- Alliance will help businesses address the challenges of
multijurisdictional tax operations, by providing leading-edge,
digitally enabled tax services
NEW YORK and DALLAS,
May 21, 2019 /PRNewswire/ -- Ernst
& Young LLP (EY) and Thomson Reuters today announce a strategic
alliance that brings together Thomson Reuters ONESOURCE global tax
technology with EY Tax Technology and Transformation (TTT)
services. Through the alliance, EY and Thomson Reuters will bring
to market new solutions that help multinational organizations
implement seamless tax compliance operations to help address the
challenges of complying with multijurisdictional tax requirements
in a complex and shifting regulatory environment.
Thomson Reuters ONESOURCE — with an industry-leading portfolio
of global tax and accounting technology for corporations — enables
streamlining of data and process automation across tax, accounting
and finance functions.
With extensive knowledge of ONESOURCE, EY teams will guide
clients through the implementation of the technology as clients
embark on digital and business transformation to simplify tax
processes, drive down operating costs and maintain transparent
global tax compliance.
Kate Barton, EY Global Vice Chair
– Tax, says: "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."
Brian Peccarelli, Chief Operating
Officer, Customer Markets, Thomson Reuters, says: "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."
The alliance expands the longstanding relationship with Thomson
Reuters and provides the ability for EY to serve clients at a
deeper level within the ever-changing tax technology space. It will
also offer EY clients focused support from Thomson Reuters within
and beyond the tax function, deepening relationships in the areas
of compliance, technology, IT, global trade and the office of the
general counsel.
John Kuzy, EY Americas Tax Sector
Leader, says: "EY and Thomson Reuters have unparalleled experience
in helping clients manage the complexities of interconnected topics
such as tax reform, global compliance and reporting, workforce
transformation in the digital age and global trade. Driven by a
common purpose to build a better working world, both organizations
help make tax operations thrive in the digital age, across
geographies and sectors, thus helping the corporate tax function to
advance clients' business strategy."
Notes to Editors
About EY
EY is a global leader in assurance, tax, transaction and
advisory services. The insights and quality services we deliver
help build trust and confidence in the capital markets and in
economies the world over. We develop outstanding leaders who team
to deliver on our promises to all of our stakeholders. In so doing,
we play a critical role in building a better working world for our
people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or
more, of the member firms of Ernst & Young Global Limited, each
of which is a separate legal entity. Ernst & Young Global
Limited, a UK company limited by guarantee, does not provide
services to clients. Information about how EY collects and uses
personal data and a description of the rights individuals have
under data protection legislation is available via ey.com/privacy.
For more information about our organization, please visit
ey.com.
This news release has been issued by EYGM Limited, a member of
the global EY organization that also does not provide any services
to clients.
About Thomson Reuters
Thomson Reuters (TSX/NYSE: TRI) is the world's leading provider
of news and information-based tools to professionals. Our worldwide
network of journalists and specialist editors keep customers up to
speed on global developments, with a particular focus on legal,
regulatory and tax changes. Thomson Reuters shares are listed on
the Toronto and New York Stock
Exchanges. For more information on Thomson Reuters, visit tr.com
and for the latest world news, reuters.com.
Virginia Milazzo
EY Global Media Relations
+1 212 360 9261
virginia.milazzo@ey.com
Jenn Riggle
Thomson Reuters
+1 972 250 8444
jenn.riggle@tr.com
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