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.