Patent for License with Right to Enforce:

Cross Border Dividend & Interest Withholding Tax Refund Solutions    

The technology enables financial intermediaries to receive immediate payments and obtain relief on cross border dividend and interest withholding taxes from foreign government tax authorities.

Overview

This technology enables financial intermediaries to receive immediate payments on their cross border dividend and interest withholding taxes from foreign government tax authorities. Immediate, T+0 tax relief at source refund payments is available in all jurisdictional tax markets with tax treaty benefits. Beneficial owners are able to obtain immediate tax refund payments in all jurisdictional tax markets - especially in jurisdictional tax markets with longer tax refund period, i.e. Italy (10 or more years), France (2 or more years), Switzerland (2 or more years) Germany (2 or more years), etc. This technology solves the longer tax refund periods by providing immediate tax refund solutions, T+0, tax refund payments, in all jurisdictional tax market. The technology also benefit foreign financial intermediaries in the US markets to obtain immediate withholding tax refund on their US sourced income withholding taxes from the IRS (Internal Revenue Services), i.e., tax refund on derivative securities with delta of 0.80 or higher. Key users of this technology are: Hedge funds; Prime Brokers; Investment Banks; Global Custodian Banks; Pension Funds; Asset Managers; Multi-National Banks; etc.

Primary Application of the Technology

This technology is best for global investors with cross border tax exposures and with abilities to claim tax treaty benefits, i.e. Hedge Funds, Pension Funds, Prime Brokers, Custodian Banks, Investment Banks, Asset Managers, Collective Investment Funds, etc. This technology enable financial intermediaries and their beneficial owners to obtain immediate tax treaty benefits on a T+0 basis from foreign government tax authorities, i.e., Italy, Germany, France, Switzerland, Ireland, Luxembourg, etc. The US law governing these transactions changed as of 2010; the new law is "Regulation 871m". Current practices under 871m are believed to be relevant to these patents.

Patent Summary

U.S. Patent Classes & Classifications Covered in this listing:

Class 705: Data Processing:Financial, Business Practice, Management, Or Cost/Price Determination

This is the generic class for apparatus and corresponding methods for performing data processing operations, in which there is a significant change in the data or for performing calculation operations wherein the apparatus or method is uniquely designed for or utilized in the practice, administration, or management of an enterprise, or in the processing of financial data. It also provides for apparatus and corresponding methods for performing data processing or calculating operations in which a charge for goods or services is determined.

Subclass 37: Trading, matching, or bidding