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. “