2013-02-26 15:39:31 -

Cloud version of software manages sales and use tax and VAT with same trusted
platform that powers over $1.7 trillion in transaction taxes for companies
worldwide

New York, February 26, 2013 - Thomson Reuters introduces today ONESOURCE
Indirect Tax in the cloud, an end-to-end solution that manages the entire
indirect tax lifecycle.

Available to companies of all sizes regardless of business operation complexity,
ONESOURCE Indirect Tax in the cloud leverages Thomson Reuters' proven and
patented global on-premise software that is trusted by many Global 2000
companies. ONESOURCE Indirect Tax in the cloud is designed to lower the total
cost of ownership and enable rapid scaling capabilities of cloud-based
computing.

"We developed ONESOURCE Indirect Tax in the cloud so that our customers can
select the deployment method that works best for their business," said   Gary
Allen, vice president of technology for the Tax & Accounting business of Thomson
Reuters. "Whether our clients select our cloud solution or our on-premise one,
they will be using the industry's only indirect tax solution with a patented tax
determination engine that is relied upon by leading companies in the U.S. and
globally to achieve compliance with confidence."

To ensure the utmost security, the solution is hosted at Thomson Reuters' state-
of-the-art, highly secure, certified hosting center and undergoes:
  * An annual SSAE 16 audit performed by an AICPA-accredited firm.
  * An annual application security assessment performed by a leading third-party
    security firm.
  * Weekly vulnerability infrastructure scans.
  * Static and dynamic code analysis that is incorporated into the software
    development lifecycle to mitigate the risks of application layer
    vulnerabilities.

ONESOURCE Indirect Tax in the cloud delivers a consolidated approach to
achieving higher degrees of indirect tax compliance, which results in greater
accuracy and more control over tax policies across the globe, and improves cash
flow by reducing or eliminating penalties, interest and overpayments. ONESOURCE
Indirect Tax in the cloud is an end-to-end solution that manages the entire
indirect tax lifecycle, including:
  * Tax determination and calculation.
  * Tax research and content.
  * Tax policy configuration and tax results analysis reporting.
  * Real-time integrations to business applications.
  * Compliance activities to meet returns filing, remittance and audit
    requirements.
  * Compliance solution to reduce the time and effort required to complete the
    monthly returns' process. The sales and use tax compliance software gives
    preparers expanded access and flexibility, ease of use, greater accuracy,
    improved efficiency and reduced risk.
  * Exemption certificate management.
Availability

ONESOURCE Indirect Tax in the cloud is available now. For more information on
ONESOURCE Indirect Tax, visit:  onesourceindirecttax.com.

                                     -End-



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 and risk, legal, tax and accounting, intellectual property, 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. Thomson Reuters shares are listed on the Toronto and New York Stock
Exchanges (symbol: TRI). For more information, go to  thomsonreuters.com



CONTACT

  Aimee Quemuel
  415-753-9005
  aimee@codeycommunications.com





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Source: Thomson Reuters Corporation  via Thomson Reuters ONE
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