TaxRelief enables customer firms and their clients to obtain tax relief on foreign-sourced income payments. The benefit comes either up front when a non-U.S. income payment is made, called "relief-at-source," or post payment in the form of accelerated refunds.
DTCC's Tax Relief delivered $2.3 billion worth of tax benefits to customers in 2011. The service is used by more than 400 firms, including many of the largest investment banks and broker/dealers.