SMU, in collaboration with the Tax Academy of Singapore (TA), launched the SMU-TA Centre for Excellence in Taxation (SMU-TA CET) on August 5. It was announced that the SMU-TA CET represents a major new initiative in research addressing international and regional tax issues and taxation policies, for policy development and engagement of the international tax community. SMU President Professor Arnoud De Meyer said: "In its 2010 final report, one of the main recommendations of the Committee to Develop the Accounting Sector (CDAS) was that Singapore should develop a centre of excellence in tax." SMU-TA CET will partner members of academia, industry leaders and government officials to produce multidisciplinary research on international taxation, from legal, economic and public policy perspectives.