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How do you say 'taxes' in Hungarian, let alone calculate them?

New software from CCH, a Wolters Kluwer unit, provides instantaneous, real-time national and local tax rates, tax forms and up-to-date answers to frequently asked questions for emerging markets

By Staff Writer | Updated on December 11, 2007

Figuring out tax laws in emerging market countries can, well, be taxing. But new software from CCH, a Wolters Kluwer unit, provides instantaneous, real-time national and local tax rates, tax forms and up-to-date answers to frequently asked questions for each country. Worldwide Tax Rates and Answers: Emerging Markets also features real-time legislative tracking of future tax rates. “Given the rigorous requirement of SOX and FIN 48 [which changed how companies account for uncertain income taxes], multinational companies are under increased pressure to have both up-to-date and historical cross-border information,” says Mark Friedlich, head of CCH International tax development. CCH software uses Smart Chart technology that lets users quickly access rates and get answers to key tax questions in easy-to-understand chat format for easy comparisons across jurisdictions, the company says. Smart Chart technology is an interactive online tool the can be used to help revise, update or create a strategic communication plan.

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