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Entries close: 4 August 2017

© 2017 Ernst & Young Tax Consultants Sdn. Bhd. All Rights Reserved. APAC no. KIV. ED None.

EY Young Tax Professional of the Year 2017 Malaysia

Instructions

1. Please answer the question below.

2. The essay should not be more than 2,000 words (max), excluding diagrams,

references and appendices.

3. The essay should be submitted in a Word document format on A4 size paper with

1.5 line spacing, using Times New Roman font size 12. All pages, except the cover

page, should be numbered consecutively with page numbers appearing at the

bottom right corner of each page.

4. Please write in a formal academic style with references (Harvard system) and

bibliography.

5. Please indicate the following details on the cover page of your essay:

• Full name

• I.C. no.

• Name of university/college

• Faculty

• Major

• Undergraduate (Year)

• Email address

• Telephone number

Please also include the following confirmation on the cover page:

I confirm that I understand what plagiarism is and that this essay is my own work. All

contributions from other authors are duly referenced and acknowledged.

6. The essay should be submitted to the following email address:

eyytpy@my.ey.com

Please indicate “EY Young Tax Professional of the Year 2017 Malaysia” as the

email subject.

7. The essay submission must be received by EY no later than 5.00 p.m. on Friday, 4

August 2017.

ESSAY QUESTION

Base Erosion Profit Shifting (BEPS) is essentially an issue concerning the cross-border

schemes orchestrated by multinational enterprises (MNEs) that take advantage of

different domestic tax rules and double tax treaties (DTTs) to effectively pay little or

minimal tax. In this regard, the Organisation for Economic Co-operation and

Development (OECD) has drafted Action Plans to create a single set of consensus-based

international tax rules to ensure MNEs pay their fair share of taxes.

The Prime Minister from Country X is not clear on this whole BEPS topic. The Prime

Minister is currently looking to appoint a tax policy adviser and you are interested in

this position.

As part of the interview process, the Prime Minister has asked you (a potential

candidate for the job), to write an essay so that the Prime Minister can understand how

MNEs are taking advantage of the different domestic tax rules and DTTs in the digital

economy. This is because the Prime Minister has been made aware that business

operations today have changed as a result of advances in information and

communications technology (ICT), making technology cheaper and more powerful,

changing business processes and bolstering innovation across all sectors of the

economy, including traditional industries.

You have been informed that the Prime Minister would be impressed if your essay

identifies an actual international tax structure and names the MNE.

The Prime Minister also wants your essay to identify and explain which OECD Action

Plans/Plan relate(s) to the scheme you have described and how the proposed Action

Plans/Plan will assist to prevent such base erosion in future.

EY | Assurance | Tax | Transactions | Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com. © 2017 Ernst & Young Tax Consultants Sdn. Bhd. All Rights Reserved. APAC no. 07000876 ED None. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax or other professional

advice. Please refer to your advisors for specific advice.