All material subject to strictly enforced copyright laws. © 2022 ITR is part of the Euromoney Institutional Investor PLC group.

Fritz McCormick joins Sovos

James McCormick

Sovos has appointed Fritz McCormick as general manager to lead the enterprise sales tax business for Sovos North America.

The new role was created in response to increased audit scrutiny and frequency, along with a shift toward cloud ERP solutions, which has sparked a new wave of demand for modern tax compliance and reporting software solutions.

Along with his role as general manager, McCormick will also join the Sovos executive leadership team.

McCormick joins the firm from Interactive Data (now ICE Data Services) where he led the market introduction of new products focused on the asset management industry, including Avox, a unique data platform, and a variety of fixed income indices as senior director of product development. Earlier in his career, he has also held senior positions with Aite Group and Omgeo.

more across site & bottom lb ros

More from across our site

Multinational companies fear the scrutiny of aggressive tax audits may be overstepping the mark on transfer pricing methodology.
Standardisation and outsourcing are two possible solutions amid increasing regulations and scrutiny on transfer pricing, say sources.
Inaugural awards announces winners
The UN’s decision to seek a leadership role in global tax policy could be a crucial turning point but won’t be the end of the OECD, say tax experts.
The UN may be set to assume a global role in tax policy that would rival the OECD, while automakers lobby the US to change its tax rules on Chinese materials.
Companies including Valentino and EveryMatrix say the early adoption of EU public CbCR rules could boost transparency of local and foreign MNEs, despite the short notice.
ITR invites tax firms, in-house teams, and tax professionals to make submissions for the 2023 ITR Tax Awards in Asia-Pacific, Europe Middle East & Africa, and the Americas.
Tax authorities and customs are failing multinationals by creating uncertainty with contradictory assessment and guidance, say in-house tax directors.
The CJEU said the General Court erred in law when it ruled that both companies benefitted from Italian state aid.
An OECD report reveals multinationals have continued to shift profits to low-tax jurisdictions, reinforcing the case for strong multilateral action in response.