[John Byrne, IM's CEO, stated,] Most corporate actions software contains only very limited tax functionality, leaving institutions to develop extensive manual procedures to minimise taxation of cross-border income. However, withholding tax optimization has been rapidly increasing in importance for investors and we have recently been asked by several clients to develop a more sophisticated set of services into our converg-e and CAMA products. ... We are already in discussions with several of our clients to hook up to this new service which we believe will provide them with operational efficiency as well as a significant market advantage.  -   John Byrne     Quotes
[John Byrne, IM's CEO, stated,] Most corporate actions software contains only very limited tax functionality, leaving institutions to develop extensive manual procedures to minimise taxation of cross-border income. However, withholding tax optimization has been rapidly increasing in importance for investors and we have recently been asked by several clients to develop a more sophisticated set of services into our converg-e and CAMA products. ... We are already in discussions with several of our clients to hook up to this new service which we believe will provide them with operational efficiency as well as a significant market advantage. John Byrne