Tax & Accounting

Thomson Reuters Tax Talk

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The OECD’s Pascal Saint-Amans discusses global corporate tax reform, with analysis from Joe Harpaz, head of ONESOURCE

Our Tax & Accounting business is launching a series of interviews, moderated by Reuters Editor-at-Large Axel Threlfall, with key players in the world of tax, accounting, and finance.

The first installment features Pascal Saint-Amans, director of the Centre for Tax Policy and Administration at the Organization for Economic Cooperation and Development (OECD).

Saint-Amans is overseeing the OECD’s Base Erosion and Profit-Shifting (BEPS) project to close gaps in international taxation, including a seismic shift in transfer pricing documentation and reporting.

“The common goal is to increase transparency, to level the playing field, to increase competition between players so that tax is not a black hole where you can make a lot of money and be at a competitive advantage compared to your competitors,” he says in the interview. “The second key principle is to realign the location of the profits with the location of the activities because locating all your profits in a tax haven where nothing is happening is nonsense and is not good for competition.”

The interview is available here: (more…)

Our markets – Part two

Our_markets___Corporate_Responsibility___Inclusion__CR_I____2014_Annual_Report___Thomson_Reuters

Being responsible and ethical is part of the Thomson Reuters heritage — a fundamental pillar of our business. We seek to attract and retain the most talented individuals and create an environment where all our people can develop to their full potential to better serve our customers and communities. Valuing and promoting diversity and inclusion is key to this objective. Explore our 2014 Corporate Responsibility & Inclusion report to see how we’re ensuring sustainable growth through diversity of talents, outlooks and ideas. Read part one here.

Pulitzer Prize – Reporting on human-rights abuses leads to Pulitzer — and helps free 900 people from traffickers

In 2014, Reuters won its first-ever Pulitzer Prize for text-based reporting. The 2014 Pulitzer Prize in International Reporting recognized the dedication of a team of Reuters reporters who spent two years investigating human-rights abuses in Myanmar. The Pulitzer committee recognized the team for “their courageous reports on the violent persecution of the Rohingya, a Muslim minority in Myanmar that, in efforts to flee the country, often falls victim to predatory human-trafficking networks.” By bringing the abuses to global attention, the team helped to free more than 900 people from trafficking rings.

Cyberbullying – Fighting back against the cyberbullies

Thomson Reuters this year released a major white paper, ”Fighting Cyberbullying in Schools: What Law Enforcement, Schools and Parents Can Do.” It draws on leading law enforcement professionals, a judge and a county attorney, to help police, school resource officers and security officials better understand, investigate and confront cyberbullying — often cited as a key factor in student suicides and deadly school shootings. Among the solutions outlined in the white paper is CLEAR, an investigative suite from Thomson Reuters, which helps identify and locate people engaged in cyberbullying.

Thomson Reuters Eikon – Eikon in the classroom gives students real-time trading experience

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Know what: Opening opportunity’s gates

2014 Annual Report

2014 was a year in which knowing more — who, what, why and how — was critical to informed decision making and successful outcomes. Explore our 2014 Annual Report.

As deal activity resurged around the world in 2014, global investment banking fees across mergers and acquisitions and capital markets activity saw a nearly seven percent increase over last year and their strongest annual period since 2007. China’s 37.4 percent increase over the previous year was just one measure of the enormous changes afoot.

In 2014, China became the world’s largest economy and the renminbi (yuan) became the second-most-used currency in the world for trade finance. The launch of Shanghai-Hong Kong Stock Connect, a major step forward for China cross-border investment, is part of significant financial reform that seeks to bring globally accepted governance standards to the country’s capital markets and financial institutions. And Alibaba’s US$25 billion IPO on the New York Stock Exchange was the largest in history, joining four other China-based companies among the world’s largest IPOs. (more…)

The need to know: Explore our 2014 Annual Report

Annual Report

Our customers participate in the most important conversations in a fast and complex world every day. As professionals, they navigate markets, risks and regulations; shape and manage legal systems and tax jurisdictions; protect innovations; and drive scientific discovery. Their work is important and their decisions matter. And common to them all is the need to know.

Professionals today need more. More than information, data and news. More than speed. More than mobile access. They need insight, analysis and context. Solutions that simplify, clarify and deliver competitive advantage, providing confidence to act on what they know. And millions of professionals from every part of the global economy rely on Thomson Reuters for what they need to know to understand critical issues, solve tough problems and adapt to dynamic change.

During 2014, the risks of global fraud and rising terrorism; the multi-stage recovery of world markets and the opening up of China; the significant shift in oil prices and increasingly urgent focus on climate change and energy alternatives; and the economic and social impacts of an aging world population and Alzheimer’s disease were just a few of the challenges and opportunities facing our world. It was a year in which knowing more — who, what, why and how — was critical to informed decision making and successful outcomes.

Explore our 2014 Annual Report – Know which includes the Corporate Responsibility & Inclusion and Thomson Reuters Foundation annual reports.

Time to think about ACA Compliance and your ONESOURCE solution

Bill thinks he has all year to work out his ACA Compliance solution, but it seems he may have come to that conclusion based on many false assumptions. Jill is worrying about ACA Compliance now and she may find that, with the right provider, there is no need to worry at all. Will you have an ACA Success Story ready for January 2016? Learn more about Affordable Care Act compliance with Thomson Reuters ONESOURCE.

President’s Fiscal Year 2016 Budget

REUTERS/John Pryke

The President’s 2016 Budget, which was released on February 2nd, focuses on a strategy to strengthen the middle class and help working families. A mixture of old and new provisions, it estimates that it achieves about $1.8 trillion in deficit reduction, primarily from reforms to health programs, the tax Code and immigration. Earlier this weekCheckpoint released a special report titled, President’s Fiscal Year 2016 Budget. Our special report discusses the individual and business tax provisions in the President’s Fiscal Year 2016 Budget in detail.

Download the special report

The most tax-friendly states for New Year’s resolutions

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We recently released a list of popular New Year’s resolutions and their associated sales tax across the countryThe list shows that more states are now taxing previously exempt services. Michigan, Maryland, Massachusetts, California, Nevada, Rhode Island and South Carolina top the list of the most tax-friendly states for New Year’s resolutions, as they don’t levy any sales tax on groceries, e-books or gym memberships.

The above map further outlines the breakdown for taxes on these popular resolutions in each state. You can see the full list here and some highlights below:  (more…)

Creating ‘data chemistry’ – new patterns of innovation in the era of big data

Last month, Professor David Gann and Professor Yike Guo from Imperial College London presented to an audience at Thomson Reuters London South Colonnade office on “New patterns of innovation in the era of big data,” hosted by James Powell. The talk was part of our Data Innovation Lab’s TechVision series. 

The growth in collection of data, and our ability to use it, is creating new opportunities for growth and we are seeing new patterns in the way innovation occurs as a result.

These patterns, set out in Prof David Gann’s recent paper in the Harvard Business Review (registration required for free view of the article), cover five broad trends: (more…)

JaeSon Kim discusses career opportunities in Asia

JaeSon Kim, Vice President, Asia Pacific – Tax & Accounting discusses his career at Thomson Reuters & explains why our company is a great place to work.

To learn more about working at Thomson Reuters, visit our career site or view all current opportunities in Asia.

The Taxologists of Tomorrow program

In the 21st Century global economy, technology plays a major role in driving efficiencies and managing business. As it continues to evolve, so does the role and functionality of professionals everywhere. Taxologists of Tomorrow is a unique program that leverages technology to provide students with an educationally enriching career exploration experience. Students will learn how technology removes workplace boundaries and allows businesses to compete and expand quickly and efficiently. At the end of the experience, students will be armed with practical information and skills to make informed career choices and create a vision for their future.

Learn more about the program and our partnership with Junior Achievement here.