Thomson Reuters and Blue J Legal Deliver Artificial Intelligence-Based Tax Foresight

TORONTO: Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, and Blue J Legal today announced an exclusive joint initiative to bring Tax Foresight, a new suite of artificial intelligence-based tax case outcome predictors, to Canadian corporate tax professionals, tax preparers, accountants and tax lawyers.

Tax Foresight leverages the power of machine learning and artificial intelligence (AI), enabling practitioners to rapidly predict how courts will rule in new tax decisions, based on facts provided by users and analysis of prior judicial decisions.

Canadian tax and legal professionals can now access trusted primary law and guidance tools on the Thomson Reuters Taxnet Pro platform to identify specific tax issues, and use Tax Foresight to help predict how the courts will rule, thereby enhancing the efficiency of the analytical process. Blue J Legal has analyzed thousands of combinations of fact scenarios in tax cases, along with the eventual results of those cases, in order to build the Tax Foresight legal outcome prediction engine. This technology enables practitioners to predict, with much greater speed and confidence, how courts will rule in new situations.

“It can be extraordinarily difficult and inefficient to analyze case outcomes when there are many different fact scenarios. This is where artificial intelligence can really be of help,” said Neil Sternthal, managing director for Thomson Reuters Canada, Australia and New Zealand legal business. “By leveraging the AI capabilities of Tax Foresight, our customers will be able to maximize their productivity and accurately predict possible court rulings for the benefit of their clients.”

“Blue J Legal is thrilled to partner with Thomson Reuters to deliver the powerful insights of machine learning and artificial intelligence to accounting and legal professionals,” said Benjamin Alarie, chief executive officer for Blue J Legal. “Our Tax Foresight allows professionals to access legal answers and authoritative legal materials quickly and with more sophistication than ever before.”