HKUST Becomes First University in Asia-Pacific Associated with EY Tax Lab

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Hong Kong: (27 May)The Hong Kong University of Science and Technology (HKUST) today announces a collaborative partnership with EY’s Advanced Technology Tax Lab (“Tax Lab“). This unique collaboration brings together experts in information science, machine learning and business research, as well as a global leader in professional services, to solve complex tax issues through the use and application of advanced technologies.;

The understanding among HKUST and EY will establish a stage for joint research and technology advancement opportunities of common interest identifying with the application of developing technology to practical tax scenarios, consequently encouraging collaborations between the two organizations. This will incorporate practical tax technology case study projects, speaking opportunities for HKUST scholastic staff and EY partners, and internship and graduate business opportunities for students.

Driving the collaboration from HKUST are Prof. Cap Kar Yan, Dean of HKUST Business School; Prof. Allen HUANG in the Department of Accounting; and Prof. James KWOK in the Department of Computer Science and Engineering at the School of Engineering. The master group from HKUST underscores the estimation of interdisciplinary information and the job of technology in business in the new computerized economy.

Prof. Cap says: “We are honored to turn into the first Asia-Pacific university to be associated with the EY Advanced Technology Tax Lab. The collaboration allows our researchers and students to fabricate importance to the corporate world and address genuine challenges looked by the industry.”

Albert LEE, EY Global Tax Technology and Transformation Co-Leader and Asia-Pacific Tax Technology and Transformation Leader, says: “The digitalization of tax administrations is drastically disrupting the tax profession. New technology enables all the more detailing requirements, all the more constant information, computerized information assortment, application of information analytics and machine learning, as well as more information sharing between tax authorities.”

The new partnership reinforces HKUST’s vision to transfer its technology and expertise prompting monetary or social improvements and EY’s duty to help the tax profession explore the evolving tax landscape as new technologies enter the market.

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