KPMG Acquires U.S. Indirect Tax Managed Services Business From Thomson Reuters; Terms Not Disclosed

KPMG LLP today announced its acquisition of the U.S. assets of Thomson Reuters Corporation's

ONESOURCE® Indirect Tax Managed Services business. The service will become part of KPMG's Indirect Tax Compliance Services, which is part of the U.S. firm's existing State and Local Taxpractice and KPMG's Global Indirect Tax Service offering provided by KPMG member firms throughout the world. KPMG will maintain an ongoing relationship with Thomson Reuters through the continued use of Thomson Reuters' underlying technology to power these U.S.-based services. Terms of the acquisition were not disclosed.