As 2021 unfolds, the topic of tax is set to dominate headlines. Tax to recoup the costs of Covid, tax on large, high profit companies, and new areas of tax to generate revenue and influence changes in society, such as environmental social and governance (ESG). One tax that has gone live without much of a […]
IBS Intelligence podcast. Trading activity and dividend arbitrage schemes are seeing increased scrutiny from authorities following the Cum-ex tax scandal. Sunniva Kolostyak speaks to Daniel Carpenter, Head of Regulation at Meritsoft about what institutions can do to ensure compliance and in turn, build trust. Listen to the podcast here First published by IBS Intelligence 10/2/2021 https://ibsintelligence.com For an overview of our Cum-Ex withholding tax solution click here and, […]
The discussion around CSDR implementation has focused largely on how the banks, custodians and asset managers are preparing, but the clock is also ticking for the CSDs as they finalise their plans ahead of implementation a year from now. Those CSDs using TARGET2-Securities (T2S) to record their positions and settle their participants’ transactions have collectively agreed with the European Central Bank that the platform […]
Daniel Carpenter explores the complicated nature of FTTs across different regions and the necessity for banks globally to update and industrialize their tax systems to handle the increasing number of in-scope securities across these extraterritorial taxes. Click here to read the article in full. First published in Bloomberg Tax & Accounting on 14th December 2020. Reproduced […]
With the dramatic pandemic fall off in fiscal budgets, many American states have been taking a closer look at their abandoned property tax legislation, casting an ever-wider net for dormant accounts, and recognizing these unclaimed assets as revenue. This has resulted in increased scrutiny of financial institutions’ escheatment processes. Some states are using outside firms to locate abandoned property, […]
With the current global environment paving the way for an ever-greater number of taxes, Daniel Carpenter shares his thoughts on the complexities of managing multiple financial transaction taxes across multiple regions. Click here to read the full article, published in Euromoney, 18th November 2020 To find out how we can help you with your tax management requirements, please get in touch at capitalmarkets@meritsoft.com.
Claims – a topical issue in recent days in the world of politics! But claims of a different kind are under increased scrutiny in the financial industry right now. The drive for post-trade process efficiency has always been important. In the new age of COVID-19, as financial institutions struggle with increased volumes due to market […]
Accurately calculating OTC brokerage fees during times of extreme volatility is challenging. Any sharp rise in OTC volumes leaves investment banks paying more in brokerage fees. Dealing with multiple brokers, all with different rate card structures, is challenging during normal market conditions. But in the midst of this global pandemic, it must be nigh-on-impossible for any bank to get a […]
Alex Duggan of Cognizant (Meritsoft’s parent company) sat down with Philip Slavin of Taskize at last week’s Network Forum to discuss the key areas of focus for firms as they seek a solution to address the CSDR settlement discipline regime. Click here for the full conversation Get in touch to find out how Meritsoft can […]
