Spotlight on WTax’s People and Development Department: An Interview with Nicole Lieman
At WTax, the driving force behind our success is not only our cutting-edge services but our exceptional people. Nicole Lieman, Head of People and Development, shares the story of WTax’s journey, its commitment to fostering a positive workplace, and how the company continues to attract and retain top talent.
How Withholding Tax Recovery Supports ESG-Aligned Asset Management
In today's investment landscape, environmental, social, and governance (ESG) considerations are more important than ever. Institutional investors and asset managers are expected to align their practices with these principles.
Spotlight on WTax’s Tax Technical Team: An Interview with Lelanie Marais
As the head of WTax’s Tax Technical team, Lelanie Marais is at the forefront of navigating the complex and ever-changing landscape of withholding tax (WHT) for the company’s global client base. In this interview, she shares her insights into how WTax stays ahead of industry changes, the future of WHT, and what makes WTax a leader in the field.
Portugal ECJ Claims: A Comprehensive Timeline for Investment Funds
An Introduction to ECJ Claims One method for investment funds to seek withholding tax relief is through claims based on European Court of Justice (ECJ) legal precedent. When EU Member States impose different tax treatments on domestic and comparable foreign investment funds, it results in unjustified discriminatory tax practices that contravene the EU’s principle of free movement of capital, as outlined in Article 63 of the Treaty on the Functioning of the European Union.
Germany’s Bundesfinanzhof Landmark Decision: A Victory for Foreign Investment Funds
In a pivotal ruling, Germany’s Federal Financial Court (Bundesfinanzhof) has recently declared that foreign investment funds are entitled to a refund of dividend withholding tax previously paid. This decision, which addresses a longstanding issue of discriminatory tax practices against foreign investment funds for dividends received prior to 2018, marks a significant milestone in upholding equitable treatment under EU law. With substantial sums at stake, the refunds could lead to an increase in fund basis-points, offering a long-overdue remedy for years of unfair taxation.