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| PwC signs three-year deal to use ONESOURCE Corporate Tax China. |
SHANGHAI, Dec 20, 2012 - (ACN Newswire) - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced that it has signed a three-year contract with PwC, the world's leading professional services organisation, to provide use of its ONESOURCE Corporate Tax solution for China.
In assisting clients with their tax preparation and compliance obligations, the use of tax technology by PwC will help to improve efficiency, accuracy and reduce risk in tax compliance. This is timely in light of China's changing tax environment which presents uncertainties and challenges for taxpayers, as they seek to ensure compliance with tax laws and reporting requirements.
"With ONESOURCE Corporate Tax China, our Tax Management and Accounting services are taken to another level. Adopting this technology will go a long way in helping PwC drive value for our clients throughout their entire tax and accounting cycle," said Matthew Wong, tax partner, PwC China.
The solution automates tax law changes and many aspects of compliance calculation. This helps provide transparency and audit capabilities to ensure accuracy, enabling users to focus on strategic value-add projects. ONESOURCE Corporate Tax is currently used by PwC UK and will be used by PwC across China - Beijing, Dalian, Guangzhou, Hong Kong, Qingdao, Shanghai, Shenzhen and Tianjin.
"We strive to exceed the needs of our clients wherever they may be based. Having a local presence and a global offering has enabled us to do just this," said Charlotte Rushton, managing director Asia Pacific and EMEA for the Tax & Accounting business of Thomson Reuters.
"As we continue to expand and develop our ONESOURCE suite of tax software and services in new markets we are able to reassure new entrants, and those like PwC that have a strong presence, that our solutions can help maintain accurate and seamless compliance with increasingly complex international tax laws and accounting rules across the world."
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 organisation. With headquarters in New York and major operations in London, Singapore 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. For more information, go to www.thomsonreuters.com .
About PwC - Globally
PwC helps organisations and individuals create the value they're looking for. We're a network of firms in 158 countries with more than 180,000 people who are committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at www.pwc.com .
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
PwC - China, Hong Kong, Singapore and Taiwan
PwC China, Hong Kong, Singapore and Taiwan work together on a collaborative basis, subject to local applicable laws. Collectively, we have around 690 partners and a strength of 16,000 people.
Providing organisations with the advice they need, wherever they may be located, our highly qualified, experienced professionals listen to different points of view to help organisations solve their business issues and identify and maximise the opportunities they seek. Our industry specialisation allows us to help co-create solutions with our clients for their sector of interest.
We are located in these cities: Beijing, Hong Kong, Shanghai, Singapore, Taipei, Chongqing, Chungli, Dalian, Guangzhou, Hangzhou, Hsinchu, Kaohsiung, Macau, Nanjing, Ningbo, Qingdao, Shenzhen, Suzhou, Taichung, Tainan, Tianjin, Xiamen and Xi'an.
CONTACT
Tina Allen
PR Manager Thomson Reuters
Tina.allen@thomsonreuters.com
+44 (0) 207 375 6814
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: Thomson Reuters Corporation via Thomson Reuters ONE
Topic: Press release summary
Source: Thomson Reuters
https://www.acnnewswire.com
From the Asia Corporate News Network
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