TAR College Students Emerge Champions in Deloitte Tax Challenge
TAR College School of Business Studies students once again did the College proud for having won three of the main prizes in the Deloitte Tax Challenge 2012. They were champions in both the individual and team categories as well as second runner-up in the team category. Since its inception in 2008, TAR College students have consistently won in either the individual category or the team category, or in both, but this year’s achievement was the best by far.
The competition saw 22 institutions of higher learning in Malaysia vying for top prizes in team and individual categories. Contestants were tested on their understanding of Malaysian taxation and their abilities to identify tax issues and recommend tax-efficient solutions and tax-planning for scenario-based tax cases for a group of companies and individual(s) as well as their soft skills.
Lee Tze Yang, an Advanced Diploma in Commerce (Financial Accounting) student who won the individual category and also took the first prize for the team category with this team mates said that the win did not come easy and he worked very hard for the competition. “The whole process was very grueling but fulfilling,” he said.
When it came to the team category, Lee credited his team members for putting in their greatest effort to emerge as champions. The other three members of the winning team (Team Tax-ology) – Jeremy Toh Jian Jun, Annie Wong Chin Yi and Chong Kai Ling – are all Advanced Diploma in Commerce (Financial Accounting) students. The champion team had regular group discussions on various relevant topics to help them fully grasp the gist.
The second runner-up team (Team Tax Busters) – Serene Liew Pei Yi, Ooi Yee Tong, Cheong Huei Ling and Tang Mei Gee – were pleasantly surprised after they were told that they had won.
All of them unanimously credited their mentors, Mr Michael Yeo and Mr Chong Geok Chuang for their dedication in preparing the students for the competition and the constant motivation to inspire them to reach their optimal performance.