Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Products July 10, 2002
E&Y, Transcentive Launch Global Stock Option Tax Solution
October 19, 2001(PLANSPONSOR.com) -Ernst & Young
and software provider Transcentive, have teamed up to develop
an international tax processing solution - the first step
towards the creation of a global solution to manage employee
stock option programs.
Reported by Camilla Klein
As part of the agreement, Transcentive and Ernst & Young will deliver a series of global tax calculation modules for more than 30 countries for Transcentive Options (TO). TO is a multinational, Web-based equity compensation management solution being developed by Transcentive for release next year.
The software solution will assist with compliance, and
streamline the efforts required to manage the
administration and reporting for large global stock plans.
The alliance tackles the complex issues of global taxations
in an environment where stock options have increasingly
become a component of long-term incentive compensation for
companies based outside the US.