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May 08, 2014

Thomson Reuters ONESOURCE Announces New Industry Reports for Transfer Pricing Documentation

Data helps taxpayers and tax authorities manage aggressive global transfer pricing landscape

NEW YORK - Thomson Reuters announced today that it has formed a strategic relationship with Avention to give users of its ONESOURCE Transfer Pricing software access to Avention’s industry report module.

ONESOURCE Transfer Pricing recognizes the need for comprehensive documentation in the wake of increased regulations worldwide. To ease the burden of this process, ONESOURCE provides a full suite of public and private data, intangible information, worldwide research and other offerings to give transfer pricing professionals all the information they need in a single destination. The latest evolution adds the new industry report module by Avention, available through ONESOURCE Transfer Pricing. The industry report module helps users better understand their industry dynamics and gain insight into an organization’s competitive landscape.

“Access to industry reports comes at an important time for our customers, especially in light of the OECD’s latest BEPS action points and master file/country-by-country reporting environment,” said Brian Tully, vice president and head of ONESOURCE Transfer Pricing. “This addition to ONESOURCE Transfer Pricing will help both taxpayers and tax authorities around the globe to set, defend and scrutinize transfer pricing structures in the current aggressive transfer pricing landscape.”

Access to the industry report module provides users with vital information through single sign-on functionality. Customers receive a direct link to the information they need once they log into ONESOURCE Transfer Pricing, eliminating the need for external searching. Users can utilize this module to elevate transfer pricing documentation and defend transfer pricing positions with tax authorities and financial auditors, enhancing overall accuracy and efficiency and assisting with the required insight and analysis needed to comply with increasing global regulations.

For more information about the industry report modules, with over 24 million companies across 100 industries, visit https://tax.thomsonreuters.com/products/brands/onesource/onesource-transfer-pricing/industry-reports.


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 and risk, legal, tax and accounting, intellectual property 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 approximately 60,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.


Avention

Avention, Inc., formerly OneSource, provides real-time, actionable B2B data from the world’s most comprehensive database to deliver 21st century business information solutions. Avention℠ empowers sales, marketing and research professionals with the best global B2B data available and leverages that data with its cutting-edge software. Through four key capabilities – Conceptual Search, Business Signals, Ideal Profiles and SmartLists – users find leads, market segments and the business insights that can’t be found anywhere else. Headquartered in Concord, Mass. with offices across North America, Europe and APAC, Avention has more than 4,000 customers worldwide. Visit www.avention.com and follow us on Twitter @AventionInc.