A Global Cost Basis Resource
More than a dozen countries assess capital gains taxes and share a tax treaty with the United States. Financial services firms with offices and clients in both the U.S. and these countries can benefit from customized versions of Netbasis that calculate currency-adjusted capital gains and losses accurately and efficiently.
The gold standard for cost basis calculation in the U.S., Netbasis can provide the same level of innovative technology through a customized version, which can include built-in currency conversion features that translate capital gains/losses from one currency to another, cover corporate actions and pricing for global securities, and incorporate specific tax laws and business rules for any given country. A customized version of Netbasis will also provide support for all applicable cost basis-related regulations in both an investor’s home country and the country in whose currency foreign securities are denominated.
To learn more about customizing Netbasis for international applications, contact NetWorth Services today.