Frances Ball 26 Jun 2019 11:10am

EY reveals global tax tie-up with Nokia

EY has announced a new agreement with Nokia, which will deliver tax, finance, data and technology managed services in 127 countries

Nokia, the Finnish multinational tech company, is increasingly focusing on the digital tax filing systems that many countries now require.

It will now have access to the EY Global Tax Platform, as well as the firm’s standard methodologies and global delivery centres.

EY’s global tax platform is powered by Microsoft, and gathers and consolidates data. It allows for advanced analytics and automations in Microsoft Azure.

Andy Baldwin, EY EMEIA area managing partner and EY global managing partner, client service-elect, said, “The agreement with Nokia is a prime example of how companies are working with EY to reimagine their tax and finance function in the face of digital disruption and a constantly changing legislative and regulatory environment.

A team of tax and finance professionals from Nokia will now join EY around the world.

Kristian Pullola, Nokia CFO, said, “Our industry, like many others, is rapidly transforming. As global tax and compliance obligations become increasingly complex, we welcome the opportunity to collaborate with EY.”

EY recently announced it is set to invest $1bn (£784.4m) in new technology solutions and innovation over the next two financial years.