CCH UK Partners with Comtax for International Tax Professionals and Cross-Border Transactions

July 30, 2012 - PRLog -- Under the agreement, CCH (www.cch.co.uk) will offer the benefits of the Comtax System to international tax professionals across the UK and Ireland to help them reduce costs, minimise risk and increase the net results of cross-border transactions.

With the Comtax System, professionals can manage the costs of internal cross-border transactions, identify and manage corporate tax risks in cross-border transactions, and understand the tax implications of cross-border payments of dividends, interest, royalty, fees and capital gains on shares.

Based on a particular tax situation, Comtax extracts relevant information and tax regulations from its database. It then mathematically analyses the available options, as well as ranks them in order of tax efficiency in a matter of seconds. Comtax allows professionals to calculate cross-border transactions with all tax costs taken into account to and from 129 countries/jurisdictions worldwide, supported by an extensive reference database.

The comprehensive database is updated monthly, with 129 major countries worldwide covering corporate tax rates, withholding tax rates, tax legislation, future tax rates and tax news.

Sally Wilson, Head of Product Management at CCH Information, says: “Our partnership with Comtax strengthens CCH’s commitment to offer tax professionals the best information, software and services available. By adding Comtax to our portfolio of international tax products, multinational corporations and their advisers will be better placed to reduce global tax bills and maximise profitability.”

Bernt Persson, Comtax Managing Director, says: “By combining Comtax with other products from CCH we can considerably increase effectiveness and value for the international tax professional. This is a great partnership with Wolters Kluwer and we look forward to bringing a very powerful and effective tool to serve UK and Ireland accountants, law firms and businesses.”

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About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business (www.cch.co.uk), is the leading global provider of tax, accountancy and audit information, software and services. It has served tax, accountancy and business professionals since 1913. In the UK CCH provides online information and books, software, professional development and fee protection. Wolters Kluwer is a market-leading global information services company with annual revenues (2011) of €3.4 billion and maintains operations in over 40 countries across Europe, North America, Asia Pacific and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

You can follow CCH and Wolters Kluwer in the UK on Twitter: @cchvoice, @wolterskluweruk

About Comtax
Comtax® ( www.comtaxit.com) is the only company worldwide to offer a tax planning software suite specially tailored for international tax professionals. The Comtax System is continuously being refined and has been used on a daily basis since 1985 by multinational corporations, banks, tax consultants and lawyers all over the world – providing them with the tools for minimising tax on cross-border repatriations and capital gains on shares.