Build, buy or outsource: Managing withholding tax reclamation

clock • 4 min read

Bill Salva, global business development manager of Goal Group, looks at possible solutions as approximately £13.2bn of investors' rightful returns from foreign shares and bonds are lost because withholding tax on dividends and income is not being fully reclaimed.

Some investors and advisors still believe that the withholding tax reclamation process is so complex and labour-intensive that this outweighs the advantages. But with the right technology and support, this is simply not true.  Indeed, many investors are demanding that their fund managers take steps to ensure that their returns are maximized and that measures are in place to return what is owed. Our research shows that approximately £13.2bn of investors' rightful returns from foreign shares and bonds are lost because withholding tax on dividends and income is not being fully reclaimed....

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