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Thomson Intros Indirect Tax Product

 Thomson Reuters has introduced Indirect Tax Determination Anywhere. The company this week said the platform sits on top of private and public cloud or on-premise applications to provide tax calculations.

The company said the application, gives tax professionals “the power of a tax determination engine at any point of transaction, within any channel.”

Determination was launched in conjunction with the Thomson Reuters Institute’s new2021 Tax Technology Report, Indirect Taxes – Much More than Just a Process, The inaugural product “shows how the growth and complexity of indirect taxes continues to impact compliance and operational efficiency across the global business landscape.”

The company said “Determination Anywhere's proprietary cloud-based technology ensures that tax rates and jurisdictional regulations are current and accurate, enabling reliable tax compliance, a frictionless customer experience and increased revenues for businesses. “

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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