Deloitte Tax Championship 2024
We are pleased to announce that our students have won Outstanding Team Award (Team Track) and Merit Team Award (Individual Track) in Deloitte Tax Championship 2024.
Deloitte Tax Championship is an annual competition for students to showcase their skills and knowledge in China and International Taxation. This year, the competition featured two tracks – Team Track and Individual Track, and three rounds: Preliminary Round, Semi-final Round, and National Finals. Students from Individual Track who advanced to the National Final were matched into a new team with four students from the Team Track. Participants tackled real-world cases focusing on emerging trends like digital tax, carbon tax, AI-technology, and ESG-related issues.
Among the participating teams of students from 59 universities, our students have demonstrated their knowledge in taxation and brought home the Outstanding Team Award (Team Track) and Merit Team Award (Individual Track). Congratulations!
More about the competition: https://www2.deloitte.com/cn/zh/pages/tax/topics/deloitte-tax-championship.html (Chinese version only)
Outstanding Team Award (Team Track)
Mr. Cheng Yan Chak Clarence, BBA(Acc&Fin), Year 3
Miss Keung Ka Ching, BBA, Year 3
MIss Liu Yunqi, BBA(Acc&Fin), Year 5
Faculty Advisor:
Prof. Christina Ng
Mr. Vincent Tam
Merit Team Award (Individual Track)
Miss Liu Yiming, BBA, Year 2
Student Sharing:
“Twice I sought representation in this competition. My sophomore application was unsuccessful, but as a penultimate-year student, I persevered, securing selection for DTC 2024 with Prof. Christina Ng’s support. Our goal was to reach the National Finals in Beijing, competing with student teams from other twelve prestigious universities. We not only achieved this but exceeded our expectations, securing a top sixth finish and won the Outstanding Team Award.
I extend my sincere gratitude to Prof. Christina Ng and Mr. Vincent Tam, our advisor, for their invaluable support and guidance, equipping us with the requisite professional tax knowledge and presentation skills. My thanks also go to HKU Business School, particularly Kit and Emily, for their efficient logistical coordination.
Equally crucial were the contributions of my HKU teammates, Iris, Ariel, and Alan, along with our National Finals teammate, Tan Zhou from Sichuan Normal University. Iris and Tan’s profound tax expertise, particularly concerning Chinese taxation, ensured the accuracy of our computations and responses. Ariel and Alan’s exceptional presentation skills and astute business acumen delivered a compelling presentation. Their contributions were all indispensable to our success.
This year presented numerous challenges, including scheduling conflicts between revision, examinations, and the competition. Despite these obstacles, our performance has still far surpassed our expectations.
We encountered complex questions encompassing transfer pricing, permanent establishments, and emerging trends like the EU’s carbon tax. However, our team adeptly navigated these challenges, achieving exceptional results.
This is and will forever be one of the best case competition experiences I have ever had in my university life in HKU.”
(by Mr. Cheng Yan Chak Clarence)
“I have always sought to challenge myself and step outside of my comfort zone by participating in dynamic business case competitions. I vividly recall the excitement I felt upon being selected by the Business School as one of four HKU representatives in the competition. Although the preparation phase for the Regional Round was rigorous, I acquired in-depth knowledge in both international and China tax, and forged strong relationships with my teammates.
We are immensely grateful for securing a place in the National Finals held in Beijing in early December, after competing among other exceptional teams from mainland China, Hong Kong, Taiwan, and Macau in the Regional Round. Representing our school on an international stage and competing against some of the best teams in the Finals was an invaluable experience.
Despite being a brief three-day trip, it was truly unforgettable. Visiting and competing at the newly inaugurated Deloitte Academy was particularly eye-opening. We collaborated with another teammate, Tan Zhou from Sichuan Normal University, in the individual track. Although our team was newly formed, our professional expertise, robust presentation skills and adaptiveness enabled us to deliver two compelling presentations on complex tax cases, focusing on emerging trends such as digital tax, carbon tax, ESG, and transfer pricing within a stringent time frame. This experience significantly broadened my horizons as I learned from teams representing some of the most prestigious institutions in mainland China. We not only exchanged ideas, skills, and knowledge but also built friendships and created lasting memories.
I would like to express my deepest gratitude to Deloitte for organizing this competition for twenty consecutive years, thereby creating a platform that connects students from Hong Kong, mainland China, Taiwan, and Macau. Furthermore, I extend my heartfelt thanks to Prof. Christina Ng for her belief in me and for selecting me to represent HKU Business School, as well as to Mr. Vincent Tam for his unwavering support and insightful guidance during our trip to Beijing. I also wish to thank Emily and Kit for their effective communication and coordination with Deloitte. Last but not least, I am incredibly proud of my team for achieving outstanding results as one of the Top 6 teams, and earning an Outstanding Team Award at the National Finals.”
(by Miss Keung Ka Ching, Ariel)
“First, I want to express my sincere gratitude to Prof. Christina Ng and Mr. Vincent Tam for their leadership during the Deloitte Tax Championship. Their support was crucial to our team’s success, and I truly appreciate the guidance they provided along the way. I also want to recognise the hard work of my teammates; each of you brought unique strengths that made a real difference in our efforts.
Participating in this competition has been a fantastic learning experience. It showed me that tax isn’t just about the technical details—it’s deeply connected to social trends and global events like climate change, geopolitical conflicts, and national policies. This broader perspective has enhanced my understanding of the tax field and its importance in today’s world. Overall, I’m grateful for the opportunity to learn and grow with such amazing group of people.”
(by Miss Liu Yunqi, Iris)
“During my participation in Deloitte Tax Championship, it challenged me to learn tax law and international taxation from scratch within a month. Competing alongside peers who had specialised in tax-related courses motivated me to acquire solid knowledge within just a few months. It was exciting to see how technology can increase the efficiency of taxation-related work.
I feel fortunate to have advanced to the National Finals of the Deloitte Tax Championship, where I had the opportunity to meet managers and partners from various Deloitte branches. I was impressed by their professionalism and their commitment to nurturing young talents. They were dedicated to teaching and guiding us in our pursuit of knowledge. Rather than focusing on a broader scope, they delved deeply into the specifics, encouraging us to reflect and rethink until we achieved perfection.”
(by Miss Liu Yiming)
