In 1992, GlobeTax was founded to master the complex landscape of double taxation treaties to ensure that “No investor overpays withholding tax.“
For investors and financial institutions seeking to recover taxes through relief at source, quick refund, and standard reclaim processes, GlobeTax offers MIDAS®. In this capacity, GlobeTax procures documentation, monitors income, manages relief at source elections and files reclaim applications, ensuring that all possible entitlements are returned.
GlobeTax also processes claims for depositary banks, DTC Participants, issuers, and transfer agents through the firm’s ESP product. In this capacity, GlobeTax collects, validates, and transmits beneficial owner data and documentation along the custody chain to support withholding tax recovery.
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
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 Banks
GlobeTax Secures Contracts with All Depositary Banks
By 2006, GlobeTax had 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
GlobeTax Launches Relief at Source Offering
Recognizing the need for a scalable solution, GlobeTax launched an outsourced service to help DTCC Participants manage relief at source elections for ADRs held at DTCC
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