Founded in 1992, GlobeTax is the world’s leading provider of tax reclamation services to the investment community. Each year, billions of dollars in taxes are over-withheld from investors by foreign tax authorities. The process of recovering these funds can be quite difficult and requires a detailed understanding of the complex reclaim filing processes and requirements in each foreign market. GlobeTax helps our clients maximize returns on their cross-border investments by recovering taxes which have been over-withheld. These funds are legal entitlements, mandated under the terms of bilateral double taxation treaties.
GlobeTax clients receive, in the shortest timeframe, the maximum funds to which they are entitled through our unique outsourcing service. GlobeTax monitors the tax reclamation process from start to finish, beginning from the moment dividends or interest are paid on a foreign security. We file and track each application through all required form preparations and filings until the reclaimed funds are posted into our clients' portfolios. Each step in the procedure is managed to comply with institutional and client reporting standards. GlobeTax currently files more than 2 million reclaims a year, with a 100% success rate.
GlobeTax acts as the tax reclaim processing agent for the four major US depositaries issuing ADRs. GlobeTax, with the aid of the Depositary Banks, initiates the most efficient and advanced processes available for tax reclamation in the ADR and Global Share marketplaces.
In addition to tax reclamation services, GlobeTax also provides a full suite of comprehensive research and market data services to the investment community.
Our current client base resides in over 40 countries worldwide and includes major financial institutions. GlobeTax provides services to the following institution types:
- Global Custodians
- Brokerage Firms
- Prime Brokers
- Asset Managers
- Pension Funds
- Hedge Funds