10666 Taxation I
Credits: 6 intermediate credits in Accounting
Authors: Eli Piterman, Rami Yulius, Nissim Cohen
The course acquaints students with tax law and illustrates the material through the analysis of relevant cases.
Objectives: To provide students with an understanding of the purpose of taxation and to acquaint them with the taxation method; to acquaint students with basic concepts and definitions in the Income Tax Code; to discuss principles of income taxation in Israel and abroad; to examine rules for recognizing expenses and losses; to understand the overall system of revenue income taxation in Israel.
Topics: Introduction to taxes and to income; Income from a business; Income from labor; Passive income; Other income and special transactions; International taxation; Other income – exemptions; Expense and loss deductions; Financing expenses; Other expenses.