In response to the growing number of transfer pricing rules and reporting requirements established by tax authorities around the world, Thomson Reuters launched a new Worldwide Private Company Database from ONESOURCE Transfer Pricing.

This new database, designed specifically for transfer pricing professionals, provides the transparent, detailed data global firms need to defend themselves in today's complex tax environment. It provides private company information compiled from a global network of local data providers, and delivers country-specific financial data and standardized financial line-items for complete transparency on how the data should be applied.

As a result, the database fills comparables gaps in regions where public data is limited, and allows users to drill into the original data source for clarity and transparency. Such data is a key component of reducing risk and avoiding an extended audit.