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.

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.