EY has announced a global tax compliance and technology operating agreement with financial services and insurance multinational AIG that involves a combination of managed tax services and the transfer of select AIG employees to EY
Under the arrangement, members of AIG’s global tax compliance and tax technology teams will be integrated into EY’s tax technology and direct and indirect tax compliance practices at the US federal, state, local and global levels.
The two companies say the collaborative managed services agreement will allow both organisations to more effectively and efficiently navigate changes in the tax landscape, by allowing AIG to leverage EY’s managed tax services and technology backbone, while focusing the company’s internal tax team on more strategic initiatives.
Kate Barton, EY Americas vice chair, tax services and EY global vice chair elect, tax services, said: ‘The arrangement with AIG is an example of our innovative approach to client service, and is another example of EY’s well-established history of offering comprehensive tax services, including outsourcing, co-sourcing and other managed services assignments.
‘It gives AIG direct access to our leading-edge tax platform, as well as our knowledge and experience in tax and technology transformation.’
Employees of AIG’s global tax compliance and tax technology teams transitioned to EY effective March 31, 2018 under a five year agreement.
Report by Pat Sweet
