JPMorgan Launches Tax Reporting Service
JPMorgan Worldwide Securities Services (WSS) has announced the launch of its tax calculation and reporting service for UCITS funds distributing into the UK.
The service is delivered through Fund Tax Reporter (FTR), JPMorgan's proprietary platform, and integrates with its fund administration services. The service already calculates tax for 2000 share classes and 320 client funds.
"The launch of the UK tax service demonstrates our continued commitment to providing solutions for the more complicated aspects of fund distribution for our clients," says Francis Jackson, WSS EMEA markets executive at JPMorgan. "The FTR platform covers a range of markets, which we are ready to grow further as tax requirements change and our clients seek new channels for fund sales."
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