Corso di studio in Finanza Aziendale e Mercati Finanziari

The purpose of the course is to offer students a basic preparation about general principles of tax law (general part) and main Italian taxes (specific part). It is also the purpose of the course to provide students with a good knowledge of the tax regimes of financial assets and instruments in the various forms they may present in the market. All of this in an international and European perspective.

The students gain knowledge and understanding on the current tax system, with specific reference to the taxation of financial instruments and financial intermediaries. At the end of the course, they are able to properly apply the institutions of tax law and the positive rules governing the main taxes (IRPEF, IRES and IVA) to simple concrete cases.

The students understand the technical language proper of tax law and gain critical skills in evaluating the answer provided to the main tax issues by the professionals (financial administration, case law, professionals).

- Knowledge and understanding of the underlying principles of tax law, with particular reference to the taxation of financial intermediaries
- Ability to apply knowledge to concrete cases
- Autonomy of judgment with respect to public debate and legislative initiatives on the taxation of financial intermediaries
- Communication skills with respect to a non-specialist audience, in the sense of being able to explain in an understandable manner both the complex concepts learned in the class and the solution of proposed cases

Module I (Prof. Alberto Franco)

The constitutional principles in tax matters.

The structure of the tax and tax classifications.

Substantive, procedural and procedural rules.

The income tax system. IRPEF, IRES and VAT.

Module II: (Prof. Francesco Cannas)

The taxation of financial income: historical-normative evolution. The definition of financial income as a distinct category. The role of financial intermediaries. The system of withholding taxes: substitute taxation and withholding taxes and as an advance payment.

The taxation regimes of financial income. Capital income.

Taxation of capital gains and capital costs in business income:

- domestic discipline

- European discipline

- international discipline

Different income of a financial nature. The main criticalities of the current structure. Collective investment schemes for savings.

Declaration regime, administered savings and managed savings. Individual savings plans

Lessons with the following timetable:

- Monday 14.00-18.00

- Tuesday 17.00-19.00

Oral test. The test consists of two/three questions aimed at verifying the depth of the knowledge, the students' ability to apply what they have learnt to simple practical cases and the reasoning ability of the students.

Material concerning the issues addressed during classes is made available online.