The aim:
1. The goal of this lecture is to present tax consequences of business decisions.
2. This course provides students an understanding of the tax risk for the enterprises.

Acquired knowledge:
1. Student knows the role of taxes in economic activity.
2. Student can explain the economic and legal aspects of different tax institutions.

Acquired skills:
1. Student can use gained knowledge to estimate tax consequences of digital commerce.
2. Student is able to describe influence of taxation on business structures and operations.

Acquired social skills:
1. Student is able to define and to solve tax problems.
2. Student is aware of the impact of tax system on business activity.

Course contents: 
1. Principles of taxation.
2. Difference between direct tax and indirect tax.
3. Corporation and partnership income taxation.
4. International tax regime and double taxation.
5. International taxation of active and passive income.
6. European Union Value Added Tax System.
7. Digital economy and taxation.
8. Tax risks management.

Recommended reading: 
1. Value added tax and direct taxation : similarities and differences, Lang M., Melz P., Kristoffersson E., IBFD. Amsterdam 2009.
2. International double taxation, Rasmussen M., Wolters Kluwer Law & Business. Alphen aan den Rijn 2011.

Additional reading: 
1. Tax and non-tax: Charges for Businesses, Jamroży M. , Oficyna Wydawnicza SGH. Warszawa 2018.