Tax Services: eTaxData Online

A new subscription service from EDI provided in conjunction with GlobeTax Services, will revolutionise the way you plan, monitor and manage withholding tax issues affecting your cross border investments and corporate actions.

eTaxData Online contains several valuable tools designed to assist the investment management and research community in accessing current and historic withholding tax data across a wide variety of markets. The eTaxData Online currently covers over 230 countries, which includes all the industrialised and emerging market jurisdictions. The eTaxData Online service includes four important withholding tax tools which, together with EDI’s other online services, provide a complete data solution.

Rates

You may want to know the treaty rates between pairs of countries for a specific beneficial owner type or for a particular year. -"Rates"- is an online data feed that provides query-based access to an extensive tax rate database based on selections of income type, income date, beneficial owner type and residency and country of corporate issue. Selecting variables will return a withholding rate and treaty rate (if applicable) for your selected combinations.

For portfolio planning or research, selecting "All" in a category will return a matrix of data covering, for instance all withholding and treaty rates for any given payment year and market. The permutations for research are almost endless. In addition, for each market, filing deadlines and expected recovery times are given for those interested in filing reclaims

One-Div

You may be unsure, for any given income event, whether there is any tax recoverable. You may want a quality control check on your investment income statement. Whatever the need, using 1-Div you can enter the details of an individual income event and find out whether you were over-taxed; if so, by how much; and gain instant access to a recovery solution.

Multi-Div

You may have a complete portfolio of investments across a number of markets, rather than just one individual income event. For this, Multi-Div provides the ability to enter several income events (up to 10 at a time) for a given portfolio, either online or by downloading a simple spreadsheet template. eTaxData will provide a Multi-Div analysis of withholding tax recoverables that can be used to enhance your fund performance data.

Position

You may not have an income statement to work from, but you’re concerned to see what scale of withholding tax problem you might have before taking the matter further – you’d like a snapshot of your position.

Position analysis allows you to provide position information – just the number of any given shares that you held on any given day (usually the most recent positions give the best answers). With some additional information provided on-line, we marry your positions up to our securities master file, and calculate the withholding tax you would have been due if you had held these shares over the most recent ex-date. This is a useful modelling tool and should give you enough of the scale and scope to decide whether you need to take action.

eTaxData Online is a GlobeTax product.

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