Course Detail(E110 : Ethical and Legal Considerations in Tax Avoidance, Evasion and Fraud)

SDF Funding, SkillsFuture Credit, UTAP Funding

E110 : Ethical and Legal Considerations in Tax Avoidance, Evasion and Fraud

7.00 CPE Hours (Category 2)
Classroom

Programme Objective

To examine the legal and ethical issues involved in cases of honest and dishonest tax reduction methods including aspects of the criminal law.

Programme Outline

  • Tax fraud – criminal procedure, charges, burdens of proof, admissible evidence, Criminal Procedure Code, sentencing considerations, punishment

  • Case studies of tax fraud – cars at less than cost price, doctor who doctored records

  • International tax avoidance tactics – transfer pricing, Dutch sandwich, Double Irish, substance and form

  • International tax scandals – infamous companies using tax shelters to reduce tax burdens - Apple Computers, Eurobonds, Starbucks, Google

  • Tax planning and avoidance – legal and ethical distinction – paying a fair share of tax – CSR (Corporate social responsibility) – use and abuses of tax treaties – transfer pricing abuses

  • Ethical principles – who is to set standards – suggested principles : substance, scrutiny, hypocrisy. Conflicts of duties – duty to client and duty to country and society – protective legal opinions

  • Ethical duties of tax advisors – ISCA codes and Singapore Institute of Accredited Tax Professionals – responses to breach – disciplinary proceedings and litigation – burdens of proof – judicial review

  • Ethical duties of lawyers and accountants compared – duties to court – duties of honesty

  • Difficult ethical issues  - lack of professionalism and its effects – confidentiality and its limits – disclosure in public interest - use of Chinese walls and their effectiveness – Bolkiah v KPMG (the Sultan of Brunei’s brother’s case)

Training Methodology

Lecture style, with a case study for discussion

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Intermediate level programme intended for Finance and Tax Practitioners, and/or Tax Accountants. Professionals who would like understand about the legal and ethical issues surrounding tax avoidance, tax evasion or tax fraud are welcome to attend.

Competency Mapping

Category 2 = 7.00 Hours

Schedule & Fees

Date & Time

25 Feb 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Terence Tan

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

05 Jun 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Terence Tan

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

21 Sep 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Terence Tan

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

09 Dec 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Terence Tan

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

06 Nov 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Terence Tan

Date & Time

24 Sep 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Terence Tan

Date & Time

19 Jun 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Terence Tan

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 20 Feb 2020
Course Reference Number: CRS-N-0041243

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. The credits will not expire and periodic top-ups will be provided by the government. SFC may be accumulated to pay for skills related course fees. You may wish to use your SFC to pay for partial/full ISCA course fees.  (For more information on the SFC scheme, please visit http://www.skillsfuture.sg/credit)

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for SkillsFuture Credit?”, click “Yes” and input all required information. At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
  • Step 2: After successful enrolment, please proceed to submit SFC claim on Skillsfuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via SFC portal here: http://www.skillsfuture.sg/credit.

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $42.80 for any revision of invoice.


2] WDA Training Grant - SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply). 

Funding Period: Until 20 Feb 2020
Funded Hours: 7 hours
Course Reference Number: CRS-N-0041243

If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for WDA Funding?”, click Yes and input all required information. At the Cart page, please ensure that SDF funding is applied before clicking “Checkout”.
     
  • Step 2: After successful enrolment, please proceed to submit the Training Grant application via SkillsConnect Portal here: https://www.skillsconnect.gov.sg/

 

Employers of company-sponsored participants must submit training grant via SkillsConnect system to obtain training grant for course fees. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date. Please note that there will be an administrative fee of $42.80 for any revision of invoice.

 

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

3] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members. NTUC member gets to enjoy UTAP funding 50% of the unfunded course fee capped at $250 every year. This excludes miscellaneous fees such as GST and registration fee etc.
 
This course is approved for UTAP support for intakes conducted between 01 April 2019 – 31 March 2020.
 
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.


To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
 
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

 

Programme Facilitator(s)


Terence Tan

An Advocate and Solicitor for over 20 years, Terence has provided legal training and education for many professional organizations, overseas universities and MNCs. 


Terence was named in Parliament for his comments on the revamped Bankrupt Act and these comments were expressly mentioned by the Court of Appeal.

Terence was formerly Asst Professor in the Law Faculty, National University of Singapore where he taught Insolvency Law, Company Law and Computer Law.

He is recognized by the Council for Estate Agents (CEA) on a wide variety of issues and topics such as Landlord-Tenant Disputes and Family Property Disputes.

 

Programme Objective

To examine the legal and ethical issues involved in cases of honest and dishonest tax reduction methods including aspects of the criminal law.

Programme Outline

  • Tax fraud – criminal procedure, charges, burdens of proof, admissible evidence, Criminal Procedure Code, sentencing considerations, punishment

  • Case studies of tax fraud – cars at less than cost price, doctor who doctored records

  • International tax avoidance tactics – transfer pricing, Dutch sandwich, Double Irish, substance and form

  • International tax scandals – infamous companies using tax shelters to reduce tax burdens - Apple Computers, Eurobonds, Starbucks, Google

  • Tax planning and avoidance – legal and ethical distinction – paying a fair share of tax – CSR (Corporate social responsibility) – use and abuses of tax treaties – transfer pricing abuses

  • Ethical principles – who is to set standards – suggested principles : substance, scrutiny, hypocrisy. Conflicts of duties – duty to client and duty to country and society – protective legal opinions

  • Ethical duties of tax advisors – ISCA codes and Singapore Institute of Accredited Tax Professionals – responses to breach – disciplinary proceedings and litigation – burdens of proof – judicial review

  • Ethical duties of lawyers and accountants compared – duties to court – duties of honesty

  • Difficult ethical issues  - lack of professionalism and its effects – confidentiality and its limits – disclosure in public interest - use of Chinese walls and their effectiveness – Bolkiah v KPMG (the Sultan of Brunei’s brother’s case)

Training Methodology

Lecture style, with a case study for discussion

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Intermediate level programme intended for Finance and Tax Practitioners, and/or Tax Accountants. Professionals who would like understand about the legal and ethical issues surrounding tax avoidance, tax evasion or tax fraud are welcome to attend.

Competency Mapping

Category 2 = 7.00 Hours

Programme Facilitator(s)

Terence Tan

An Advocate and Solicitor for over 20 years, Terence has provided legal training and education for many professional organizations, overseas universities and MNCs. 


Terence was named in Parliament for his comments on the revamped Bankrupt Act and these comments were expressly mentioned by the Court of Appeal.

Terence was formerly Asst Professor in the Law Faculty, National University of Singapore where he taught Insolvency Law, Company Law and Computer Law.

He is recognized by the Council for Estate Agents (CEA) on a wide variety of issues and topics such as Landlord-Tenant Disputes and Family Property Disputes.

 


Upcoming Schedule

Date & Time

25 Feb 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Terence Tan

Venue

60 Cecil Street
ISCA House
Singapore 049709