Challenge the Chancellor competition
23 September 2010
Four Abingdonians have won the national ‘Challenge the Chancellor’ competition. The competition is run by the Chartered Institute of Taxation and students across the country are asked to submit suggestions for a new tax and then explain why they would introduce it.
Forest Wong, Gary Ling, Benny Liang and John Yoo (OA) proposed a tax on nightclub entrance fees; it was deemed by the judges “to be of a high standard and was very well thought out.” Their submission was well crafted and they completed primary research of their own on the price sensitivity of clubbers to support their proposal. The prize of £1000 for the Economics Department and £100 each for the students will be presented on 26th October by David Gauke MP, Exchequer Secretary to the Treasury at The Travellers’ Club, Pall Mall. The prize-giving will be followed by a reception, buffet lunch and photo call.
