Exchange Data International nearly doubles GlobeTax's e-TaxData Online's reference data product.
New York & London, September 12th, 2006, Exchange Data International (EDI), a leading provider of international securities data, today signed up to GlobeTax‚new StatRate product allowing EDI to include non-resident statutory withholding tax rate data for over a hundred markets into its securities master file product. The launch marks the second product launched by GlobeTax into the market reference data space.
Jonathan Bloch, CEO and founder of EDI said "Together with e-TaxData Online we now have the most comprehensive withholding tax data suite in the industry available to EDI clients. Our strategic alliance with GlobeTax gives us both on-line and data feed capability for withholding rates that we believe is unique in the industry."
Martin S. Foont, President and CEO of GlobeTax said "StatRate is the application of our knowledge and pre-eminence in the withholding tax field, usually used at the back end of the corporate actions process in the form of tax reclaims. At the front end of corporate actions, financial intermediaries who make payments to their clients need to know the statutory tax rates for nonresidents from each market in order to know the default rate of tax to deduct."
