Baylor University's xTAX Team Top 5 in the NationJan. 21, 2010
By Becca Broaddus
Baylor will compete in PricewaterhouseCoopers' (PwC) Extreme Tax Policy competition (xTAX) national finals Jan. 28 and 29 in Washington, D.C.
"This team has done an awesome job, and we're excited to be going to the national finals again," faculty coach Dr. Brett Wilkinson said.
xTAX teams are a volunteer group of five students who have two weeks to develop a tax policy proposal in response to a set of facts for a fictitious country with some serious economic problems.
"It is a great way for students to hone their critical thinking and presentation skills--skills that all business students will need once they graduate and start working," team captain Amy Pho said.
The case gives students a taste of "real world" tax issues to develop their interest in tax. This year, the topic concerned taxation policy and health care.
Each participating school around the nation has an on-campus competition, judged by a panel from PricewaterhouseCoopers. Of the 12 teams that participated at Baylor, the group of Amy Pho, Jordan Rippy, Stephen Montellano, Whitney Desmond and Joey Morisette came out on top.
The first place team from the Baylor campus competition wins $1,000, and the selection to compete in the finals earns the team an additional $10,000.
The national judging panel reviews the top teams from each participating school and selects the top 5 teams nationwide. The five teams are then invited to Washington, D.C. to compete in the finals.
"Let's just say we're going to bring our 'A' game and do our best," Pho said. "Of course, we all want to win, but above all, I believe it's important that we have fun and truly enjoy what we are doing."
This is the fourth year that Baylor been Top 5 in the nation for this competition. Last year's team placed first in the nation.
Baylor will compete against the University of Florida, Ohio State University, Arizona State University and the University of Cincinnati in January.
Teams are evaluated on their critical thinking, presentation quality and teamwork.
"We hope to win first place again and establish a true Baylor dynasty," Wilkinson said.