Withholding tax is a very complex issue, even for one beneficial owner with a relatively small cross border portfolio. For institutional investors with high value, wide-ranging portfolios, and for custodians and brokers managing assets for a wide range of client investments, that complexity becomes extremely difficult and costly to manage.
The links and information on this page are provided to help visitors to the site understand some of the issues, but also to provide access to a range of information that may help identify potential entitlements or solutions to particular problems.
This is by far the most important part of our work in the industry. Of the many billions of dollars that are withheld each year by foreign tax authorities, only a small fraction of the entitlements to tax recovery ever find their way back to beneficial owners. There are a number of reasons for this, but the most significant is knowledge. We run a series of free monthly webinars aimed at different segments of the industry e.g. custodians, trustees & administrators, funds etc. Click here to see the current schedule.
We also support withholding tax training courses several of which are run in Europe.
Until recent Issuers, those companies declaring dividends or paying bond distributions
believed that "the tax affairs of investors are the tax affairs of investors" -
i.e. their problem. Increasing regulation around the world to protect investor interests and increasing understanding that the investor's dollar could go elsewhere, have enlightened CFOs to the benefit of being seen doing their best by their investors. So withholding tax has finally hit the corporate governance agenda, thus completing the circuit from Issuer through intermediary to investor. By clicking here you will find out some of the current issues being debated in the Issuer and proxy-voting
community, as well as some of the regulatory issues that have a bearing.
There are very few books on withholding tax available and GlobeTax is lucky enough to have on its staff the author of the most well known ones. As you will have gathered, withholding tax is also affected by regulation in many markets. By clicking here you will see a range of books and articles that are available either to buy or download which can be used either to gain grounding in the subject or to use as reference guides.
There are a number of download files available at various parts of this site. You can also see the entire library of available downloads by clicking here.
