Attention [Treaty] Shoppers: BEPS MLI Takes Effect July 1, 2018
In our latest blog post, we summarize how the July 1st implementation of the BEPS MLI affects the withholding tax universe, who is impacted by it, and what investors can expect in the coming year.
Contending with Pension Deficit Disorder
Members of the GlobeTax team spent three days at the National Conference of Public Employment Retirement Systems’ (NCPERS) Annual Conference & Exhibition. There, trustees, investment officers, and service providers gathered to discuss the current state of public defined benefit (DB) plans and highlight ways to improve portfolio outcomes in an uncertain world of funding gaps and looming deficits. Below, we overview several of our biggest takeaways from the conference.
Farewell, Excel jockeys
Every asset servicer faces a trilemma: boost client satisfaction, increase operational efficiency, and decrease costs – all at the same time. In large part, the trilemma stems from the way in which information flows through the global custody chain. Because each intermediary uses customized systems to manage account and position information, there is a constant battle to reconcile the data as it passes along the chain.
April 2018 Withholding Tax Newsletter
Following February’s inaugural Withholding Tax Update newsletter, GlobeTax has continued working to enhance our client offerings. In expanding serviceable markets and developing new products, we strive to stay up-to-date with the ever-changing world of withholding tax recovery.
BEPS, FATCA, and codes of conduct… oh my!
Imagine a world where you have to walk a long and winding road of complex, interlinked informational requirements just to optimize tax. A world where failure to tackle those stringent demands in the right way could result in fines and lawsuits for abuse of treaty or tax arbitrage.
GlobeTax Announces Launch of ESP Bulk Upload for Japanese ADRs
GlobeTax announces the launch of ESP Bulk Upload for claims for Japanese ADRs, allowing users to submit claims for multiple securities and beneficial owners with a single file.
February 2018 Withholding Tax Update Newsletter
It is with great excitement that we introduce our first Withholding Tax Update newsletter. While we will continue to distribute Important Notices as appropriate, this newsletter will provide a platform for sharing our insights on the cross-border tax landscape at large.
How APIs Can Transform Vendors Into Partners
Custodians have faced existential headwinds for decades, a situation that has escalated in the aftermath of the Global Financial Crisis. Encroachment from new competitors has compressed margins, while additional regulations and paper-intensive processes have increased operational and compliance burdens.
Reflections on WFC 2017
GlobeTax employees ventured to Hong Kong for the 2017 World Forum of CSDs conference (WFC), joining central securities depositories for three days of discussion and networking. Below, we overview several of our biggest takeaways from the conference.