Ross McGill appointed to CESAME 2 Subgroup on fiscal issues

After the adoption of the EU Commission recommendations on withholding tax relief in October 2009, which in turn followed the work of the FISCO group, the CESAME 2 workgroup has created a sub-group of market experts to consider and follow up on the recommendations from a business perspective.
Ross McGill contributed to the last FISCO meeting and has subsequently been asked to contribute to the work of the CESAME 2 sub-group.

“Ever since I joined the industry in 1996, I have had an almost evangelical passion to make withholding tax a simpler thing for investors to understand and for the industry to implement.  I already sit on the ISO 20022 Securities Evaluation Group and have tried, through my three books on the subject, to try to help everyone understand the complexities involved in the current procedures and treaties.  With many EU markets now being referred to the European Court of Justice on these matters, its clear that withholding tax is firmly in the top quartile of custody issues.  So, I’m honoured to have been asked to join this group and delighted to be able to contribute in however small a way, to helping investors maximise their returns in an efficient way.”