AIG, EY announce strategic tax compliance, technology agreement
American International Group and Ernst & Young announced a new, innovative global tax compliance and technology operating agreement that involves a combination of managed tax services and the transfer of select AIG employees to EY. In this arrangement, members of AIG's global tax compliance and tax technology teams integrated into EY's tax technology and direct and indirect tax compliance practices at the U.S. federal, state, local and global levels - allowing AIG to leverage EY's managed tax services and technology backbone, while focusing the company's internal tax team on more strategic initiatives. The collaborative managed services agreement allows both organizations to more effectively and efficiently navigate changes in the tax landscape. Employees of AIG's global tax compliance and tax technology teams transitioned to EY effective March 31. The five year agreement was effective as of February 5.