09 May 2011 – Hannah Beechman
£10.72 billion of investors’ returns from their cross-border shares and bonds stand to be lost in the latest financial year because withholding tax is not being properly reclaimed, according to tax reclamation specialists, GOAL Group.
To read this article on the IFA Online website Click Here
Washington Mutual Class Action Suit Settled
Washington Mutual Inc. (WMI/WaMu) and other defendants have settled to pay $208.5 million in a class action lawsuit that was derived from WaMu’s collapse in 2008. Washington Mutual Inc., a savings bank holding company that was created in 1898, had collapsed in 2008. The company’s fall has been attributed to a focus on lower-income borrowers [...]
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Securities Withholding Tax Reclamation Market
The 4th GOAL group report Key Findings - $17.39 billion (£10.72bn/€12.24bn) of investors’ rightful returns from their foreign shares and bonds were lost in the latest financial year because withholding tax on dividends and income is not being properly reclaimed. - This represents an increase of over 50% in the annual amount lost compared with [...]
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Goal Group Limited is incorporated in England & Wales under Company number
2438530 with our registered office at 7th Floor, 69 Park Lane, Croydon, Surrey,
CR9 1BG, United Kingdom. VAT registration number 524 8499 15
