MULTIMEDIA UNIVERSITY
Cyberjaya Campus
ASSIGNMENT
BAC2674 TAXATION I
TRIMESTER 1, 2017/2018 SEMESTER 65
Assignment date: 23 July 2017
ASSIGNMENT INSTRUCTIONS TO STUDENT
1) The assignment carries a total of 100 marks and would constitute 20 percent of your final
examination grading.
2) Attempt the assignment using your own words to present the arguments, discussions and your views
in a cohesive and comprehensive manner. References and authorities must be cited where
appropriate using the APA format. Avoid any ‘cut and paste’ approach.
3) Each group shall comprise FIVE (5) members (an exception would be made for the last group only
upon application in writing).
4) Group members can come from any tutorial group.
5) Submit only one (1) hard copy.
6) Submission must be by hand on the specified date, signed and acknowledged for by the lecturer in
the appropriate acknowledgement form duly completed, and to be handed in separately with the
assignment.
7) Assignment must be typewritten, stapled and tape bound (no ring binding).
8) The assignment must include a title page, a content page, the assignment question, reference page
and should be printed using font TNR, font size 12, margins at 4 cm all round with 1.5 line spacing.
Your assignment has no restriction on the number of pages.
a) Students should use the first page (as given) that accompanies the assignment in their bound
work as the cover page. You must leave the ‘Group No.’ and the ‘Marks awarded’ box blank.
b) Insert the name and student ID of the group leader on the first line, followed by the name and
student ID number of group members, and the mobile contact number of each and every member
of the group. The information must be printed.
c) This information of the students must be identical that of the ‘STATEMENT BY GROUP LEADER ON
GROUP MEMBER’S PERFORMANCE’ to be submitted separately, with the assignment.
9) An evaluation of team member’s co-operation by the Group Leader should be submitted with the
assignment in a sealed envelope together with the information as in (9c) above.
10) ‘Acknowledgement’ form for the submission of the assignment must be prepared separately. One is
for the student’s reference and the other for the lecturer.
11) Marks will be deducted at the discretion of the lecturer for any non-compliance with assignment
protocol prescribed herein.
12) The submission is by hand on Thursday, 25 September 2017 after the lecture class.
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Assignment: BAC 2674 Taxation I Semester 65 Trimester 1, 2017/2018
ASSIGNMENT
SEMESTER 65 TRIMESTER 1, 2017/2018
BAC 2674 TAXATION I
LECTURER: DR NAKHA RATNAM SOMASUNDARAM
Group No. Marks awarded:
(leave this box blank) [for lecturer’s use only]
Serial Name of student Student ID HP
No contact No
1
2
3
4
5
Note: This forms the first page of the assignment. Prepare TWO (2) copies – one to be bound with
assignment and the other kept loose and detachable for the lecturer’s use.
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Assignment: BAC 2674 Taxation I Semester 65 Trimester 1, 2017/2018
Question
There are currently 32 reliefs to be deducted against the total income and five (5) rebates
available to be deducted against the tax charged in respect of an individual chargeable to
income tax under the Income Tax Act 1967 (as amended) [‘the Act’]. These various relief
and rebates have grown rather unwieldy over the years and seems to be expanding with the
passing of each budget presented in Parliament.
In addition the Minister of Finance understands that the taxpayers and tax professionals are
dissatisfied and unhappy with the personal relief currently in force under the Act which is
perceived to be very cumbersome, unwieldy and complicated. Besides the quantum of some
of the relief offered are not in keeping with the current cost of living.
The Minister of Finance has asked you come up with a radical proposal for a set of relief
that is comprehensive, fair, reasonable and equitable. At the same time the Minister has
warned you that while it must be legally simple, and easy to implement from an
administrative point of view, it should not be susceptible to abuse by taxpayers on account of
its simplicity or ease of claim or implementation.
Another major consideration for the Minister is that the proposed relief should not impact
negatively the revenue collection from taxation¸ while maintaining a monetary attractiveness
to the taxpayers in view of the coming elections expected to be announced sometime before
August 2018.
Required:
Prepare a draft report of your proposals to the Minister of Finance, outlining your reason and
basis for your proposals, the expected changes and amendments in relation to the existing
relief, and how it would meet the Minister’s expectations most satisfactorily with respect to
fiscal, legal and administrative requirements.
(20 Marks)
End of question.
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Assignment: BAC 2674 Taxation I Semester 65 Trimester 1, 2017/2018
WARNING ON PLAGIARISM AND COLLUSION
Plagiarism is using another person’s materials, works, compositions, ideas, statement, style or
expression – whether published or not – and passing these off as your own, by failing to give
appropriate acknowledgement of those materials. Collusion is the presentation of work which is the
result in whole or in part of unauthorized collaboration with another person or persons, other than
with members of your own group. Not acknowledging the source may be treated as cheating in terms
of the university rules and regulations, and as a plagiarism. In academia, this failure is viewed most
seriously.
Students should practice professionalism and ethics by acknowledging work other than their own
when working on this assignment. Any works referred to should therefore be duly acknowledged
and given credit for, whether it is an idea or statement. This is in preparation for your future role as a
truly professional person in your chosen field.
Take note that where it appears to the lecturer that there is or are reasonable ground/s for believing
that the work submitted is not an original effort or that plagiarism and /or collusion has occurred, the
lecturer has the right to award a lower mark than would otherwise have been awarded if the
submitted assignment or report had been an original work, or in exceptional cases, to reject the work
outright, and accordingly award no marks for the work submitted (the terms ‘work’, ‘assignment’
and ‘report’ are used interchangeably in this context).
The decision of the lecturer in the award of the marks for the work submitted is final and appeal
against such marks awarded, or not awarded as the case may be, will not be entertained in
whatsoever manner.
Dr Nakha Ratnam Somasundaram
Tax Specialist,
Faculty of Management,
Multimedia University.
23 July 2017
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Assignment: BAC 2674 Taxation I Semester 65 Trimester 1, 2017/2018
Marks will be allocated in the appropriate instances as follows:
Description of marking criteria Marks
1 Contents and structure 45
Relevance
Application of the law
Depth and breadth of the topic discussed
Accuracy – law and facts
2 Concept 30
Analytical thinking
Balanced critical thinking
Originality of thoughts
Well-developed arguments
3 Presentation 15
Framework
Organized flow
Fluency and prose
Grammar
Spelling
Formatting, paging and binding etc.
4 Reference 10
Range of source
Relevancy of sources
Citation protocol
Avoidance of cut and paste
Total marks 100
5
Assignment: BAC 2674 Taxation I Semester 65 Trimester 1, 2017/2018
STATEMENT BY STUDENT OR GROUP LEADER
[Note: This statement must be attached to the assignment submitted]
1) I/We have read the university’s statement on cheating and plagiarism, as described and
have understood its meaning and implications.
2) This assignment is an original work and has not previously been submitted in this or as
part of another unit/subject/course;
3) I /We have taken proper care of safeguarding this work and made all reasonable effort to
ensure it could not be copied;
4) I/We acknowledge that the assessor or lecturer of this assignment may for the purposes
of assessment, reproduce the assignment and:
a. Provide the materials to another member of the faculty; and/or
b. Communicate it to the university’s plagiarism checking service (which may then
retain a copy of the assignment on its database for the purpose of future plagiarism
checking);
5) I/We understand the consequences for engaging in plagiarism as described in university
rules and regulations;
6) I/We certify that I/We have not plagiarized the work of others or participated in
unauthorized collusion when preparing this assignment; and
7) I/We am/are fully aware that if the lecturer has reasons to believe that the work submitted
is not an original effort or that plagiarism and /or collusion has occurred, the lecturer has
the right to award a lower mark than would otherwise have been awarded if the
submitted assignment or report had been an original work, or in exceptional cases, to
reject the work outright, and accordingly award no mark for the work submitted.
8) I/We further acknowledge that the decision of the lecturer in the award of the marks for
the work submitted is final and there is no appeal against such marks awarded or not
awarded as the case may be.
Signature....................................................
Name of Group leader
Student ID number
Date……………………………………
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Assignment: BAC 2674 Taxation I Semester 65 Trimester 1, 2017/2018
STATEMENT BY GROUP LEADER ON GROUP MEMBER’S PERFORMANCE
[Note: This statement must be completed in full and submitted to the lecturer SEPERATELY with the
assignment in an envelope. The name of the group leader should be listed in the first row.]
Group No. Marks awarded:
(leave this box blank) [for lecturer’s use only]
Serial Name of student* Student ID* HP
No contact No*
1
2
3
4
5
*Note: Please print your name, student ID and HP contact number.
Performance report:
Signature....................................................
Name of Group Leader:
Student ID number:
Date:
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Assignment: BAC 2674 Taxation I Semester 65 Trimester 1, 2017/2018
Acknowledgement of assignment submission:
STUDENT’S COPY
Signature of student: Signature of lecturer:
Name: Name:
Student ID: Date:
Date: Official stamp:
Note:: This sheet to be loose and not bound with the assignment
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Assignment: BAC 2674 Taxation I Semester 65 Trimester 1, 2017/2018
Acknowledgement of assignment submission:
LECTURER’S COPY
Signature of student: Signature of lecturer:
Name: Name:
Student ID: Date:
Date: Official stamp:
Note:: This sheet to be loose and not bound with the assignment
