Page 25 - CAPE Financial Services Syllabus Macmillan_Neat

UNIT 1
MODULE 2: PORTFOLIO MANAGEMENT AND INVESTMENT (cont’d)

SPECIFIC OBJECTIVES CONTENT
Students should be able to:
18. explain fixed income security; (a) Classification of fixed income security:
- treasury, corporate, municipal and
19. explain the principles and practices asset-backed.
of taxation;
(b) The concept Yield to Maturity (YTM).

(c) Bond price calculation.

(a) Income tax, capital gains and double
taxation agreements.

(b) Define the terms ‘tax evasion’ and ‘tax
avoidance’; and distinguish between
the two.

(c) Resident, ordinarily resident and
domicile resident.

(d) Current taxation environment of
offshore financial centres.

(e) Compare the scope and purpose of
the OECD Model Tax Convention and
the UN tax Convention.

(f) Access to Banking information and
steps to improve this access for tax
purposes.

Steps include:

(i) know your customer (KYC);

(ii) examination of local tax
requirements;

(iii) examination of policies and
practices which hinder local
tax authorities to access ban
information;

(iv) development of a voluntary
compliance strategy enabling
full compliance; and,

CXC A38/U2/16 20