KPMG LLP, a global audit, tax, and advisory firm with a Detroit office, has made an agreement with Ford Motor Co. in Dearborn to provide direct and indirect tax compliance services for some of the company’s operations across Europe, Asia, and Latin America.
“At KPMG, under our Tax Reimagined framework, our teams use our proprietary data management, modeling, and analytic tools every day to help clients around the world reduce costs, improve quality, manage risk, and make better strategic decisions,” says Jeffrey C. LeSage, Americas vice chairman-tax at KPMG. “We are excited that an iconic and innovative industry leader such as Ford is now counted among the companies we are working with at the intersection of science, data, and tax to move its organization forward.”
Under the agreement, KPMG’s global compliance team will design and implement a sourcing solution to meet Ford’s quality and cost objectives that integrates the power of professionals at KPMG Ignition, who will continue to work with Ford to develop its global tax data warehouse. The agreement also allows Ford to leverage KPMG’s technology.
“Access to KPMG’s technology and predictive tools will aid our strategic initiatives,” says Ron Lang, chief tax officer for Ford. “Now more than ever, we need to be able to forecast and respond quickly to opportunities and challenges within the tax landscape.”
KPMG International’s independent member firms have 207,000 professionals working in 153 countries and territories.