CCH Introduces Comtax System to Help International Tax Professionals with Cross-border Transactions

RIVERWOODS, ILL., May 9, 2011– Calculating cross-border transactions
to determine everything from international tax strategies to where it makes
sense to do business is now easier with Comtax System software, available in
the United States through CCH’s partnership with Comtax.
The partnership expands CCH’s portfolio of comprehensive international
tax products and software tools that help companies ensure compliance, simplify
workflow and maximize profitability. CCH, a Wolters Kluwer business is the leading
global provider of tax, accounting and audit information, software and services
(CCHGroup.com).

“While this type of work is typically time consuming and prone to risk,
Comtax System software enables businesses to efficiently reduce tax costs, minimize
risk and increase the net results of cross-border transactions,” said
Thomas Stitt, CCH Director of Corporate Market Strategy. “With Comtax
System, established multinational businesses, those exploring international
opportunities and tax consultants can plug in a wide range of financial variables
to determine best practice models for moving forward.”

The Comtax System helps international tax professionals optimize net profit
for dividend, interest, royalty as well as fee and capital gains cross-border
transactions. It covers jurisdictional regulations in up to 129 countries and
offers separate optional add-on modules for both Thin Capitalization and Capital
Gains. The tool can also base calculations on up to eight intermediary countries
(10 including source and recipient countries) and can build templates of optimal
company structure and organizational charts.