The 2008 Annual ACT Conference will be held June 23-25, 2008 at the JW Marriott Las Vegas Resort and Spa, Las Vegas, Nevada. Please join ACT and participate in an excellent program that will feature assorted presentations, including a joint Atlas/Oracle presentation addressing the latest versions of financial consolidation tools with a focus on Oracle’s Hyperion Financial Data Quality Management (“FDM”) application.

The Thomson Corporation (NYSE: TOC; TSX: TOC), a leading provider of information solutions to business and professional customers worldwide, today announced that it has acquired TaxStream, a leading software provider in income tax provisions, which help corporations comply, plan and remit income taxes. Based in Hoboken, N.J., TaxStream has various offices across the United States, employing approximately 100 people. TaxStream will now become part of Thomson Tax & Accounting.

The world’s six largest accounting firms are pushing for the adoption of International Financial Reporting Standards (IFRS).

The next generation of tax compliance, provision and planning applications from CORPTAX all deliver the in-depth functionality that clients expect, plus a new, intuitive interface that provides the ease-of-use and the look and feel of standard Microsoft® applications.

In June, 2006 the Financial Accounting Standards Board issued Interpretation 48 of Financial Accounting Standard 109. This interpretation, known as “FIN 48”, is intended to eliminate inconsistency in accounting for uncertain tax positions in financial statements certified in accordance with U.S. GAAP. FIN 48 mandates new rules for recognition, de-recognition, measurement, and disclosure of all tax positions.

The Internal Revenue Service has issued for public comment draft versions of the revised Form 1120-F, U.S. Income Tax Return of a Foreign Corporation, for tax year 2007 and related schedules, including Schedule M-3, new for 2007. Taxpayers with $10 million or more in total reportable assets filing Form 1120-F for tax years ending on or after Dec. 31, 2007 will be required to file Schedule M-3