New York (Aug. 24, 2004) -- Thomson Tax & Accounting has strengthened its position in international tax law with the acquisition of international tax information provider Foreign Tax Law Inc.

Terms of the deal were not disclosed.

FTL's publications, which include print, CD and online versions of Tax Laws of the World and Commercial Laws of the World, will become part of its RIA range of products. The series consists of English translations of full or partial texts of major tax and corporate legislation in more than 100 countries.

“The acquisition of Foreign Tax Law will enable us to offer an important new source of service to both Foreign Tax Law and RIA customers," says Peter Warwick, TTA president and chief executive.

Laws covered in the Foreign Tax Law series include: income/corporate tax law; value-added tax law; corporation law; trust law; commercial codes; environmental law; money laundering and other regulations affecting financial transactions; labor law; and bankruptcy law.

-- WebCPA staff

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