Making Sense
Securities taxation: Why custodians must adapt
Apr 30, 2025
Rebecca Wilmott, Executive Director in J.P. Morgan’s EMEA Custody Product team, dives into the complexities of securities taxation in Europe. She discusses how evolving regulations necessitate enhanced collaboration between custodians and tax authorities. The conversation highlights the critical role of technology, including AI, in improving compliance and risk management. Wilmott also emphasizes the need for custodians to adapt swiftly to maintain optimal service standards amid the shifting landscape of tax challenges and client demands.
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Quick takeaways
- Custodians must embrace technology to improve tax compliance and manage evolving regulatory requirements across various jurisdictions effectively.
- The adoption of proactive partnerships between custodians and tax authorities is crucial for maintaining compliance and enhancing service delivery in a changing landscape.
Deep dives
Transformation in Securities Taxation
The securities taxation landscape is experiencing significant changes driven by evolving regulatory requirements. Institutional investors are diversifying their portfolios, which increases demand for services across various jurisdictions and introduces complex rule sets. As compliance obligations grow, custodians must not only navigate increased withholding taxes but also manage a broader spectrum of tax types and anti-abuse mechanisms. This heightened complexity necessitates a proactive partnership between custodians and tax authorities to deliver optimal tax service offerings while maintaining rigorous compliance.
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