As awareness of corporate governance and shareholder best practice issues increases, issuers are under greater pressure to leverage the maximum benefit for their shareholders. At its core, corporate governance policy is meant to ensure that all shareholders / investors have access to needed information; and that the corporation acts with their best interests in mind. While this does include considerations such as, corporate social responsibility and environmental / social governance issues, the primary focus has been shareholder value.
As cross-border investment continues to grow, more and more shareholders are missing out on significant portions of income, to which they are legally entitled, in the form of excess withholding tax. In practice, this means that not all investors are receiving equal value for their investments, because some are taxed at a significantly higher rate than they are entitled to.
GlobeTax believes that issuer corporations can significantly improve their services to their investors, and their own share capitalization, by providing adequate information on potential withholding tax liabilities and how to manage them. GlobeTax is committed to serving the issuer community by educating them on attendant details and solutions to these concerns, so that they may better communicate this information to their investors. GlobeTax’s Depositary Receipts and Issuer Services department processes reclaims for all US investors holding ADRs (American Depositary Receipts) on foreign shares. Additionally, GlobeTax offers issuer programs which guarantee that all recipients of a given share issue will receive any reclaimed funds to which they are entitled. For more information on our services to issuers, please click here to contact us.