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Thomson Readies Global Tax Workstation

thomson reuters logoThomson Reuters is expanding its Tax & Accounting business internationally with the planned launch of what it calls the OneSource Global Tax Workstation, following a reorganization that reflects its intention to tax what has been largely an American operation into other countries.

The plans for the workstation have been mentioned in the company's financial results for 2009. However, other than saying the application would debut this year, Thomson said little, other than the new OneSource offering combines functions from Sabrix and Abacus, which it acquired last year. Abacus provides corporate income tax products to customers in New Zealand, the United Kingdom, the Netherlands, Ireland and Hong Kong, and VAT software for 19 countries in Europe and the Asia-Pacific region. Sabrix provides transaction tax software and services.

In February, the company implemented a reorganization of Tax & Accounting that elevated Jon Baron, who has run the operations in Dexter, Mich., that produced the CS Professional Suite, to the position of president, Americas, Workflow & Service Solutions. That reflected the redistribution of resources that had been divided along the lines of software and resources into two new units.

Falling under Baron are the CS Professional products, such as UltraTax CS and FileCabinet CS, the Enterprise Suite products including GoFileRoom and GoSystem, the MyPay Solutions payroll service bureau operations, corporate income tax and OneSource Information Reporting, which offers 1099 services. Most of the operations had previously fallen under the Corporate and Professional Software & Services organization.

The other unit, formerly known as Research & Guidance has been renamed Business Compliance & Knowledge Solutions and has responsibility for the Checkpoint research platform and related products such as the PPC line.

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