SMU launches Singapore’s first center for excellence in taxation

It will turn the country into a global accountancy hub.

The Tax Academy of Singapore and Singapore Management University yesterday unveiled the SMU-TAT Centre for Excellence in Taxation, in a bid to transform the country into the world’s leading accountancy hub..

The SMU-TA CET is the first research centre of its kind in Singapore. It represents a major new initiative in research addressing international and regional tax issues and taxation policies.

The aim of the Centre is to produce highly robust research in international and regional tax issues for policy-development and engagement of the international tax community. The new Centre will be helmed by SMU Professor of Accounting Sum Yee Loong who has more than 30 years of experience in Singapore and international taxation.

According to SMU President Professor Arnoud De Meyer , “In its 2010 final report, the Committee to
Develop the Accounting Sector (CDAS) envisioned that Singapore should be transformed
into a leading global accountancy hub. One of the main recommendations of CDAS was that
Singapore should develop a Centre of Excellence in tax.”