Identifying Data 2021/22
Subject (*) Taxation of Financial Instruments and Operations Code 611448001
Study programme
Mestrado Universitario en Banca e Finanzas
Descriptors Cycle Period Year Type Credits
Official Master's Degree 2nd four-month period
 First Obligatory 3
Language
Galician
Teaching method Hybrid
Prerequisites
Department Economía
Coordinador
Prado Dominguez, A. Javier
 E-mail
ajavier.prado@udc.es
Lecturers
Prado Dominguez, A. Javier
 E-mail
ajavier.prado@udc.es
Web
General description Afondar na aprendizaxe da fiscalidade española, analizando a tributación das operacións financeiras, tanto desde o punto de vista persoal como empresarial.
Contingency plan 1. Modificacións de contido:
Non se farán cambios.
2. Metodoloxías
* Metodoloxías de ensino que se manteñen
Sesión maxistral
–Traballos tutelados (con atención personalizada) (computados na avaliación)
-A atención personalizada
* Metodoloxías de ensino que se modifican
Non se farán cambios.
3. Mecanismos de atención personalizada aos estudantes:
Correo electrónico: a petición do estudante e cando o requira o horario lectivo. Empregarase para facer consultas, solicitar reunións virtuais, para resolver dúbidas e para realizar o seguimento necesario dos traballos supervisados.
–Moodle: O mesmo uso que no caso anterior. Dependendo das necesidades dos estudantes, realizaranse "foros temáticos asociados aos módulos" da materia para formular as consultas requiridas.
-Equipos: de 1 a 2 sesións semanais para supervisar e apoiar o traballo supervisado.
4. Modificacións en avaliación
1. Se houbese a posibilidade de realizar a proba: exame (60%) e avaliación continua (40%).
2. En calquera outro caso:
Traballos tutelados (100%): En relación cos traballos supervisados, valoraranse as seguintes:
-Adaptación metodolóxica das propostas de traballo. –A profundidade do contido. O uso de fontes actuais e complementarias. A presentación con claridade expositiva. .
Avaliación observacións: (Paraoalumnadocondedicacióncompleta, alumnadoatempoparcial, requisitosparasuperaramateria, condiciónsdaavaliaciónna2ªoportunidade, etc)
Mantéñense as mesmas que figuran na guía docente, agás que: Deixaranse de computar e puntuar a asistencia.
REQUISITOSPARASUPERARAMATERIA) Elaboraciónepresentacióndostraballosdepequenogrupo (100%): 1.Asistireparticiparregularmentenasactividadesdaclase.2.Obterunhapuntuacióndo50% dopesodecadaunhadaspartesobxectodeavaliación (traballostutela dous) .3.Envíase a gardas de garda expostas en todos os ataques indicados. 4. A oportunidade por desidia será sometida aos mesmos criterios.
5. Modificacións da bibliografía ou da webgrafía:
-Sen cambios.

Study programme competencies
Code Study programme competences
A12 Entender o sistema de formación de prezos dos produtos financeiros e a regulamentación básica
A15 Comprender os modelos de valoración de activos financeiros; crear e xestionar carteiras de valores
A31 Ser consciente da importancia do respeto ao ordenamento xurídico na actuación nos mercados financeiros
A34 Coñecer as implicacións tributarias para as persoas físicas e xurídicas que invisten en produtos financeiros
A35 Identificar os principais efectos da fiscalidade nas decisións de investimento financeiro
B2 Planificación para a resolución de problemas.
B3 Uso adecuado dos medios e sistemas de información dispoñibles.
B4 Habilidades informáticas.
B5 Habilidades de presentación oral e escrita.
B6 Pensamento crítico e avaliación das accións propias e alleas.
B8 Capacidade de organizar e planificar, saber administrar o tempo.
B9 Capacidade para traballar baixo presión.
B12 Preocupación pola calidade, por facer as cousas ben.
B15 Explotación da información dispoñible para a planificación e a toma de decisións
B17 Comprensión do concepto de valor temporal do diñeiro e aprendizaxe dos instrumentos de matemáticas financeiras que o utilizan para resolver distintos problemas no ámbito das finanzas
B18 Adquisición da capacidade necesaria para analizar a situación financeira da empresa nun momento determinado, establecemento das correccións adecuadas e planificación do seu futuro
B23 Coñecemento dos principais aspectos que abarca a actividade bancaria
B24 Posuír e comprender coñecementos que acheguen unha base ou oportunidade de ser orixinais no desenvolvemento e/ou aplicación de ideas, a menudo nun contexto de investigación
B25 Que os estudantes saiban aplicar os coñecementos adquiridos e a súa capacidade de resolución de problemas en contornas novas ou pouco coñecidas dentro de contextos máis amplos (ou multidisciplinares) relacionados coa súa área de estudo
B26 Que os estudantes sexan capaces de integrar coñecementos e enfrontarse á complexidade de formular xuízos a partir dunha información que, sendo incompleta ou limitada, inclúa reflexións sobre as responsabilidades sociais e éticas vinculadas á aplicación dos seus coñecementos e xuízos.
B27 Que os estudantes saiban comunicar as súas conclusións e os coñecementos e razóns últimas que as sustentan a públicos especializados e non especializados dun modo claro e sen ambigüidades
B28 Que os estudantes posúan as habilidades de aprendizaxe que lles permitan continuar estudando dun xeito que haberá de ser en grande medida autodirixido ou autónomo.
C3 Using ICT in working contexts and lifelong learning
C4 Acting as a respectful citizen according to democratic cultures and human rights and with a gender perspective
C6 Acquiring skills for healthy lifestyles, and healthy habits and routines
C7 Developing the ability to work in interdisciplinary or transdisciplinary teams in order to offer proposals that can contribute to a sustainable environmental, economic, political and social development.

Learning aims
Learning outcomes Study programme competences
1. Start the student in the domain of tax implications for individuals and legal entities that invest in financial products. 2. Introduce the student in the planning and tax assessment of financial operations. 3. Identify the main effects of taxation on financial investment decisions. 4. Procure the skills to pass the EFA certification exam. AJ12
AJ15
AJ31
AJ34
AJ35
 BJ2
BJ3
BJ4
BJ5
BJ6
BJ8
BJ9
BJ12
BJ15
BJ17
BJ18
BJ23
BJ24
BJ25
BJ26
BJ27
BJ28
 CC3
CC4
CC6
CC7

Contents
Topic Sub-topic
1. FINANCIAL INSTRUMENTS STUDY OBJECTS. 1.1. INTRODUCTION TO THE PLANNING OF THE NON-PENSION FINANCIAL INVESTMENT
1.2. DEPOSIT OPERATIONS.
1.3. PUBLIC DEBT AND PRIVATE DEBT.
1.4. OPERATIONS WITH FIRM SHARES.
1.5. FUNDS AND INVESTMENT COMPANIES.
1.6. FUTURES, OPTIONS AND WARRANTS.
2. BASIC TAX CONCEPTS FOR FINANCIAL OPERATIONS. 2.1. TAXES AND THEIR SCOPE OF APPLICATION IN FINANCIAL OPERATIONS.
2.2. THE IMPORTANCE OF THE FISCAL EFFECT ON THE PROFITABILITY OF INVESTMENTS.
2.3. THE COMPARISON OF TYPES OF TAXATION OF VARIOUS FORMS OF INVESTMENT.
2.4. GENERAL OPERATIONS TO IMPROVE INVESTMENT TAXATION.
3. TAXATION OF DEPOSIT AND LOAN OPERATIONS. TAXATION OF BONDS, OBLIGATIONS AND OTHER FINANCIAL ASSETS OF FIXED INCOME. 518/5000
3.1. TAXATION OF FINANCIAL DEPOSIT OPERATIONS.
3.2. TAXATION OF LOAN AND CREDIT OPERATIONS.
3.3. PROGRESS FOR FISCAL PLANNING OF DEPOSIT AND LOAN OPERATIONS: CURRENT EXERCISE.
3.4. GENERAL TAXATION OF BONDS, OBLIGATIONS AND OTHER FINANCIAL ASSETS OF DEBT AND FIXED INCOME.
3.5. TAXATION OF PUBLIC DEBT SECURITIES.
3.6. ADVANCE FOR THE FISCAL PLANNING OF THE OPERATIONS WITH BONDS, OBLIGATIONS AND OTHER FIXED INCOME ASSETS: CURRENT EXERCISE.
4. TAXATION OF OPERATIONS WITH FIRM SHARES. 4.1. GENERAL TAXATION OF THE FIRM SHARES.
4.2. PARTICULAR TAXATION OF CERTAIN OPERATIONS WITH FIRM SHARES.
4.3. ADVANCE FOR THE FISCAL PLANNING OF OPERATIONS WITH FIRM SHARES.
5. TAXATION OF INVESTMENT FUNDS AND OTHER COLLECTIVE INVESTMENT INSTITUTIONS. 5.1. TAXATION OF INVESTMENT FUNDS.
5.2. TAXATION OF INVESTMENT COMPANIES.
5.3. TAXATION OF INVESTMENT CLUBS.
5.4. ADVANCE FOR THE FISCAL PLANNING OF THE OPERATIONS RELATED TO COLLECTIVE INVESTMENT INSTITUTIONS: CURRENT EXERCISE.
6. TAXATION OF DERIVATIVE FINANCIAL INSTRUMENTS. 6.1. GENERAL TAXATION OF DERIVATIVES.
6.2. ADVANCE FOR THE FISCAL PLANNING OF OPERATIONS WITH DERIVATIVE INSTRUMENTS: CURRENT EXERCISE.

Planning
Methodologies / tests Competencies Ordinary class hours Student’s personal work hours Total hours
Guest lecture / keynote speech A12 A15 A31 A34 A35 B2 B5 B6 B8 B12 15 33 48
Problem solving A12 A15 A31 A34 A35 B2 B3 B4 B9 B17 B18 B24 B25 6 8 14
Multiple-choice questions A12 A15 A31 A34 A35 B2 B15 B23 B26 B27 B28 C3 C4 C6 C7 2 1 3
 
Personalized attention 10 0 10
 
(*)The information in the planning table is for guidance only and does not take into account the heterogeneity of the students.

Methodologies
Methodologies Description
Guest lecture / keynote speech Las sesiones magistrales se dedicarán a exponer y explicar en profundidad la tributación de las operaciones financieras e instrumentos financieros, de forma clara, práctica y sencilla, sobre materiales actualizados que el profesor pondrá a disposición de los alumnos..
Problem solving Se plantearán y resolverán, con la participación activa de los alumnos, una selección de supuestos que figuran en los materiales preparados por el profesor para los alumnos.
Multiple-choice questions El alumno podrá aprobar la asignatura mediante la superación de dos pruebas tipo test que serán liberatorias, siempre que se obtenga un 60 por ciento de aciertos (no se descontará ninguna puntuación por las preguntas erróneamente contestadas). En el examen final, el alumno sólo tendrá que realizar la prueba que tenga pendiente. En este sistema de evaluación, el alumno podrá contar en el examen con los materiales que considere precisos.

Personalized attention
Methodologies
Guest lecture / keynote speech
Description
The student will be able to consult not only his doubts about the matters explained in the classroom, but also
to receive orientations related to the different subjects studied in the subject.
During the course, the teacher will try to keep the students informed in class and through e-mail or other means of communication.
The attention measures provided to students enrolled in full-time dedication will also apply to part-time students.
In the latter case, it will seek to fit the teaching performance with the available time of this type of students.

Assessment
Methodologies Competencies Description Qualification
Guest lecture / keynote speech A12 A15 A31 A34 A35 B2 B5 B6 B8 B12 The attendance and active participation in class is valued positively. Every two faults will be deducted one percentage point out of the ten that this activity would contribute.
To pass the subject it is necessary to attend at least 30% of the classes in which teaching has been taught. 1 		10
Problem solving A12 A15 A31 A34 A35 B2 B3 B4 B9 B17 B18 B24 B25 The students will carry out a supervised work on current topics directly related to the subject. 20
Multiple-choice questions A12 A15 A31 A34 A35 B2 B15 B23 B26 B27 B28 C3 C4 C6 C7 The student can pass the subject by passing a test type test, provided that you get a 60 percent success (no score will be deducted for the questions wrongly answered). In the final exam, the student will only have to perform the test that is pending. 70
 
Assessment comments

Evaluation observations



A) EVALUATION REGULATIONS:



1. Assessment conditions: It
is forbidden to access the exam room with any device that allows communication
with the outside and / or information storage.



2. Identification of the
student: The student must prove her personality in accordance with current
regulations.



B) TYPES OF RATING:



1. Qualification of not
presented: Corresponds to the student, when he only participates in evaluation
activities that have a weighting of less than 20% on the final qualification,
regardless of the qualification achieved.



2. Students with recognition
of part-time dedication and academic waiver of attendance exemption: Except for
the dates approved in the Faculty Board for the final objective test, for the
remaining tests a specific calendar of compatible dates will be agreed at the
beginning of the course with your dedication.



C) EVALUATION OPPORTUNITIES:



1. First opportunity: the
evaluation criteria previously indicated in this section will be applied.



2. Second chance: the
evaluation criteria are the same for all evaluation opportunities, always
taking into account the regulations on the second chance (article 18, section
5).



3. Early call: In the early
call, it is possible to recover the points of the continuous assessment
(problem solving, short answer tests, and interventions during the lectures) by
means of additional questions to the final objective test.



D) OTHER EVALUATION OBSERVATIONS:

The
possibility of conducting partial exams on the subject is not excluded. The
teacher as part of the teaching schedule, keeping their grade until the second
opportunity, will announce these partial exams.

Sources of information
Basic UNICAJA/AFI (2020). Guía de fiscalidad de productos financieros (IRPF). https://azure.afi.es/ContentWeb/EmpresasUnicaja/guias/fiscalidad/franquicias/fiscalidad/productos/fi
Domínguez Martínez, J.M. et al. (2012). Guía de la Fiscalidad de las Operaciones Financieras. Editorial Aranzadi
Prado Domínguez, J (2020). Material docente actualizado para el seguimiento y apoyo de la materia.

Complementary


Recommendations
Subjects that it is recommended to have taken before

Subjects that are recommended to be taken simultaneously

Subjects that continue the syllabus

Other comments

It is recommended to follow the indications given in this Teaching Guide. Moreover:

1. The delivery of the documentary works carried out in this subject:

a. It will be requested in virtual format and / or computer support

b. It will be done through Moodle, in digital format without the need to print them

2. The importance of ethical principles related to sustainability values in personal and professional behavior must be taken into account.

3. Work will be done to identify and modify sexist prejudices and attitudes and the environment will be influenced to modify them and promote values of respect and equality.

4. The full integration of students who, for physical, sensory, psychological or sociocultural reasons, have trouble to an adequate, equal and profitable access to university life will be facilitated.