Tax

• International Tax Expert
• PPC’s Guide to Tax Planning Strategies
• BNA Daily Tax RealTime®

Accounting & Auditing

• Accounting & Compliance Alert

Hidden Gems

• Compass Icon in Pending & Enacted Legislation
• New Caution Flags
• New Links from Code, ERISA and SEC
• Addition of Bill or Public Law Number

Overview
Thomson Tax & Accounting continues to invest into the technology of Checkpoint and broaden the scope of content available in several practice areas. There is no other research platform on the market that offers the depth and breath of content, coupled with rich functionality, and the level of content integration that Checkpoint offers.

The Summer 2007 release of Checkpoint offers some exciting new content, linking, and improvements in functionality, featuring new international content and functionality with International Tax Expert (ITE); an exciting new News service, Accounting & Compliance Alert: Public Company Financial Management Update; and a new Guide from PPC, PPC’s Guide to Tax Planning Strategies.

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International Tax Expert
International Tax Expert (ITE) is a full-feature software tool on Checkpoint with features that include advanced tax rate look up tables, optimization of withholding taxes and cross border tax calculator. ITE provides users with complete tax information by showing the overall tax impact of the transaction on both the payer and the receiver. With ITE you can:

• Display all domestic and treaty tax rates for 75+ countries for calculating the total tax costs in a given cross-border transaction, including withholding tax rates, effective tax rates, tax credit methods, and matching credit rates
• Access key tax facts with optional links to IBFD’s Regional databases including Europe, Asia-Pacific and Latin America (additional IBFD regionals to be launched on Checkpoint in September 2007) as well as IBFD’s Worldwide Tax Treaties database
• Find transactions that will reduce withholding taxes. ITE will consider all possible transaction combinations (which could run into the millions) and display the top 20 lowest withholding tax routes
• Quickly calculate tax costs and benefits of a cross border transaction
• Instantly create tax rate memos with supporting documents such as treaty articles and calculations details

Countries covered:
Argentina, Australia, Austria, Bahamas, Barbados, Belgium, Bermuda, Brazil, British Virgin Islands, Bulgaria, Canada, Cayman Islands, Chile, China (People's Rep.), Colombia, Costa Rica, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Gibraltar, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Japan, Jersey, Korea (Rep.), Liechtenstein, Luxembourg, Malaysia, Malta, Mauritius, Mexico, Netherlands, Netherlands Antilles, New Zealand, Nigeria, Norway, Panama, Peru, Philippines, Poland, Portugal, Puerto Rico, Romania, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Arab Republic, United Kingdom, United States, Venezuela, and Zimbabwe.

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Accounting & Compliance Alert: Public Company Financial Management Update
The Accounting & Compliance Alert is a NEW daily online news service from RIA that fully informs accounting, auditing and corporate finance professionals of critical developments in their industry. Accounting & Compliance Alert includes five different news components:

1. Public Company Financial Management
2. Public Company Accounting & Auditing
3. Private Company Financial Management
4. Private Company Accounting & Auditing
5. Corporate Governance

Available now is the first component, Public Company Financial Management Update, offering full daily coverage of critical standard-setters including SEC, NYSE, NASD, FASB, AICPA, and IRS. This news service provides:

• coverage of important company filings and disclosures
• interviews with and opinion pieces key corporate executives
• coverage and analysis of financial management trends and techniques
• feature articles providing expert guidance on effect and application of new standards, rules, and regulations

The Public Company Financial Management Update is targeted at financial professionals in public corporations. It is written by experienced reporters in Washington, D.C. and New York who cover relevant standard-setting agencies and organizations (such as the SEC, PCAOB and FASB), legislative and industry developments, and other relevant news. In addition, the service will provide longer articles containing insights, analysis and opinions from industry leaders and experts on recent developments and emerging trends. The service provides accurate, reliable, efficient, solid, actionable information on financial management, accounting, auditing, SEC compliance and corporate governance news, events and developments. In addition to news from standard setters, it will include news from SROs such as NYSE and NASD, associations such as FEI, The Conference Board, the IMA and the IIA, and interviews with public company senior financial managers, public company directors, and Big 4 accounting firm partners.

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New Caution Flags
Flag icons have been added to alert the user when there is more than one version of a Code section, ERISA section, SEC statute, or State & Local statute, including subsections, paragraphs, subparagraphs, clauses and subclauses. The user clicks on the red flag icon to the left of the compass icon and is returned all versions of that statute in the left pane for easy, direct access. The direct link eliminates the need to scroll the document. This functionality is also available for regulations.

New Links from Code, ERISA and SEC
There are now new links from Code, ERISA and SEC history to public laws cited therein.

Addition of Bill or Public Law Number to Table of Contents and Keyword Search Results
We added the bill or public law number before every bill or law section in pending & enacted legislation. Now users who keyword search pending & enacted legislation will be able to determine from which bill(s) or law(s) their results are derived.

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