Deloitte Tax LLP has signed an agreement with Thomson Reuters to combine its global tax technology and intelligence software with Deloitte’s direct and indirect tax services to help companies address increasingly complex regulatory and tax compliance issues for companies operating across multiple jurisdictions
The deal will give Deloitte leverage over Thomson Reuters’ Onesource corporate tax technology platform, which enables tax compliance and reporting in 180 countries. Deloitte will integrate the technology platform with its tax consultancy insights service to provide businesses with solutions to enhance their specific tax lifecycles. This will enhance existing Deloitte services, such as global compliance, reporting and risk management for corporate taxes, sales tax and other indirect taxes.
‘Technology is the centrepiece 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 organisation, allowing the tax function to make an even greater strategic contribution to the business.’
Commenting on the alliance, Joe Harpaz, SVP and managing director, corporate segment for the tax and accounting business of Thomson Reuters, said: ‘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 and accounting certified implementer program at Thomson Reuters, a training and support service for accounting and consulting organisations to provide implementation assistance for Thomson Reuters software products.