Thomson Reuters Strengthens ONESOURCE Transfer Pricing with Access to ktMINE

Tax & Accounting provides multinational corporations with end-to-end transfer pricing solution

NEW YORK, July 13, 2011- Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced a strategic new relationship with ktMINE - an intangible property data and information services firm. Access to ktMINE through ONESOURCE Transfer Pricing will further equip multinational corporations (MNCs) for the challenges created by detailed transfer pricing regulations, strict documentation requirements and the significant penalties for noncompliance.

Seamless access to the extensive ktMINE Royalty Rate Finder database of c10,000 intellectual property licensing agreements and c35,000 global royalty rates, enhances the award winning ONESOURCE Transfer Pricing solution.

Transfer pricing continues to be one of the most important international tax issues for multinational corporations. ONESOURCE Transfer Pricing provides a solution that empowers tax professionals to take control of their transfer pricing documentation in-house and without hiring external consultants. The software enables the analysis of intercompany transactions in accordance with internal transfer pricing policies and in its economic analysis, it performs industry standard adjustments as well as providing the most technically accurate and defensible analyses of transfer prices.

The distribution agreement with ktMINE is consistent with Thomson Reuters unique strategy to provide MNCs with a complete end-to-end transfer pricing solution. Seamless access from ONESOURCE Transfer Pricing to ktMINE Royalty Rate Finder provides MNCs with analysed and organized intangible property intelligence which simplifies the process of finding defensible market comparables.

"Our aim is to make ONESOURCE Transfer Pricing the most comprehensive solution available so that our customers can undertake more complex transfer pricing activities and leverage greater control in compliance and risk management. This new agreement with ktMINE will increase productivity by providing fast and immediate access to the data that is relevant," said Joe Harpaz, senior vice president and general manager of the Corporate Market for the Tax & Accounting business of Thomson Reuters.

"ktMINE is delighted to partner with Thomson Reuters and support diligent IP transfer pricing analysis," concluded David R. Jarczyk, president, ktMINE.

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Contacts

Ruth Ann Baker
Public Relations Manager
1 972 250 7438
Ruth.ann.baker@thomsonreuters.com

Tina Allen
Public Relations Manager, Tax & Accounting EMEA
+44 (0) 20 7375 6814
tina.allen@thomsonreuters.com