Our History
1992
GlobeTax Founded; Launch of Standard Reclaim Service
Addressing a market need for withholding tax recovery expertise, GlobeTax was founded and the firm’s standard reclaim service was launched
1994
GlobeTax Launches Depositary Service
GlobeTax debuted the firm’s Depositary Services business, becoming the appointed tax claim processing agent for one of the four US Depositary Bank’s American Depositary Receipt (ADR) programs
2006
GlobeTax Secures Contracts with All Depositary Banks
By 2006, GlobeTax secured contracts with all four US Depositary Banks and developed processes in France, Mexico, the Netherlands, Switzerland, Japan, Korea, Russia, the Philippines and more, increasing the number of participating markets from 6 to 25
2007
GlobeTax Launches Relief at Source Offering
To expedite receipt of investor entitlements, GlobeTax launched an outsourced service to help DTCC Participants manage relief at source elections for ADRs held at DTCC
2008
GlobeTax Launches of Electronic Submissions Portal (ESP) to Support Depositary Service
GlobeTax debuted the ESP platform to provide financial institutions and downstream intermediaries a centralized portal for understanding and submitting data and documentation to support tax reclaims
2011
GlobeTax Launches ESP Reports
GlobeTax incorporated real-time reporting into ESP, enabling DTCC Participants to research and reconcile claim submissions
2017
GlobeTax Rebrands Outsourced Relief and Recovery Solutions as MIDAS®
GlobeTax rebranded its standard reclaim, quick refund, and relief at source services to MIDAS®. The combined offering helps investors secure entitlements through the fastest available channel.
2018
GlobeTax Debuts EU Discrimination Offering
GlobeTax expanded its MIDAS® offering, helping investors claim under European Court of Justice Discrimination rulings
2019
GlobeTax Incorporates ISO 20022 into MIDAS® : Relief at Source Offering
GlobeTax incorporated ISO 20022 messaging into the firm’s MIDAS® Relief at Source offering, automating the delivery of election results to DTCC’s CA Web portal and reducing client risk
2020
GlobeTax Relaunches ESP Portal
In 2020, GlobeTax debuted its re-engineered ESP portal, introducing bulk upload in all markets and customizable real-time reporting