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Industry heavyweights to judge young tax professionals’ ideas

Industry heavyweights to judge young tax professionals’ ideas 549 300 Taxpolicy

Four young tax professionals will present and debate their ideas for the future state of the tax system with respected industry figures in Wellington in October – and come away with an inflated bank balance.

The Tax Policy Scholarships Charitable Trust (TPSCT) is running a competition for young tax professionals working in the public and private sector and academia to showcase new ideas in tax policy or administration.

Finalists will give a presentation and field questions from the judges at Victoria University on 8 October.

The panel will comprise former Inland Revenue (IRD) Deputy Commissioner Robin Oliver, TPSCT and former PricewaterhouseCoopers Chair John Shewan, former Secretary of Treasury John Whitehead New Zealand Initiative Executive Director Oliver Hartwich, and former Bell Gully Tax Partner Joanne Hodge.

The winner will receive $10,000 and the other finalists $2000.

“Sound and innovative tax policy formulation is a critical ingredient to the development of a strong and resilient economy,” says Shewan.

“The Robin Oliver Tax Policy Scholarship Competition provides young professionals with a unique opportunity to promote creative policy ideas to tackle the many challenges that 21st century globally mobile and digitally dependent economies must face.”

Tax professionals under the age of 35 (at 1 January, 2015) are eligible to enter.

Entries close on 25 May. Finalists will be announced on 13 July.

Click here for competition guidelines and judging criteria.

About the TPSCT

The TPSCT was established by Tax Management NZ and its founder director Ian Kuperus to encourage future tax policy leaders and support leading tax policy thinking in New Zealand.

Previously, the Trust sponsored a leading international tax policy thinker to visit New Zealand to engage in debate and discussion, and a New Zealand tax professional to undertake research and study.

The Deputy Director of the International Monetary Fund’s Fiscal Affairs Department, Michael Keen, talked global tax policy issues with a select group of young tax professional in Wellington and Auckland last year.

Professor Alan Auerbach of the University of California, Berkeley was the first visiting lecturer in 2013, while the IRD’s Carolyn Palmer was the inaugural scholarship recipient

IMF figure debates global policy with future NZ tax leaders

IMF figure debates global policy with future NZ tax leaders 537 300 Taxpolicy

Around 40 young aspiring tax policy leaders discussed and debated global tax policy issues with the deputy director of the International Monetary Fund’s fiscal affairs department while he was in New Zealand last week for a two-day tax administration conference.

Michael Keen, whose visit to New Zealand as this year’s Robin Oliver Tax Policy Scholarships visiting lecturer was organised by Tax Management NZ (TMNZ), was the keynote speaker at the Tax Administration for the 21st Century Conference in Wellington.

The conference, organised by Inland Revenue, Treasury and Victoria University, was a chance for Minister of Revenue Todd McClay and leading New Zealand tax experts to share their views on future tax policy.

Prior to that, Keen engaged with future New Zealand tax policy leaders from the public and private sector at two forums in Wellington and Auckland.

Attendees were selected by their employers as being potential leaders in the field of tax policy development.

John Shewan and Geof Nightingale chaired the Wellington and Auckland sessions respectively.

As well as discussing and debating a number of tax policy topics with Keen, they also had the chance to share a meal and socialise with him afterwards.

Attendees said they enjoyed the opportunity to engage with other tax professionals at their level from other firms.

TMNZ’s founder director Ian Kuperus created the Robin Oliver Tax Policy Scholarships in 2012.

The scholarships, which recognise Oliver’s 30 years of public service leadership in tax policy, were established to inspire future tax policy leaders and support the continuation of leading tax policy thinking in New Zealand.

The scholarships committee sponsors a leading international tax policy thinker to visit New Zealand to engage in debate and discussion.

It also sponsors a New Zealand tax professional to undertake research and study.

Professor Alan Auerbach of the University of California, Berkeley was the first visiting lecturer last year.

Carolyn Palmer, the inaugural scholarship recipient, is researching the tax policy response to natural disasters such as the Christchurch earthquakes and the Queensland floods.