[HONG KONG, May 27 2020] 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 data 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 agreement between HKUST and EY will establish a platform for joint research and technology development opportunities of mutual interest relating to the application of emerging technology to practical tax scenarios, thereby facilitating collaborations between the two organizations. This will include practical tax technology case study projects, speaking opportunities for HKUST academic staff and EY partners, and internship and graduate employment opportunities for students.
Leading the collaboration from HKUST are Prof. TAM 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 & Engineering at the School of Engineering. The expert team from HKUST underscores the value of interdisciplinary knowledge and the role of technology in business in the new digital economy.
Prof. TAM says: “We are honored to become the first Asia-Pacific university to be associated with the EY Advanced Technology Tax Lab. The collaboration allows our researchers and students to build relevance to the corporate world and address real challenges faced 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 dramatically disrupting the tax profession. New technology enables more reporting requirements, more real-time data, digital data collection, application of data analytics and machine learning, as well as more data sharing between tax authorities.”
The new partnership reinforces HKUST’s vision to transfer its technology and expertise leading to economic or social improvements and EY’s commitment to help the tax profession navigate the evolving tax landscape as new technologies enter the market.
