Full
Realization of Income Entitlements on Cross Border
Investments: A Compliance and Corporate Governance Issue
Martin S. Foont
President and CEO
GLOBE TAX SERVICES, INC.
New York, New York
William Treut
Vice President
GLOBE TAX SERVICES INC.
New York, New York
The growth of cross-border investment remains robust as investors
continue to look beyond their own country’s borders for opportunities
for enhanced returns. One issue that arises from this trend is that of
withholding tax on cross-border investment income. Whether or not tax
reclaims are being pursued (and to what degree of success) by an
investor’s financial institution, can have a material effect on the
performance of an international investment portfolio. Regulators are
increasingly viewing this area of asset servicing as a fiduciary
duty. The discussion will include market and tax treaty updates
as well as, detailed discussion about options and tools available to
asset servicers, enabling a comprehensive solution in this complex area.
