Deloitte Forms Tax Technology Alliance with Thomson Reuters to Address Tax Compliance and Regulation

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May 31, 2017, 09:00 ET

NEW YORK, May 31, 2017 /PRNewswire/ -- Deloitte today announced its alliance with Thomson Reuters to combine Thomson Reuters' global tax technology and intelligence with Deloitte's direct and indirect tax services to help companies address dynamic tax regulatory and compliance challenges.

"Technology is the centerpiece of the transformation taking place at many tax departments today," said Steve Kimble, chairman and CEO, Deloitte Tax LLP. "The emergence of new technologies allows tax departments to more effectively make use of data to develop insights for their businesses. Our alliance with Thomson Reuters will strengthen the link between tax and the broader organization, allowing the tax function to make an even greater strategic contribution to the business."

The ONESOURCE corporate tax technology platform is a critical component of the tax ecosystem, enabling tax compliance and reporting in 180 countries. Deloitte's integration of this market-leading technology platform with its tax consultancy insights will provide businesses with solutions to enhance their specific tax lifecycles. Enhancement areas include global compliance, reporting and risk management for corporate taxes, sales tax and other indirect taxes.

"In today's complex regulatory environment, tax technology enables businesses to simplify their tax processes, drive down operating costs, while simultaneously ensuring accurate and transparent global tax compliance," said Joe Harpaz, SVP and managing director, corporate segment for the tax and accounting business of Thomson Reuters. "We have joined Deloitte's alliance program to bring to market joint solutions that leverage our ONESOURCE global tax technology and applications with Deloitte's tax services to help businesses meet the current and pending challenges of multijurisdictional tax operations."

The alliance expands a longstanding relationship between Thomson Reuters and Deloitte. Deloitte is part of the Tax & Accounting Certified Implementer Program at Thomson Reuters, a training and support service for leading accounting and consulting organizations to provide implementation assistance for Thomson Reuters software products. Deloitte is certified in all of the Thomson Reuters ONESOURCE tax solutions.

Deloitte professionals have also won Thomson Reuters' annual "Taxologist of the Year – Certified Implementer" award the past two years for being the top certified implementer. Deloitte's clients have also won other categories of the Taxologist Awards through their demonstrated ability to increase tax department effectiveness using ONESOURCE.

For more information about Deloitte's tax management consulting services, visit https://www2.deloitte.com/us/en/pages/tax/solutions/tax-mangement-consulting.html.

About Thomson Reuters
Thomson Reuters is the world's leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters' shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com.

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including 80 percent of the Fortune 500 and more than 6,000 private and middle market companies. Our people work across more than 20 industry sectors to deliver measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to make their most challenging business decisions with confidence, and help lead the way toward a stronger economy and a healthy society.

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Contact
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Public Relations
Deloitte Services LP
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SOURCE Deloitte