Nur­tur­ing tax lead­ers of tomorrow

New Straits Times - - Higher Ed -

ERNST

& Young’s Young Tax Pro­fes­sional of the Year (EY YTPY) Malaysia is back for its fifth edi­tion. The com­pe­ti­tion gives Malaysian un­der­grad­u­ates and post­grad­u­ates who are en­rolled in lo­cal or for­eign uni­ver­si­ties the chance to rep­re­sent the coun­try at the in­ter­na­tional EY YTPY com­pe­ti­tion to be held in the Nether­lands from Nov 26 to 30 this year.

At the world stage, the Malaysian win­ner would com­pete with win­ners from more than 30 coun­tries for the ti­tle.

Malaysian par­tic­i­pants need to pro­vide an es­say re­sponse to the EY YTPY 2017 Malaysia com­pe­ti­tion ques­tion, and sub­mit it be­fore Aug 4.

The top 10 EY YTPY 2017 Malaysia fi­nal­ists would then be chal­lenged with case stud­ies and be in­vited to present their find­ings be­fore ex­pe­ri­enced judges who will be look­ing for ev­i­dence of crit­i­cal think­ing and an­a­lyt­i­cal strengths, cre­ativ­ity, com­mer­cial aware­ness and ex­ec­u­tive pres­ence.

EY Malaysia Tax leader Amar­jeet Singh said: “At EY, de­vel­op­ing young tal­ent and pro­vid­ing them with the right op­por­tu­ni­ties are some of the ways in which we help ful­fill our pur­pose of build­ing a bet­ter work­ing world. The EY YTPY com­pe­ti­tion is an ideal plat­form for us to pro­mote the tax pro­fes­sion and nur­ture the tax lead­ers of the fu­ture.

“In the com­pe­ti­tion, par­tic­i­pants will be chal­lenged to think out­side the box as they tackle the busi­ness is­sues pre­sented to them. They will need to be creative in com­ing up with so­lu­tions in or­der to de­velop out­comes that can po­ten­tially help grow, op­ti­mise and pro­tect busi­nesses.

“It also serves to reaf­firm the grow­ing im­por­tance of tax knowl­edge in the world of busi­ness and fi­nance, and in­crease aware­ness of the tax pro­fes­sion as a vi­able and in­ter­est­ing ca­reer choice. We hope this com­pe­ti­tion will pro­vide our lo­cal tal­ent with greater con­fi­dence, deeper in­sight into the pro­fes­sion and in­spire them to be­come suc­cess­ful tax pro­fes­sion­als in a highly glob­alised and com­pet­i­tive en­vi­ron­ment,” said Amar­jeet.

EY Tax Con­sul­tants Bhd part­ner Farah Rosley said: “The EY YTPY com­pe­ti­tion works in two stages. The first stage is the na­tional com­pe­ti­tion. This is fol­lowed by the se­cond stage, which is the in­ter­na­tional com­pe­ti­tion.

“The re­wards for win­ners of the YTPY com­pe­ti­tion in­clude once-in-a-life­time ex­pe­ri­ence and op­por­tu­nity to work with busi­ness lead­ers, re­mark­able prizes, such as prize money, in­tern­ship in EY as well as op­por­tu­ni­ties to en­gage with EY global lead­ers and key clients.

“I strongly urge our Malaysian stu­dents to take on the chal­lenge and aim for a spot in the in­ter­na­tional com­pe­ti­tion as the ex­pe­ri­ence will be en­rich­ing and ex­cep­tional,” said Farah, who is also the EY YTPY di­rec­tor.

This year, In­land Rev­enue Board of Malaysia (LHDNM) re­turns as a sup­porter of the EY YTPY Malaysia pro­gramme for the fifth con­sec­u­tive year.

LHDNM Cor­po­rate Ser­vices De­part­ment di­rec­tor Ma­rina A. Aziz said: “Tal­ented tax pro­fes­sion­als are crit­i­cal to the growth and dy­namism of busi­nesses and economies. Through cre­ativ­ity and in­no­va­tion, they de­velop so­lu­tions that meet the com­plex­ity of the ever-chang­ing busi­ness land­scape and in­spire con­fi­dence in mar­kets.

“At LHDNM, we un­der­stand the im­por­tance of tax pro­fes­sion­als and their con­tri­bu­tion. Through our as­so­ci­a­tion with the EY YTPY pro­gramme, we aim to help nur­ture the growth of the tax pro­fes­sion and in­dus­try in the coun­try,” said Ma­rina.

First-prize win­ner for the in­ter­na­tional level, who demon­strate the most in­clu­sive lead­er­ship style and skills, stand a chance to go on a 30-day “round-the-world” busi­ness trip built around a 10-day work­ing visit to key EY Area Tax Cen­tres in Lon­don, New York and Hong Kong (1st prize).

(From left) Francis Choong (EY YTPY 2014 win­ner), Kok Ser Lin (EY YTPY 2015 win­ner), Yas­min Ah­mad Arif­fin (EY YTPY 2016 win­ner), Amar­jeet Singh, LHDNM Cor­po­rate Ser­vices De­part­ment deputy di­rec­tor Umi Kal­som Harun, Farah Rosley and Rahimah Ab­dul­lah from LHDNM Cor­po­rate Ser­vices De­part­ment.

EY Lead­ers, LHDNM and Ta­len­tCorp of­fi­cials as well as stu­dents and rep­re­sen­ta­tives from lo­cal and in­ter­na­tional in­sti­tutes of higher learn­ing.

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