SOURCE: Thomson Reuters

Thomson Reuters

February 16, 2010 09:30 ET

Thomson Reuters Announces New Services to Help Global Businesses Navigate Transaction Tax

Governments Worldwide Continue to Rely on Transaction Taxes to Address Budget Deficits

SAN RAMON, CA--(Marketwire - February 16, 2010) - The Tax & Accounting business of Thomson Reuters announced today availability of two new online services -- Taxcast International and Ask the Expert Webinar -- to help businesses stay abreast of the latest sales and use tax and value added tax (VAT) changes.

"Global companies must manage complex and ever changing US sales and use tax laws as well as international laws to stay in compliance. For many, this is not only a daunting, labor intensive required task, but also an area that requires immense expertise due to the dynamic nature of transaction tax law," said Carla Yranjson, Senior Director, Sabrix Tax Services, part of the Tax & Accounting business of Thomson Reuters. "Taxcast and the Ask the Expert Webinar are just a few of the many value added services we offer in our Transaction Tax Resource Center to help companies of all sizes understand how tax laws affect their business and help them navigate transaction tax complexity."

Especially in the current challenging economic environment, business of all sizes find it increasingly difficult to keep current with shifting tax laws and effectively achieve compliance with confidence. Drawing on the research and analysis of Sabrix Tax Services' division of tax experts, including attorneys, CPAs, accountants and former tax auditors, as well as partners, the company's new online services provide businesses with access to industry leading SAS 70 certified best practices in tax compliance.

Taxcast International is an online, interactive tool that complements the existing US-based Taxcast and is comprised of:

-- A user-friendly, graphical map interface to help companies easily
   understand country by country transaction tax compliance issues

-- Concise summaries of recent tax rate changes, product taxability, tax
   jurisdiction and authority updates

-- Expert analysis highlighting unique tax laws and trends that create
   compliance risk and exposure for businesses if not properly addressed

The Ask the Expert Webinar provides a forum where companies can dynamically interact with tax experts and peers and features:

-- An online webinar for finance executives to discuss sales and use tax
   compliance issues including current events, tax rate changes, best
   practices and legal summaries affecting the sales and use tax and VAT
   landscape.

-- Ability to submit specific sales and use tax and VAT questions related
   to a specific business, which will be answered by Sabrix Tax Services
   experts during the webinar.

Sabrix Taxcast and Ask the Expert Webinar along with the other tools available on the Sabrix Tax Resource center arm businesses with the timely information needed to achieve higher degrees of compliance, while reducing compliance costs. Other free resources include tax tables, whitepapers, webinars and a tax blog written by members of the Sabrix Tax Research team.

Pricing and Availability

Both Taxcast International and Ask the Expert are available free of charge and are available now through the Sabrix Resource Center. To access Taxcast, go to: www.sabrix.com/resource-center/taxcast. To access Ask the Expert or to pose a specific question go to: www.sabrix.com/asktheexpert.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.

The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Headquartered in New York, Tax & Accounting has major operations in Dallas, Ann Arbor (Michigan), London, Sydney, and Toronto, and offices in nine countries. For more information, go to http://thomsonreuters.com/products_services/taxacct/.

Sabrix and Sabrix Managed Tax Service are trademarks of Thomson Reuters. All other company and product names are trademarks or registered trademarks of their respective holders.

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