How does GlobeTax engage with financial institutions?

Typically, financial institutions retain GlobeTax to provide withholding tax recovery services to their clients. Financial institutions share client position data with GlobeTax on an ongoing basis, information we analyze to identify all possible recovery opportunities. Upon determining eligible entitlements, we submit claims to the relevant foreign tax authority on clients’ behalf. Thereafter, we track claims and, upon receiving payment from the foreign tax authority, deposit funds directly into client accounts.