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| DROI8026-1 | Law and Taxation of Financial Institutions
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| Duration : | 24h Th |
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| Credits/ECTS : |
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| Holder(s) : | Jean‑Pierre Bours |
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| Language : | Langue française |
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| Course contents : | 1. Scope
This course aims to initiate students in the law and taxation of banks and insurance companies, from a point of view of the problems that these institutions encounter at a legal level on the one hand, and, the taxation of their products on the other hand, the analysis of these products being limited to those relating to savings and investment.
2. Contents
a. Introduction. Banks and insurance companies. Bancassurance, assurfinance and bancassurfinance. Prudential control (CBFA). Bank secrecy. The European directive on savings taxation. "Special mechanism". Laundering.
b. The banking universe. (i) Banking products for private individuals. Interest, dividends, capital gain and group investments. (ii) Banking products for companies. (iii) CIU taxation system.
c. The world of insurance. Introduction. AICPCU and life assurance. (i) Life assurance and income tax. The three pillars. (ii) Life assurance and succession rights. |
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| Course objective : | After the course, students should be capable of:
- A1 Showing that they are familiar with the concepts relating to the world of banking and insurance, such as: bank secrecy and confidentiality; laundering; compliance; special mechanisms; the European directive on savings taxation. To be able to describe the taxation system of a savings or investment (shares and investment bonds, mutual funds, pension plans, life assurance, insurance bonds, etc).
- C3 Identifying the problem described in a casus, finding the legal or statutory rules that apply in the case described and justifying their application;
- P3 Helping third parties choose a savings or investment product with full knowledge of the relevant taxation system. |
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| Prerequisites : | Tax Law course taught in the 3rd year of the bachelors degree and the Belgian and International Tax Law course taught in the first year of the masters degree. |
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| Organization : | 1. Methodology used
- A1 Theoretical lecture illustrated with examples and practical cases
- A3 Solving case studies
2. General planning of course
Oral exam during the 1st week of assessment
3. Distribution of student workload
4 ECTS x 24hTE = 96 hrs
- 24 hrs tutorials
- 30 hrs course study and understanding the subject
- 18 hrs reading, solving case studies and online exercises |
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| Written notes : | Text from PowerPoint slides online. |
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| Assessment : | E1/E3 Restitution of the concepts, principles, rules and ability to explain them and identify them in a casus
E3 Solving a case study, justification of the applicable tax regulations.
Students will be assessed on their command of the concepts and principles, and their ability to construct a coherent legal reasoning that respects the hierarchy of the legal standards and principles.
Oral exam both in the first and second session (and in the extended second session). In the first session: during the week following the end of the course (organised as a module in September and October). |
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| Contacts : | jpbours@skynet.be |
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