21 July 2021

Treaty Rate Manager – New online withholding tax reference data service from Goal Group

Goal Group today announces the launch of Treaty Rate Manager (TRM), an online withholding tax reference database providing cost-effective access to the latest treaty rate information across the globe.

TRM from Goal Group includes all statutes of limitations and a simple-to-use tool to quickly determine the applicable treaty rate for a client by selecting their market of investment, domicile, entity type and security type – with over five million reclaim permutations. Available immediately as a monthly subscription, it represents a valuable additional reference for fund managers, custodians, corporate actions systems vendors, research firms, the securities finance sector and other advisers involved in cross-border tax recovery and portfolio planning.

Goal and its worldwide client base use this data to feed up-to-date treaty rates into withholding tax reclaims on 3 billion shares annually. This is the first time Goal has offered access to its knowledge base on a standalone basis, and forms part of the company’s new suite of innovative, web-based subscription services for the global investment community.

Stephen Everard, Chief Executive Officer of Goal Group, comments: “We are excited to present our withholding tax reference data to the market as a very competitively priced monthly subscription service. Our own team relies on this data to deliver our market-leading outsourced reclaim service, and as such, its quality and scope is market-proven. Treaty data are continually updated by our in-house Research team and clients of TRM will benefit from this.

“Building and maintaining the knowledge base required to calculate accurate tax reclaims – especially at volume – is simply not viable for most institutions. It makes far more economic sense to leverage the knowledge and dedicated resources of a third-party specialist. We anticipate strong demand from various sectors of the investment community as they sharpen their focus on maximising tax relief for clients, fully meeting their fiduciary duty and turning tax recovery into a lucrative service opportunity.”

Awards and Accreditations