Ernst & Young LLP (EY) and Thomson Reuters are joining forces in an alliance which brings together Reuters’ Onesource global tax technology with EY’s Tax Technology and Transformation (TTT) services.
The move is designed to provide enhanced solutions for multinational organisations to implement tax compliance operations as complying with multi-jurisdictional tax requirements becomes increasingly complex.
Kate Barton, EY vice chair – tax, said of the move: “With the rapid rise in platform-based technology in the form of cloud and other secure access platforms, tax departments are beginning to solve problems, source business solutions and interact with tax authorities in a whole different way. Together, EY and Thomson Reuters have the opportunity to provide clients a leading-edge, tech-driven solution to help solve their most complex tax challenges.”
EY and Thomson Reuters already have a close relationship after EY acquired Pangea3 from the newsagent earlier this year. This alliance will expand on that existing relationship and provide the ability for EY to serve clients at a deeper level within the ever-changing tax technology space and beyond.
Brian Peccarelli, chief operating officer, customer markets, Thomson Reuters, said: “Businesses are responding to technological, social and professional disruption by transforming how they operate and are structured. They now want those they work with to provide transparent, integrated and agile technology with the services that are tailored to meet their needs, not just a one-kind-fits-all offering.
“This alliance with EY enables us to provide our clients with the very best technology and advisory services for tax, accounting and legal departments.”