Tax & Accounting Blog

Thomson Reuters Granted Patent for Universal Tax Determination Engine

Indirect Tax, ONESOURCE, Sales and Use Tax June 17, 2011

The Tax & Accounting business of Thomson Reuters today announced it has been granted a U.S. Patent for its Universal Tax Determination Engine (UTDE).  The patent for invention number 7,933,803, part of the ONESOURCE Indirect Tax solution, provides centralized control of tax policy and data driven tax determination for sales, use, and value added tax (VAT). <<Read More>>