SDSU Aztecs Abroad: Accounting in Shanghai studies the US federal taxation of individuals, including the interaction of the Chinese taxes for a US expat working in China.
China is a growing area for US businesses, and US businesses send expatriates to China. How are these US expatriates taxed in the USA? What are the US and Chinese tax obligations on their earnings in the USA and China? The US taxes US citizens on a worldwide basis, so understanding the US taxation of individuals as covered in the Acctg 503 class will provide students with an edge in the global economy. Shanghai is one of the current shining business locations in China, as well as a great history of conducting global business trade.
The purpose and scope of the course is the US federal taxation of individuals, including income, deductions, credits, social security taxes, and property transactions. This course will have an international taxation component, providing the interaction of the tax system of China and the USA for a US person living in China (“US expat.”)
San Diego State University
CES Faculty-Led Programs
Course Dates: July 5-22, 2016
Dates Abroad: July 8-22, 2016
The primary objective of the course is to help you understand the US International Tax rules. You will gain an in-depth understanding of the fundamentals of the US tax law in an international context and apply that understanding with international tax planning concepts. The focus of this course is the US federal income tax rules as it relates to international and cross-border transactions.
By the end of the course students should be able to:
Identify and explain key US international tax concepts.
Apply international tax concepts.
Perform international tax calculations.
Explain the federal constitutional and statutory limitations on federal taxation, and be familiar with some major judicial and statutory authorities.
Draw supportable conclusions regarding tax issues by using research skills (including accessing and interpreting sources of authoritative support) to identify and evaluate issues.
Apply oral and written communication skills to high quality professional presentations and group discussions.
Instructor: Narelle E. MacKenzie CPA
Class Days: Wednesday
Class Times: 7pm-9.40pm
Class Location: GMCS 306
Office Hours Times: Wednesday 2pm-3.30pm
Office Hours Location: SSE2429
Units: Three (3)
7676 Hazard Center Drive
San Diego, CA 92108
Tax Savings of $750 Million.
Contract Review resulted in indirect tax savings of $750 million over the life of the contract by utilizing exemptions, certificates, and where that was not possible, changing the Importer of Record to a related party.
Global Tax Savings of $20 Million.
Tax savings accomplished through structured placement of assets that was tax free for US tax purposes but provided a step-up in basis for foreign country purposes.
Reduction of Taxes to $0.
Identified a solution for a US joint venture with a US partner and a foreign partner, operating in a third country, which reduced US taxes for the foreign partner, on the foreign operation, to zero.