CORPORATE FINANCE AND TAX MANAGEMENT:
Corporate finance and tax management
Chair of Financial Law and Financial Science
Corporate finance and tax management
Study: Tax - 5. semester
Code: 123942
ECTS: 5.0
Course coordinators: doc. dr. sc. Jasna Bogovac
Exam dates:
  • 15. 11. 2021.
  • 24. 01. 2022.
  • 07. 02. 2022.
  • 19. 04. 2022.
  • 31. 05. 2022.
  • 13. 06. 2022.
  • 27. 06. 2022.
  • 29. 08. 2022.
  • 12. 09. 2022.
Exam registration: Studomat
Basic data
Corporate finance and tax management Tax - 5. semester
5.0 123942
Lecturer in charge Consultations Location
doc. dr. sc. Jasna Bogovac

Mondays at 15.30 and in other terms by arrangement (room 9, ĆM or online).

Prior announcement to: jbogovac@pravo.hr

Ćirilometodska 4, room Room 9
Literature
REQUIRED: J. Bogovac; Oporezivanje multinacionalnih korporacija - odabrana poglavlja; Pravni fakultet Sveučilišta u Zagrebu (2014), str. 1 - 101; 131 - 246; 291 - 300
RECOMMENDED: Brealey, R. A., Myers, S. C., Marcus, A. J.; Osnove korporativnih financija; Mate (2007)
RECOMMENDED: Raffaele Russo; Fundamentals of International Tax Planning; IBFD (2007)
RECOMMENDED: Bragg, S. M.; CFO Financial Leadership Manual; Wiley (2007)
RECOMMENDED: J. Bogovac; Ostali dijelovi knjige "Oporezivanje multinacionalnih korporacija"; Pravni fakultet Sveučilišta u Zagrebu (2014)
Description
Introduction. Multinational corporations (MNCs). Globalization. Tasks and organization of MNC. (2L)
Tasks and organization of the financial function. Tasks and organization of the tax function. The importance of taxation in MNC strategic decision making. (2L)
Legal and organizational forms and modes of operation of MNCs. (2L)
MNK tax control. Unilateral measures (Part I). (2L)
Unilateral measures of tax control of MNCs (continued). Legal aspects of the tax report (introduction). (2L)
MNC accounting regulations and financial statements. Corporate governance. Mergers and acquisitions. (2L)
Financing decision and effects of taxation (introduction). Capital financing. Debt financing. Debt and cost of share capital. (2L)
Interest tax shield. Theories of corporate capital structuring. Other factors of indebtedness and capital structure. (2L)
MNC and capital structure. Thin capitalization. Concluding on the optimal capital structure and the importance of taxes. (2L)
Thin capitalization as a special view of the impact of income tax on capital structure. Conclusions on the optimal capital structure and the importance of taxes. (2L)
Investment decision and tax aspect. Net present value (introduction). (2L)
Cash flow identification. Discount rate calculation. Project risk and capital asset pricing model. Cash flow discounting. (2L)
The impact of taxes on the value of investments and research decisions. (2L)
Example - a case study of the calculation of the net present value of a project with the calculation of the weighted average cost of capital (3 scenarios). Research results. (2L)
Results and discussion of research on the legal and economic factors of corporate taxation. The primacy of legal aspects. The paradox of tax incentives. Recommendations for the future. Tutorial of total material. (2L)
Exam dates
15. 11. 2021.
24. 01. 2022.
07. 02. 2022.
19. 04. 2022.
31. 05. 2022.
13. 06. 2022.
27. 06. 2022.
29. 08. 2022.
12. 09. 2022.