LONDON, Nov. 9, 2010 /PRNewswire/ -- The Tax & Accounting business of Thomson Reuters today announced that it has signed a contract with PwC in the United Kingdom to supply its ONESOURCE Corporate Tax UK (formerly ABACUS) solution. Discussions between PwC and Thomson Reuters began earlier this year following a competitive selection process and closed with contracts being signed on Friday 22 October.
The ONESOURCE Corporate Tax UK solution will become one of the technologies used by PwC to support its corporate tax compliance service.
Mike Roberts, managing director of the Corporate Market EMEA for the Tax & Accounting business of Thomson Reuters said: "To address the escalating demand from multinational corporations, due to the challenging tax environment in which they operate, professional services firms like PwC are using technology to ease the complexity of the corporate tax compliance process."
The implementation phase will begin immediately so as to make a seamless transition to ONESOURCE Corporate Tax UK over the coming months.
For more information on ONESOURCE Corporate Tax UK visit: www.onesource.thomsonreuters.com
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, legal, tax and accounting, healthcare 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 more than 50,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.
The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Headquartered in New York, Tax & Accounting has major operations in Ann Arbor, Dallas, Hyderabad, London, Sydney, and Toronto. For more information, go to http://thomsonreuters.com/products_services/taxacct/.
SOURCE The Tax & Accounting business of Thomson Reuters