GlobeTax launched MIDAS (Managed Income Distributions At Source), the market’s first and only comprehensive solution for global relief at source processing. The new platform expands GlobeTax’s previous EDS Assist solution, which led the market in processing DTCC-eligible securities like American Depositary Receipts for over a decade. As the new global gold standard, MIDAS systematizes the relief at source process for all ordinary share, international equity, and debt products.
GlobeTax was founded in 1992 in response to a need in the marketplace for a comprehensive withholding tax reclaim processing service to satisfy all global investors.
As cross border withholding tax issues become increasingly complex and the volume of international investment continues to grow, GlobeTax strives to develop services which enable all financial industry participants to benefit from the recovery of excess withholding tax, and continues to expand into new markets. GlobeTax looks forward to the future and the role it will play in streamlining tax reclamation processes, while maintaining the same commitment to uncompromised excellence.