Thomson Reuters has formed a strategic relationship with Avention to give users of its ONESOURCE Transfer Pricing software access to Avention’s industry report module.

As regulators worldwide are increasingly cracking down on transfer pricing abuses, Thomson Reuters if offering greater access to public and private data, details on intangibles, global research and other information for transfer pricing professionals. The latest evolution of ONESOURCE adds the new industry report module by Avention via ONESOURCE Transfer Pricing. The industry report module helps users gain more insight into an organization’s competitive standing, as the Organization of Economic Cooperation and Development works on an action plan to deal with base erosion and profit shifting, or BEPS, caused by multinational corporations using transfer pricing and other tax strategies.

“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, in a statement. “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 information through a single sign-on feature. Customers receive a direct link to the information they need once they log into ONESOURCE Transfer Pricing. The module helps users locate transfer pricing documentation and defend their transfer pricing positions with tax authorities and financial auditors to comply with the increasing levels of global regulations. 

For more information, click here.