PILLAR: Withholding Tax Solutions for Custodians
Why Withholding Tax Now Sits on the Custodian Agenda From background administration to operating model risk For years, many firms treated withholding tax as an annoying side process. That view no longer works. Cross-border investors still suffer withholding tax at source on dividends and interest. However, treaty relief still depends on timing, evidence, and execution. […]
Coordinating Withholding Tax Recovery Across Multiple Custodians
A multi-custodian model reduces concentration risk. It also multiplies operational friction. The moment you split a portfolio across two or more custodians, you create parallel data realities for the same dividend or interest event. That is where multi-custodian tax reclaim programs either mature into a controlled operating model or drift into a recurring clean-up exercise. […]