Tens of billions of dollars is over-withheld by governments every year on cross-order income because investors and their advisers do not provide taxing governments with sufficient information to establish the correct rate of tax.
This step-by-step guide shows you how to avoid tax being unnecessarily withheld and details the requirements for individual jurisdictions, compliance, legal and operational issues.
With contributions from HSBC, Crest, GlobeTax and Standard & Poor’s.
Required reading for institutional investors, custodians, registrars, investors and consultants.
"As global investing grows apace, tax schemes are becoming increasingly more complex. Obtaining relief from over-taxation thus becomes more difficult and important. This informative and educational book gives an insight to investors. It intends to give practical guidance and a view of the future that will aid portfolio planning and custodial performance. This book is a fundamental resource for every institutional shareholder."
John Everett, HSBC Global Investor Services
"An excellent overview of relief at source as well as providing a benchmarking mechanism for institutional investors and custodians to achieve best practice and avoid litigation."
Martin S Foont, President, GlobeTax, New York
"An excellent reference work, essential reading for all investors, issuers and custodians. Ross McGill has explained in a clear and understandable way, not just the very real and complex practicalities, but also the big and emerging issues surrounding withholding tax, for everyone in the investment and custody chain."
Steve Raddon, Manager, International Taxation, CRESTCo
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