Strategic Alliance of Chicago Clearing and TaxTec Enhances Investor Recovery
Chicago Clearing Corporation and TaxTec Unite for Investor Recovery
Chicago Clearing Corporation (CCC), renowned for its expertise in securities and antitrust class action claims, has joined forces with TaxTec, an innovative company focused on AI-driven global tax reclamation. This exciting strategic partnership promises to significantly enhance operational efficiencies and maximize recoveries for institutional investors around the globe.
Expertise Meets Innovation
With over three decades of experience, CCC has successfully filed more than 20 million claims and recovered over $3 billion for more than 3,200 clients. This includes support for over 42 million individual accounts and management of more than $7 trillion in assets. By combining CCC's seasoned knowledge of class action settlements with TaxTec's state-of-the-art digital platform for tax reclamation, this collaboration aims to create an all-encompassing recovery strategy for investors. It targets two critical areas: securities litigation recovery and tax reclaim, thereby improving investor outcomes.
Transforming Tax Recovery Through Technology
TaxTec was established recently by a team of industry veterans whose combined expertise spans over 250 years. They are transforming the traditional tax reclamation process with AI-powered automation that operates across more than 100 jurisdictions and over 300 double-tax treaties. TaxTec’s innovative platform not only streamlines withholding tax reclaims but also features real-time tracking and compliance tools, which allow for faster monetization access.
Voices of Leadership
James Tharin, CEO of CCC, stated: "Every year, billions go unclaimed due to securities settlements and unrecovered withholding tax. By merging CCC's extensive experience with TaxTec's leading-edge technology, we are perfectly positioned to assist our clients in reclaiming their rightful entitlements more effortlessly and with enhanced confidence."
Stephen Everard, CEO of TaxTec, emphasized: "Institutional investors deserve a more intelligent, streamlined approach to reclaim what is theirs. This partnership with CCC equips us to offer unrivaled coverage in both tax and litigation recovery, unlocking previously unattainable value for our clients."
A Comprehensive Recovery Solution
The collaboration between CCC and TaxTec presents a robust recovery solution for institutional investors, custodians, asset managers, and pension funds. This comprehensive service covers litigation-driven settlements alongside tax recovery opportunities, ensuring that clients have a complete package for their recovery needs.
About TaxTec
Founded in 2023, TaxTec specializes in AI-enabled global tax recovery solutions tailored for institutional investors and their service providers. By leveraging advanced technology and a client-centric service model, TaxTec supports efficient tax reclamation processes in key international markets, enhancing recovery capabilities while minimizing administrative expenses.
About Chicago Clearing Corporation
Chicago Clearing Corporation is a specialist in securities and antitrust class action claims. Engaging CCC for claim filing helps investors capitalize on potential recovery opportunities while allowing them to focus on their essential work of investing.
Client Services Contact
For client inquiries, please reach out to:
Sarah Nurgat
ThoughtSpark
Frequently Asked Questions
What is the purpose of the CCC and TaxTec partnership?
The partnership aims to enhance recoveries and operational efficiencies for institutional investors by combining expertise in securities litigation recovery and tax reclamation.
When was TaxTec founded?
TaxTec was founded in 2023 by a team of industry veterans with extensive experience in tax reclamation.
How does CCC contribute to this partnership?
CCC brings over 30 years of experience in managing class action claims, having filed millions of claims and recovered billions for clients, enhancing investor recovery through its expertise.
What innovative solutions does TaxTec offer?
TaxTec offers an AI-driven platform that automates tax recovery processes across multiple jurisdictions, providing real-time tracking and compliance tools for tax reclaims.
Who are the primary clients benefiting from this partnership?
The partnership primarily benefits institutional investors, asset managers, custodians, and pension funds, offering them comprehensive solutions for both litigation and tax recovery needs.
About The Author
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