Tobias Lee, chief marketing officer, Tax & Accounting, recently had an article published on CMO.com about the ways Thomson Reuters is connecting multiple channels of marketing in order to interact with all potential customers.

In this ever-changing technological world, consumers are introduced to companies and products via multiple channels. No longer is it merely a chain of events that includes a person seeing an ad, calling a phone number and being connected with a salesperson to close the deal. Today that person might find out about a product or company in any number of ways – social networks, blogs and comparison review sites, for example – ways that preclude the company from even knowing that the potential customer is interested because there is no direct contact. (more…)

It’s no secret that the indirect tax and value-added tax landscape is complicated and ever-changing. To help corporations navigate these challenging waters, Thomson Reuters provides a trusted indirect tax software platform used by leading global companies.

Companies that have deployed indirect tax solutions from Thomson Reuters benefit from a proven technology infused with critical, timely tax content, which enables them to seamlessly comply with tax changes immediately.

To illustrate this point, we’ve gathered a selection of a few of the “quirky” sales and use tax highlights from 2012: (more…)

As the managing director for the Professional segment of Tax & Accounting, Jon Baron is responsible for the strategy and development of our CS Professional and Enterprise suite of products – an integrated suite of software applications that encompasses every aspect of a professional accounting firm’s operations, from collecting customer data, tax preparation, document workflow and posting finished tax returns to the overall management of the accounting practice. (more…)

We are extremely pleased to offer five Special Studies on the American Taxpayer Relief Act, the new tax law recently signed by President Obama:

• 2012 Taxpayer Relief Act Protects Key Individual Tax Breaks
• Business Tax Breaks Retroactively Reinstated and Extended by the 2012 Taxpayer Relief Act
• Individual Tax Breaks Retroactively Reinstated and Extended by the 2012 Taxpayer Relief Act
• Estate and Gift Tax Relief in the 2012 Taxpayer Relief Act
• Energy-Related Tax Provisions Extended by 2012 Taxpayer Relief Act

To receive a free copy of the above special studies visit this download page.

How do you create the best possible online experience for our customers?  You go right to the source and ask them what they want to see, find and experience.

That’s what the Tax & Accounting marketing team has been doing the last few months. While our online presence has historically been extremely fragmented, providing customers with inconsistent calls to action, copy-heavy product pages and navigational structure that provided an overall confusing user experience, we wanted to change all of that and create the best user experience possible.  To do that, our teams have been working non-stop for the past six months to collect and act on customer feedback. (more…)

We all know that change is hard. But with ONESOURCE, even Tax Accountants who’ve been asleep for over 25 years can turn into the rock stars of the company.

Follow the conversation at the ONESOURCE User Conference on twitter.

It isn’t a song from the 80s, but I realized that I’ve pretty much avoided my usual pop culture references lately, so I figured my opportunity to take part in our recent Onesource User Conference in London was a great opportunity to bring it back. I had been asked earlier this year by Tina Allen who is the public relations manager for Tax & Accounting if I could present a session on mobile technology as well as finish off the day on a panel focused on some of the implications of policy and technology on the tax professional of the future. It was also a great chance for me to get to spend some time as well at dinner with Brian Peccarelli, the president of our Tax & Accounting business.

I will be the first to admit that I am not an expert at all on tax and accounting issues. In fact, when the panel introduced themselves, they were all standout representatives of this part of the business, including our own Charlotte Rushton. As my fellow panelists introduced themselves and their backgrounds, this was the best I could come up with for myself: “I’m Bob Schukai, and I’m the Global Head of Mobile Technology at Thomson Reuters. And I pay tax!”  OK, I’ll admit I’m a little better than that, but I truly was impressed at the many people I met during the day both from within the company as well as partners and customers such as Deloitte and Shell. I do want to tell you about one of the coolest areas that I think we have in our Tax & Accounting group, and it came through an acquisition of a company called Manatron. (more…)

An October 3 Latin American tax panel discussed emerging transfer pricing developments at the International Fiscal Association’s 66th Congress in Boston.

Many countries have adopted the OECD guidelines that generally call for arm’s length pricing in related party transactions, although panelists noted that sometimes jurisdictions made their own deviations, including Mexico.

Practitioners from Mexico noted that maquiladoras have a fixed cost plus margin, and thin cap rules are applicable only to related party transactions, irrespective of whether or not there is compliance with the arm’s length standard.

Brazil does not subscribe to the OECD guidelines. Where there is a choice of methods, it was noted that the resale method was most commonly used because the documentation burden for other methods, including cost plus methods could require extensive documentation.  (more…)

Recently, International Tax Review recognized Thomson Reuters ONESOURCE platform as Americas Tax Innovator of the Year at its seventh annual Americas Awards ceremony in New York.

When asked why Thomson Reuters ONESOURCE was singled out for the award, Ralph Cunningham, managing editor of International Tax Review, said: “It is down to the impact ONESOURCE has made as the comprehensive tool in the market to help tax executives control the global tax process. It clearly scores through its ability to gather data on one platform, helping users to analyze quickly and accurately the state of play in a company tax function.”

International Tax Review is a leading news and analysis publication serving the international corporate tax community. The Americas Awards ceremony is one of two awards presentations that International Tax Review organizes annually.

For more information about the International Tax Review Americas Awards, check out their website or read the press release.

To learn more about our award winning ONESOURCE platform visit Thomson Reuters ONESOURCE. (more…)

A European carbon emission trading scheme has received adverse reactions from non-European governments around the world, including the U.S.

The U.S. Senate, September 22, unanimously passed the EU Emission Trading Scheme Prohibition Act to bar U.S. airlines from participating in the European Union’s carbon tax regime, said Mary Bennett, a partner at Baker & McKenzie at the International Fiscal Association’s 66th Congress in Boston on October 4.

The scheme imposes an additional burden on airlines flying into or out of Europe, including U.S. airlines, by requiring them to purchase permits to emit a specified amount of carbon dioxide. An airline that emits more than its permit allows is required to purchase additional credit; conversely, carriers that emit less than their permitted amounts can sell their remaining credits.

Thomson Reuters/RIA Observation:

A carbon tax imposed on U.S. airlines would only add to an already heavily taxed air service commodity. Airlines and their customers pay extraordinary amounts in special taxes and fees for items including homeland security, environmental protection, and airport and airway improvements. Internal Revenue Code Section 4261 imposes:

1. A passenger ticket tax.
2. A domestic passenger segment tax.
3. A tax on the transportation of domestic cargo and mail.
4. A per gallon tax on commercial aviation fuel.
5. A per gallon tax on general aviation gasoline.
6. A per gallon tax on domestic general aviation jet fuel.
7. A per passenger tax assessed on all international departures and arrivals.
8. A tax on mileage awards.
9. A per passenger tax assessed on all flights between the continental U.S. and Alaska or Hawaii (and between Alaska and Hawaii).

Additionally, U.S. airports may collect up to $4.50 from each boarding passenger through a passenger facility charge.

Viewed in this manner, U.S. airlines and their passengers do not need the imposition of yet another tax, especially when considering that other forms of transportation, including trains and buses, are not subject to the same level of taxation.