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Milestone Group has announced the launch of its new Tax Expense Calculation module within its pControl platform. The new component automates daily tax accrual calculations for individual tax-paying funds and single taxable entities. The process can be integrated with unit pricing so that the price gives an accurate calculation of a fund's tax position at any given time.Milestone product head of tax and accounting Gary Wearne said that the accuracy of the Tax Expense Calculation model would help trustees cope with volatility in markets as well as compliance issues."Accuracy in the calculation of a fund's tax position creates both confidence in net asset values and transparency of after-tax performance ... Under the current market reforms driving to level the cost playing field between retail and industry fund operators, any point of difference in investment performance is becoming an even higher priority," Wearne said.