EY alliance with Thomson Reuters on digital tax services

EY is teaming up with Thomson Reuters to develop leading-edge, digitally enabled tax services targeted at mulitnationals operating across tax jurisdictions

The Big Four firm has announced a strategic alliance that brings together Thomson Reuters Onesource global tax technology with EY’s tax technology and transformation (TTT) services.

The aim is to bring to market new solutions that help multinationals implement seamless tax compliance operations in order to address the challenges of complying with multijurisdictional tax requirements in a complex and shifting regulatory environment.

Thomson Reuters Onesource is a portfolio of global tax and accounting technology for corporations which is designed to streamline data and process automation across tax, accounting and finance functions.

Kate Barton, EY global vice chair, tax, said: ‘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 teams will guide clients through the implementation of the technology as they embark on digital and business transformation to simplify tax processes, drive down operating costs and maintain transparent global tax compliance.

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.’

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