW6001 Assessment 2 Group Presentation Page 1 of 6 ASSESSMENT BRIEF Subject Code and Title LAW 6001...

Aarti J answered on Jul 02 2020
125 Votes
History of Income tax in Australia
History of Income tax in Australia
Introduction
Income tax was introduced in the year 1915
Between 1915 and 1942, income taxes were levied on the state and federal level.
In 1942, income ta
x was consolidated by the federal government to increase the revenue
In the year 1915, the government initiated the income tax assessment Act No. 34 of 1915 and the accompanying income tax no 41 of 1915 were asented on 13th September 1915. The income tax was one of the most source of income for the Australian government and was peculiarly approporiate in the time of war.
2
Features of the income tax of 1915
The 1915 income tax base was largely confined to “ordinary” notions of income,
Deductions were allowed for losses or outgoings which incurred in Australia
State and local rates and taxes, which includes the state income tax and land tax, were deductible from the federal income tax base.
The 1915 income tax base was largely confined to “ordinary” notions of income, already established through judicial analysis of state income tax laws and British tax and trust law, being amounts that come in as a “flow”, including salaries, wages, rents and interest.
Deductions were allowed for losses or outgoings “actually incurred in Australia” for gaining the assessable income.
State and local rates and taxes, including state income tax and land tax, were deductible from the federal income tax base – consequently, the Commonwealth income tax took up the residual after the state income taxes applied.
3
Features of income tax of 1915
The 1915 Act included in income:
profits of any trade or business
dividends,
interest,
profits or bonus credited to members
beneficial interests in income under trusts
royalties,
bonuses,
premiums on property;
allowances,
gratuities,
bonuses or premiums
The 1915 Act specifically included in income the profits of any trade or business (net of cost of goods sold); dividends, interest, profits or bonus credited to members or shareholders of a company even if reinvested in the company; beneficial interests in income under trusts even if not paid to the beneficiary; royalties, bonuses, premiums on property; allowances, gratuities, bonuses or premiums in relation to employment;...
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