London, 19 February 2025 – Leading tax practice and international financial services consultancy WTS Hansuke is pleased to announce its official collaboration with withholding tax specialist TaxTec Group Limited. This collaboration enhances WTS Hansuke client services specifically in the area of withholding tax reclamation on foreign securities.
Withholding tax reclamation is a hot topic. Recent research from TaxTec has revealed that investors globally leave some $16 billion of withholding tax on foreign securities unreclaimed each year. For UK investors in foreign securities the unreclaimed volume is over $1.3 billion, in the US over $3.8 billion.
The new collaboration between WTS Hansuke and TaxTec paves the way for:
- Joint marketing initiatives
- Client cross-referrals
- Knowledge sharing
- Collaborative projects
WTS Hansuke 𝗣𝗮𝗿𝘁𝗻𝗲𝗿, Graham Tilbury, comments, “This is an exciting development for our clients, with a modern and fully digital service from TaxTec that ensures they receive the rightful returns in full. The market has been crying out for a fully digital withholding tax reclamation service that draws on AI to make reclaims as smooth and easy as possible. Now TaxTec have got there first. On top of the reclamation process, we can now offer our clients up to date views of reclamation status, alongside a predictive forward view of both process and portfolio.”
For more information about this partnership and the solutions offered, please visit www.taxtec.co.uk and https://wtshansuke.co.uk/
About TaxTec
Founded in 2023, TaxTec is revolutionizing tax recovery for institutional investors and their agents. Utilizing the latest AI-enabled digital technology, our highly automated global tax recovery proposition and client-centric service model maximize reclaim opportunities for our clients across all major markets. TaxTec clients recover more tax at lower cost enhancing their investment returns.
About WTS Hansuke
WTS Hansuke is a financial services consulting firm based in the City of London. We harness our technical and commercial expertise to provide our clients with a highly personalised, world-class service. Our role is to understand and anticipate our clients’ needs, only then can we advise and deliver to meet their needs. Our focus on the financial services industry brings together leading experts to build long-lasting client relationships.
For further press information, please contact:
Christian Nasillo at ThoughtSpark
Tel: + 44 (0) 207 101 0731
Email: christian@thoughtsparkagency.com
Website: www.taxtec.co.uk
LinkedIn: www.linkedin.com/company/taxtec-group
