Bloomberg releases international tax data solution
04 September 2025 Global
Image: Askar/stock.adobe.com
Bloomberg has announced the release of an international tax data solution that covers financial transaction tax (FTT), stamp duty, and levies on financial instruments.
Available via Data License for scalable enterprise wide use, the solution aims to help banks, brokerages, custodians, and asset managers to streamline tax compliance and examine the tax implications of entering new markets.
Firms operating in multiple jurisdictions are responsible for adhering to a complex web of global, regional, and local tax obligations on financial transactions, says Bloomberg.
This includes varying tax rates on the purchase and sale of financial assets, a stamp duty tax on securities issued by companies incorporated in specific regimes, as well as levies on specific company transactions.
Accurately tracking these tax implications can be a complicated, time consuming task for firms, costly in both resources and overall impact on financial transactions, the firm explains.
Commenting on the new solution, Kate Lee, global head of enterprise regulatory data at the firm, states: 鈥淏loomberg worked in lockstep with clients and industry participants to design a dynamic solution that provides scalable identification of tax-eligible instruments, accounts for evolving tax laws and maps back to a firms鈥� security database for seamless integration into firms鈥� compliance and front office workflows.
鈥淭his marks the latest enhancement to Bloomberg鈥檚 robust tax offering, complementing our best-in-class US tax data solution, allowing clients to monitor and manage transaction-based global tax exposure more effectively and with greater confidence.鈥�
The solution provides users with a number of tools, such as global coverage across 28 tax jurisdictions in EMEA and APAC, coverage of FTT regimes in France, Italy, and Spain, as well as stamp duties in the UK, Ireland, Hong Kong, and Singapore.
In addition, users will have access to automated identification of in-scope instruments and tax obligations with daily monitoring and reference data, including recent corporate actions.
Available via Data License for scalable enterprise wide use, the solution aims to help banks, brokerages, custodians, and asset managers to streamline tax compliance and examine the tax implications of entering new markets.
Firms operating in multiple jurisdictions are responsible for adhering to a complex web of global, regional, and local tax obligations on financial transactions, says Bloomberg.
This includes varying tax rates on the purchase and sale of financial assets, a stamp duty tax on securities issued by companies incorporated in specific regimes, as well as levies on specific company transactions.
Accurately tracking these tax implications can be a complicated, time consuming task for firms, costly in both resources and overall impact on financial transactions, the firm explains.
Commenting on the new solution, Kate Lee, global head of enterprise regulatory data at the firm, states: 鈥淏loomberg worked in lockstep with clients and industry participants to design a dynamic solution that provides scalable identification of tax-eligible instruments, accounts for evolving tax laws and maps back to a firms鈥� security database for seamless integration into firms鈥� compliance and front office workflows.
鈥淭his marks the latest enhancement to Bloomberg鈥檚 robust tax offering, complementing our best-in-class US tax data solution, allowing clients to monitor and manage transaction-based global tax exposure more effectively and with greater confidence.鈥�
The solution provides users with a number of tools, such as global coverage across 28 tax jurisdictions in EMEA and APAC, coverage of FTT regimes in France, Italy, and Spain, as well as stamp duties in the UK, Ireland, Hong Kong, and Singapore.
In addition, users will have access to automated identification of in-scope instruments and tax obligations with daily monitoring and reference data, including recent corporate actions.
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