Thomson Reuters Tax Talk

Screen Shot 2015-06-17 at 8.50.32 AM

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…)

Inspiring and celebrating women in technology

Screen Shot 2015-06-16 at 10.45.12 AM

Take a seat to take a stand! This was the call to action as part of the National Sit With Me campaign to support and promote the career development of women in technology at our recent TechVision seminar in New York City.

In partnership with TechVision, Women@Thomson Reuters and the National Center for Women & Information Technology (NCWIT), James Powell, Chief Technology Officer, hosted a panel of distinguished technology leaders. All shared insights about their career path and how to attract and develop women in technology leadership roles.

The event and our sponsorship of the NCWIT reinforces Thomson Reuters commitment to diversity and the development of future leaders.

“Getting girls involved early on in technology will feed the pipeline,” said panelist Avis Yates-Rivers, President & CEO of Technology Concepts Group International, LLC.

Reports show that while 57% of professional occupations in the 2014 U.S. workforce are held by women, only 26% of professional computing roles are held by women. The panelists agreed that there is still work to do to increase the ranks of women in information technology roles. (more…)

Time for pride

984150_10152617985159203_1200961398177915145_n

Celebrating our differences, and focusing on diversity and inclusion — of ideas and people — is deeply ingrained into who we are as a company and how we do business. To us, diversity and inclusion means fostering a culture where innovation can thrive, regardless of nationality, disability, ethnicity, gender identity and expression, sexual orientation, age or other differences. It’s something we think about constantly, integrating it throughout our organization, all over the world.

This time of year has a special feeling of celebration of the power and significance of embracing diversity. Near the end of May, 7,000 of our employees across the globe took part in a special two-day event called “The Power of Us.” Those employees took part in 50 events, in 30 countries, via 15 webinars, all aimed at taking a moment to think about how our differences make us stronger. We also launched our new Corporate Responsibility & Inclusion video, “How do you see the world?”.

And now, looking ahead in June, we’re excited to take our annual involvement in the Pride in London festival to the next level. Building on the success of the last two years, we’re excited to be back at Pride 2015 once again as a major sponsor, with participation from our employees across the enterprise. We are also excited to be providing Convene as the official mobile app for Pride in London, which will help everyone navigate the festival and its surrounding events. (more…)

Journalist spotlight: Padraic Halpin on covering Ireland’s gay marriage vote

In late May, Irish voters backed same-sex marriage by a landslide in a referendum that marked a dramatic social shift in a traditionally Catholic country that only decriminalized homosexuality two decades ago. After one of the largest turnouts in a referendum there, 62 percent of voters said ‘Yes’, making Ireland the first country to adopt same-sex marriage via a popular vote. Reuters was covering the historic vote every step of the way, offering multimedia reportingahead of the vote, live video of voting day and coverage of thereactions from locals in Dublin. In a Reuters Best: Journalist Spotlight Q&A, Ireland correspondent Padraic Halpin – who appeared on PBS Newshour, The Rachel Maddow Show and other programs to discuss the vote – offers a behind-the-scenes look at covering the story.

Q. What was the process of covering this story? What were our big wins?

A. Knowing Ireland would become the first country in the world to adopt same-sex marriage by popular vote if the referendum carried, it was important to approach the story in a number of different ways. We filed a series of stories looking at the two-decade old quiet revolution for gay rights, telling readers how the once hugely powerful Catholic Church was taking a backseat in the campaign and explaining why U.S technology giants including Google and Twitter were urging their workers to vote ‘Yes’. It set us up comprehensively when the eyes of the world were on Ireland as voters signaled ‘social revolution’ by legalizing gay marriage.

In the week leading up to the referendum, Reuters was first to write about the wave of young people set to return home to vote. Our interview with one emigrant who had forked out A$1,600 to fly home from Sydney was picked up by local media and made the front page of the Irish Sun on the day of the vote, when stories of young people making trips from Britain and New York dominated social media. What became known as the #hometovote movement demonstrated how the referendum energised young voters. Having flagged throughout the day of the vote that the high turnout would likely favour the ‘Yes’ side, we spoke to a prominent ‘No’ campaigner shortly after polls closed who confirmed as much. The following morning, we quickly cornered Ireland’s equality minister for an interview to elaborate on a tweet predicting victory just minutes after counting began.

Q. What types of reporting/sourcing were involved? (more…)

A decade of disorder: Millions on the move

CGmCr8nVIAA_8PC

Last week, Reuters Editor at Large Sir Harold (Harry) Evans moderated a Reuters Newsmaker conversation with David Miliband, president and CEO of the International Rescue Committee, about the responsibility wealthy countries have to support the millions of people fleeing conflict and disaster.

An audience that included our CEO Jim Smith and other employees, representatives from a number of humanitarian organizations and external media gathered at our Times Square office to get some historical context behind the current headlines on refugees from Africa, Asia, Central America and the Middle East – and Miliband’s thoughts on what can and should be done to help.

After an introduction by our Chief People Officer, Peter Warwick, Sir Harry asked Miliband about the scale of the current problem.

“As measured by the number of wars between states, this is a very peaceful period of human history.  But at the same time it’s a period when more people are fleeing conflict and disaster than at any time since 1945.” (more…)

Greenhouse gas emissions – Graphic of the day

Europe’s top oil and gas companies recently urged governments around the world to introduce a pricing system for carbon emissions. Setting a price for each ton of carbon that is produced is meant to encourage companies to adopt cleaner technologies and shift away from using fossil fuels, primarily coal. Today’s graphic ranks the world’s top greenhouse gas producing energy companies. Make sure to download our latest Global 500 Greenhouse Gas Report, which explores greenhouse gas (GHG) emissions data for 32 leading global energy companies that provide vital energy services to the global economy.

GHG

Would you like infographics like this on your website, blog or other social media? Contact us and visit our Reuters Agency blog for insights and discussions on the changing media industry.

Disruptive FinTech: Rocking the boat on stormy seas

There are certain FinTech trends like regulation, technology, disruption, demographics and insight that are driving opportunities in the capital markets vertical. However, there are challenges as well – it is a global and complex industry while also being heavily regulated. One way FinTech firms are dealing with the challenges is by partnering with large institutions to obtain established distribution platforms. Our market leading open platform and market data platform provide a great opportunity for FinTech partnership. A managed services approach to the delivery of the Thomson Reuters platform also ensures that the partnership obtains cost efficiency and differentiation in a competitive industry.

How law firms are helping tomorrow’s businesses in emerging economies

AAEAAQAAAAAAAALsAAAAJDgyZjE4MWQyLTNmY2QtNGIwMS1hZDIwLTQ0YzBmZWYzYWE0ZA

Tomorrow’s entrepreneurs are finding leaner, more cost-effective platforms to raise their essential finance, and a fascinating report issued this week shows law firms around the world are offering their skills voluntarily to helping social enterprises develop sustainable and successful businesses.

Economic development and microfinance projects are supported by some 40 percent of law firms which contributed to the second TrustLaw Index of ProBono. TrustLaw is the Thomson Reuters Foundation’s global pro bono legal program, and its index charts the amount of work law firms across the world are providing on a free, voluntary basis to charities, non-profits, social enterprises and individuals.

The report analyzed data provided by 141 firms from 77 different countries, representing over 49,000 lawyers. It found that over the last 12 months, these lawyers donated 2.08 million hours of free legal support, on average investing about one week (43 hours) of their time assisting clients on a pro bono basis.

According to the report, the unprecedented rates of economic development across Asia and the Pacific have attracted international law firms to these rapidly emerging economies, bringing with them the culture of pro bono activity. (more…)

Success of Super PAC spending – Graphic of the day

Nascent rumblings – along with evidence that the super-rich are inefficient political spenders – has raised questions about how effective billionaires will be in the 2016 elections. Today’s graphic looks at how successful (or not) spending by billionaire-backed Super PACs have been at getting their candidates elected or their opponents defeated.

billionaires

Would you like infographics like this on your website, blog or other social media? Contact us and visit our Reuters Agency blog for insights and discussions on the changing media industry.

Innovation in our hands

Screen Shot 2015-06-15 at 3.42.49 PM

The future of innovation is in our hands.

Up there with leadership and strategy, innovation is one of the most over-used words in business today, throughout the world. I challenge any CEO to define what they mean by innovation. Many don’t seem to understand it. Innovation is too valuable to be misunderstood. It’s time to change that. (more…)