Thomson Reuters Unveils the Industry's First End-to-End Transfer Pricing Solution

ONESOURCE solution to help global companies comply with tightening transfer pricing regulations New York, July 18, 2012 - Thomson Reuters today announced the latest version of ONESOURCE Transfer Pricing, the first comprehensive software and content suite to address the entire transfer pricing workflow within a corporation...
http://thomsonreuters.com
New York, 18/07/2012 (informazione.it - comunicati stampa - editoria e media)

ONESOURCE solution to help global companies comply with tightening transfer pricing regulations

 

New York, July 18, 2012 - Thomson Reuters today announced the latest version of ONESOURCE Transfer Pricing, the first comprehensive software and content suite to address the entire transfer pricing workflow within a corporation.

ONESOURCE Transfer Pricing helps global organizations automate and control data collection, policy creation and documentation, and ongoing financial monitoring to ensure compliance. This is particularly important in light of recent moves by governments globally to tighten transfer pricing regulations and strengthen enforcement to generate billions of dollars in incremental revenues each year.  

New and updated components that are instrumental to this end-to-end solution are:    

  • Transfer Pricing Analyzer (TPA) that provides users with a single, up-to-date view of transfer pricing obligations across key jurisdictions around the world, and the ability to apply such rules in the context of a single company resident in one of the jurisdictions covered. 

  • Updated data collection features in the Documenter and Benchmark web-based solutions that enable corporations to analyze the arm's-length nature of tangible, intangible, and service transactions. 

 

"While companies may have sound transfer pricing documentation in place, research shows that few have all the necessary components to ensure compliance with confidence," said Joe Harpaz, managing director of the corporate division within the Tax & Accounting business of Thomson Reuters. "And with global enforcement on the rise, there is a critical need for an end-to-end transfer pricing solution. We are excited to provide a solution consisting of both software and content that can help multi-national companies achieve compliance with confidence from start to finish."  

In recent Thomson Reuters' polls of 70 tax executives and controllers, nearly half do not have a standard process in place for transfer pricing planning, pricing and documentation. The ONESOURCE Transfer Pricing solution helps global companies:

  • Identify and collect transfer pricing information and data by:  

  • Automating the process for collecting financial data from various global systems and other sources. 

  • Creating custom information requests to gather necessary company specific and functional information. 

  • Compiling global transaction information and relevant supporting files in a centralized location. 

 

  • Design and implement inter-company procedures and policy by:  

    • Documenting and managing transfer pricing policies.  

    • Capturing policies for global affiliates. 

 

  • Monitor, analyze and fine-tune inter-company policies and pricing by: 

    • Reducing or eliminating out-of-period adjustments. 

    • Reviewing inter-company policy compliance with ease. 

    • Making timely adjustments to ensure appropriate pricing throughout the year. 

 

  • Prepare required documentation by: 

    • Accessing guidance and information regarding local regulations and a step-by-step process to complete configurable transfer pricing documentation. 

    • Leveraging prior year work that can easily be updated for future years.  

    • Searching and analyzing the more than 1.2 million private and public company records worldwide, as well as intangible agreements, with sophisticated filtering and reviewing functionality to efficiently identify comparables for use in transfer pricing analyses. 

 

Availability

Additional information can be obtained by visiting http://onesource.thomsonreuters.com/solutions/transfer-pricing/transfer-pricing.  

 

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, go to www.thomsonreuters.com.

 

CONTACT

Aimee Quemuel

(415) 753-9005

mailto: aimee@codeycommunications.com

 

 

 

Reuters Unveils the Industry's First End-to-End Transfer Pricing Solution&c1=1627494&c2=D=Referer" border="0" />

Copyright Thomson Reuters


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: %s via Thomson Reuters ONE


[HUG#1627494]
Per maggiori informazioni
Ufficio Stampa
Thomson Reuters
3 Times Square
10036 New York, NY
Allegati
Global Indirect Tax Burden Eases in Q1, According to Thomson Reuters ONESOURCE Report  -  New York, April 26, 2012 - There were 30 percent fewer indirect tax increases reported globally in the first quarter of 2012 than there were during the same period in 2011, according to the latest ONESOURCE Indirect Tax rate report from Thomson Reuters. The number of indirect tax...
Orion Corporation: Transfer of 87,763 own B-shares  on 12 March 2012
Orion Corporation: Transfer of 87,763 own B-shares on 12 March 2012  -  Orion Corporation        Stock Exchange Release   12 March 2012   at 18.45 EET Orion Corporation: Transfer of 87,763 own B-shares on 12 March 2012 In accordance with a decision by the Board of Directors, Orion Corporation has on 12 March 2012 transferred altogether 87,763 Orion...
Sirius International Selects Autonomy's End-to-End Meaning Based Governance Platform  -  Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software for the enterprise, today announced that Sirius International is using Autonomy's end-to-end iManage solution suite for intelligent document management and effective workflow automation. The leading underwriter...
Autonomy Unveils New Release of WorkSite  -  Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software for the enterprise, today announced a new release of its flagship document management solution, WorkSite version 9.0. This release delivers next-generation private cloud computing platform and new capabilities in...
ALDATA SOLUTION OYJ: ARBITRAL AWARD REGARDING THE REDEMPTION PRICE EFFECTIVE; TRADING HALT IN ALDATA'S SHARES APPLIED TO START ON 16 JULY 2012
ALDATA SOLUTION OYJ: ARBITRAL AWARD REGARDING THE REDEMPTION PRICE EFFECTIVE; TRADING HALT IN ALDATA'S SHARES APPLIED TO START ON 16 JULY 2012  -  Aldata Solution Oyj, Stock Exchange Release, 12 July 2012 at 4:00 p.m. (EET) ALDATA SOLUTION OYJ: ARBITRAL AWARD REGARDING THE REDEMPTION PRICE EFFECTIVE; TRADING HALT IN ALDATA'S SHARES APPLIED TO START ON 16 JULY 2012 Symphony Technology II-A, L.P. ("Symphony") has informed...
Loading....