GE Outsources Tax Department to PwC

Big Four firm finds new growth in acquiring clients’ tax and accounting departments.

By CPA Trendlines Research

GE is hiving off its tax group to PwC to become PwC’s new Global Enterprise Tax Solutions Team. Their first client: GE.

PwC calls the move “an innovative agreement with GE to provide integrated, enterprise managed tax services to GE on a global basis.” As part of the deal, PwC is hiring more than 600 of GE’s tax team members from around the world and acquiring GE’s tax technologies to bolster both PwC’s focus on the “Tax Function of The Future” and to provide global enterprise tax solutions to clients. It may be a sign of things to come.