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| DROI2019-3 | Savings and insurance taxation
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| Duration : | 22h Th |
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| Number of credits : |
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| Lecturer : | Frédéric Janssen |
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Language(s) of instruction :
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| French language |
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Organisation and examination :
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| Teaching in the second semester |
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Course contents :
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| 1. Scope. This course aims to introduce students to the legislation and tax regimes of banks and insurance companies, with a view to approaching the legal problems which these institutions face on the one hand and their product taxation on the other, analysis of these products will be limited to those relating to saving and investments.
2. Content.
a. Introduction. Banks and insurance companies. Bancassurance, assurfinance and bancassurfinance. Prudential control (CBFA). Bank secrecy. The European Directive on taxation on savings. "Special mechanisms". Money laundering.
b. The banking world. (i) banking products for individuals. Interest, dividends, capital gains and group investments. (ii) Banking products for companies. (iii) CIU tax regime.
c. The world of insurance. Introduction. Fire, accident and miscellaneous risks and life insurance. (i) Life insurance and income tax. The three pillars. (ii) Life insurance and inheritance law. (iii) Life insurance and other indirect taxes. |
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Learning outcomes of the course :
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| By the end of the course, students should be able to:
- A1 Demonstrate that they are familiar with concepts relating to the banking and insurance world, such as: banking secrecy and confidentiality; money laundering; compliance; special mechanisms; the European Directive on savings taxation. Describe the taxation regime of a savings or investment product (shares and investment bonds, mutual funds, pension plans, life insurance, insurance bonds etc.).
- C3 Identify the problem described in a case, find the legal rules or regulations which are applicable and justify their application;
-P3 Help a third party choose a savings or investment product with full knowledge of the taxation regime. |
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Prerequisites and co-requisites/ Recommended optional programme components :
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| A minimum of 30 hours of classes in tax law. |
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Planned learning activities and teaching methods :
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Mode of delivery (face-to-face ; distance-learning) :
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| 1. Methodology used
- A1 Theoretical presentation illustrated with examples and practical cases.
- A3 Casework resolution
2. General course planning Lectures. Cases and resolution. Oral examination on a date to be arranged.
3. Distribution of student workload.
4 ECTS x 24 hours TE = 96 hours
- 22 hours of in-class lessons
- 30 hours of course study and understanding the subject
- 18 hours of reading, casework resolution and on-line exercises. |
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Recommended or required readings :
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| Text of Powerpoint slides on-line. |
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Assessment methods and criteria :
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| E1/E3 Reproduction of concepts, principles, regulations and the ability to explain them and to identify them in a case. E3 Casework resolution, justification of the tax rules being applied.
Students will be assessed on their mastery of concepts and principles and their ability to construct a reasoned and coherent argument respecting the hierarchy of norms and legal principles.
Oral examination both in the first and second sessions (and in the second extended session).
Students who have followed a course in tax law and financial institutions in the 2nd Masters at the HEC will be exempt from this course, but must choose another course of the same length. |
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Work placement(s) :
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Organizational remarks :
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Contacts :
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| Items online : |
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| Notes de cours |
| L'ensemble des notes de cours est disponible sur le campus HD. |
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