• National and international taxation of individuals and companies in Liechtenstein, Austria, Germany and Switzerland
• International taxation of different legal forms of business organisation: permanent establishments, partnerships and companies
• Comparative analysis of corporate income tax systems
• European tax law
• International tax planning: International taxation of companies
• Tax Accounting: Determination and reduction of effective tax rates
• National and international taxation of financial instruments

Interactive lecture with case-studies

After finishing the module, the students have comprehensive knowledge in national and international taxation regarding the taxation of individuals and companies, especially in Liechtenstein, Austria, Germany and Switzerland.
The students have comprehensive knowledge of the differences concerning the international taxation of various legal forms of business organisation, both inbound and outbound.
The students are familiar with the different corporate income tax systems in Liechtenstein, Austria, Germany, Switzerland and other EU and EEA member states. They analyse and evaluate their impact on tax burden of internationally operating companies.
The students have comprehensive knowledge of the basic principles in European tax law. They are familiar with the impact of European integration on international taxation of individuals and companies. In particular, they take into account the recent jurisdiction of the European Court of Justice and the EFTA-Court.
The students analyse the various possibilities and restrictions of national and international tax planning measures regarding internationally operating companies. They verify the reduction of tax burden as a result of token measures.
The students are familiar with the components determining effective tax rates (ETR) of companies and groups and analyse essential possibilities to reduce them. In particular, they evaluate the meaning and the impact of deferred taxes for the determination and the reduction of ETR.
The students have comprehensive knowledge of the basic principles of international taxation of financial instruments.

Voraussetzung für die Anmeldung zur Modulprüfung ist:

• der erfolgreiche Abschluss aller Module des 1. Vollzeit-Regelstudienjahres

Bei Studienbeginn 2008 zusätzlich wahlweise:

• der erfolgreiche Abschluss des Moduls "Communication in English for Business"
• die Anerkennung BEC II

Bei Studienbeginn ab 2009 zusätzlich:

• der erfolgreiche Abschluss des Moduls "Communication in English for Business"

• Basics, tasks and characteristics of international marketing
• The international marketing environment: relevance and consequences of cultural differences and diverging economic, political, and legal conditions
• International market research and country risk assessment
• Fundamental strategies of foreign market entry and development
• Planning process of international market entry and market development (international strategy, international market selection and segmentation, alternative entry modes, timing, etc.)
• Export marketing mix versus global marketing mix (product adaptation, international product development, management of international product life cycles, global products and services, branding, export pricing, price strategies on the world market, global communication, management of international distribution channels, international marketing logistics)

Interactive lecture with discussion, exercises, and case studies

After the course the students will understand the characteristic challenges of international market entry and market development. They will be able to identify and assess opportunities and risks of international operations. For this purpose the students know where to find appropriate sources of information about foreign country markets and cultures and how to use this information in order to select profitable international markets. The students learn to evaluate trade-offs between a firm's adaptation to local needs and a global approach.
With the case study method, course participants learn to combine theory and practice and to apply specialized knowledge and methods to business settings. As the course is in English, language skills will be improved. Moreover, presentation techniques and teamwork are enhanced. Teamwork brings benefit in terms of social competence.

Voraussetzung für die Anmeldung zur Modulprüfung ist:

• der erfolgreiche Abschluss aller Module des 1. Vollzeit-Regelstudienjahres

Bei Studienbeginn 2008 zusätzlich wahlweise:

• der erfolgreiche Abschluss des Moduls "Communication in English for Business"
• die Anerkennung BEC II

Bei Studienbeginn ab 2009 zusätzlich:

• der erfolgreiche Abschluss des Moduls "Communication in English for Business"

• Strategic, Dynamic and Tactical Asset Allocation
• Active Portfolio Management
• Asset Allocation, Investment Horizon and Risk Measurement
• Performance Measurement and Output Evaluation
• Discussion of the Methods of Individual Selected Journal Contributions
• Introduction to Life Insurance, Occupational Pensions and Pension Funds
• The Role of Life Insurance in Estate Planning
• Location Advantages in Liechtenstein for the Life Insurance and Pension Fund Market
• Selected Annually Changing Theoretical Questions on Wealth Management

Interactive lecture, exercises, seminar

After completion of the module, the students have at their disposal comprehensive and integrated knowledge of most core issues in wealth management and have a critical understanding of the majority of the utilised procedures and methods. They have at their command specialised knowledge of professional methods for processing data and illustrating it in a well-structured manner. They are able to show originality and creativity in the application of their knowledge and take into consideration scientific and ethical issues in the face of incomplete information. The students are able to communicate on the subject of wealth management with experts and laities and thus reflect and enlarge upon their knowledge and methods.

• Written examination with 120 minutes editing time
• Term paper
• Presentation
• Obligatory class participation

Web-based online evaluation upon completion of module

• Identification of a research problem and development of a research question
• Thematically formulating a problem and developing a solution through application of scientific methods
• Independence in handling a research problem determined in the course of an assessment. Discussion with the advisor about methodological and content issues in solving a research topic.
• Completion of a comprehensive assignment where the students deal with a theoretical or practice-oriented problem in their area of specialisation by drawing on scientific work methods.
• Mid-term report about the current stage of the progress during the Colloquium.
• Completion of presentation documentation on a research problem within their specialised area.
• Defense of the elaborated research topic and in-depth discussion with the examination board.

• After completion of the module, the students have acquired a detailed knowledge and a critical understanding of their research topic.

• They have at their disposal specialised knowledge of methods and procedures for processing data and explaining it in a structured manner. They exhibit originality and creativity in the application of their knowledge.

• The students complete research and development projects, applying specialised research methods, survey and development techniques by drawing on their previously acquired skills.

• Additionally, they present the significant findings of their project to academic and real economy specialists, thereby utilising various communication methods in order to illustrate complex data on a scientific level.

• Upon positive evaluation of the thesis module the Master's degree is awarded to the candidate.

• Colloquium presentation (attendance at 2 Colloquium days obligatory)
• Evaluation of the written thesis paper
• Presentation and defense in front of the examination board

Web-based online evaluation upon completion of module

Further information and material for this module:

Guidelines on the Master Thesis Process
Regulations and Guidelines

• Leadership Styles
• Significance of Power
• Motivation Approaches
• Techniques for Conducting Negotiations
• Analysis of Body Language
• Analysis Instruments and their Application
• Reaction to Change of Framework Conditions
• Critical Observation of Competitors
• Strategic Concepts and their Application
• Dealing with Bank-Specific Controlling Instruments and Information Media
• Result Effect of Risks, Structuring of Conditions, Balance Sheet Structure, Market Interest Methods, Capital Resources Requirement and Differing Economic Scenarios

Interactive lecture, exercises

After completion of the module, the students have at their command essential abilities regarding corporate governance and are familiar with vital principles of strategic management. They integrate various leadership styles in their dealings and are knowledgeable concerning the management of employees and business development. They are able to conduct negotiations to their advantage by expertly representing their standpoints, by communicating the correct body language and by correctly interpreting the body language of their negotiating partner.
Additionally, they are familiar with the prevalent and current insights on strategic management, in particular in the area of financial services. They apply differentiated strategies to various business segments of a financial services undertaking, but are also familiar with the coherencies and interaction between differing sectors.

• Written examination with 60 minutes editing time
• Assignment with presentation
• Obligatory class participation

Web-based online evaluation upon completion of module

Besteuerung natürlicher und juristischer Personen: FL, AT, CH, DE
Steuerreform in Liechtenstein
Grenzüberschreitende Fallstudien: FL-AT-CH-DE
(Outbound/Inbound)

Extracurriculare activities comprise of various activities that are not strictly linked to the curriculum and further support students in their studying. Please note that parts of the module require obligatory participation.

• National, International and European Company Law in the Private Banking industry
• National, International and European Taxation of Asset Structures and of Financial
• Instruments in the Private Banking industry
• Critical Observation of Competitors
• Strategic Concepts and their Application
• Dealing with Bank-Specific Controlling Instruments and Information Media
• Result Effect of Risks, Structuring of Conditions, Balance Sheet Structure, Market Interest
• Methods, Capital Resources Requirement and Differing Economic Scenarios

Interactive lecture, exercises

After completion of the module, the students have at their disposal comprehensive and integrated knowledge of most core issues in International Company Law and International Taxation of Asset Structures and of Financial Instruments and have a critical understanding of the majority of the utilised procedures and methods. Furthermore, they have a solid knowledge about the current trends and developments in the Private Banking industry. Students are able to utilize taxation instruments in the field of Private Banking. They have at their command specialised knowledge of professional methods for processing data and illustrating it in a well-structured manner. They are able to show originality and creativity in the application of their knowledge and take into consideration scientific and ethical issues in the face of incomplete information. The students are able to communicate on the subject of International Company Law and International Taxation with experts and laity and thus reflect and enlarge upon their knowledge and methods.

• Written examination with 120 minutes editing time
• Presentation
• Obligatory class participation

Web-based online evaluation upon completion of module

• Definition and forms of sustainable investments
• Legal framework of sustainable investments - advantages/disadvantages
• Sustainable market and performance overview with trends and outlook
• Introduction to the worlds of real estate and property development, investment, finance, marketing and management
• Familiarity with the conceptual frameworks, practical tools and language
• Definition of real estate is an important asset
• Introduction to Life Insurance, Occupational Pensions and Pension Funds
• The Role of Life Insurance in Estate Planning
• Location Advantages in Liechtenstein for the Life Insurance and Pension Fund Market

Interactive lecture

After completion of the module, the students have at their disposal comprehensive and integrated knowledge of a core issues in alternative wealth management covering sustainable investments, real estate and private insurance structures and have a critical understanding of the majority of the utilised procedures and methods. They have at their command specialised knowledge of professional methods for measuring and identifying such investments. They are able to show originality and creativity in the application of their knowledge and take into consideration scientific and ethical issues in the face of incomplete information. The students are able to communicate on the subject of sustainable wealth management with experts and laity and thus reflect and enlarge upon their knowledge and methods.

• Written examination with 60 minutes editing time
• Assignment with presentation
• Obligatory class participation

Web-based online evaluation upon completion of module