Indiana University wins 18th annual 'FanTAXtic' competition
Deloitte and its Deloitte Foundation announced that a team of students representing Indiana University won first place in the 18th annual Deloitte FanTAXtic national case study competition for best presentation of an analysis of a true-to-life tax case.
The national finals were held Jan. 18-20 at Deloitte University in West Lake, Texas. Approximately 60 teams representing more than 40 colleges and universities participated in the competition, with nine teams ultimately reaching the finals. This year's case study focused on incorporated tax reform planning, asking students to determine if a fictional company should remain an S Corp or convert to a C Corp.
"I applaud all of the students that participated in this competition for their hard work and innovative thinking to solve this year's business case challenge," stated Steve Kimble, chairman and CEO of Deloitte Tax. "These students are truly getting a real-world experience that introduces them to the possibilities of a career in tax, and they have the opportunity to showcase their technical proficiency and bold ideas to deliver outstanding solutions."
"The Deloitte FanTAXtic case competition is such a valuable experience for our students," said Indiana University professor Sandra Owen in a statement. "The use of real business case challenges allows our students to further develop their analytical, research and communication skills. They are also inspired by the Deloitte professionals with whom they interact throughout the program. We appreciate the opportunity to participate in this case competition and Deloitte's commitment and sponsorship of this program."
The 2019 FanTAXtic case study competition results are as follows:
- First place: Indiana University, with each student team member receiving $2,000 in scholarships and the university receiving a $10,000 institutional award.
- Second place: University of Illinois – Chicago received $1,000 per student and a $5,000 institutional award.
- Third place: Syracuse University received $500 per student and a $2,500 institutional award.
- Other finalists: Fordham University, the University of Nebraska, North Carolina State University, the University of Northern Iowa, Texas A&M University and the University of Utah.
For more on the FanTAXtic competition, head to Deloitte's site here.