Capital Changes—In-depth corporate actions analysis and tax details
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Capital Changes

  • In-depth corporate actions tax analysis, commentary and rich details

    Each year, more than a million corporate action events add layers of complexity to tax reporting. Accounting for these can be tedious and error-prone. Yet, the slightest error or miscalculation can pose a significant threat to a financial firm's bottom line. To manage the risk, you need to understand exactly what is happening for each event-before it happens, and understand the tax consequences.

    Capital Changes delivers rich and comprehensive corporate actions tax content covering daily and historical U.S. and international corporate events-including analysis, commentary and taxability determinations. Thousands of tax, legal and corporate actions professionals responsible for reviewing, researching and booking events at leading brokerage, banking, investment management and legal organizations already rely on Capital Changes for its legacy of unparalleled analysis of corporate actions to facilitate tax accurate reporting.

    With over 65 years of experience and 100 years of historical corporate actions data, Capital Changes is the leading tax authority on U.S. and international corporate actions. More than ever, with cost basis reporting now law, tax professionals as well as broker operations teams, need this in-depth taxability content to assist with investment tax reporting compliance. Our Capital Changes solution suite includes:

    Essential corporate action tax details
    • Accurate summaries
    • Reliable taxability
    • Comprehensive basis information
    • Security tax classification
    • Extensive historical data
    Streamline workflow

    Capital Changes helps streamline workflow processes relating to a wide range of activities, including:

    • Performing tax basis calculations for securities
    • Determining gain/loss on taxable transactions
    • Determining fair market value (FMV) of securities received in taxable mergers or distributions
    • Understanding potential impact of IRC Section 302
    • Applying boot rule in combination mergers
    • Determining effect of PFIC rules on non-U.S. securities
    • Managing investment portfolios
    • Preparing income tax returns
    • Updating shareholder accounts
    • Estate and gift tax planning
    • Acting as a trustee for individuals or corporate clients
    Who should subscribe?

    Capital Changes is a must-have resource for anyone who needs U.S. and international corporate action tax analysis and details, including cost basis adjustments. By combining U.S. and International Corporate Actions coverage, subscribers have information necessary to manage global portfolios.

    The U.S. Internal Revenue Service (IRS) subscribes to Capital Changes. Typical subscribers include professionals in financial services firms involved with:

    • Corporate actions
    • Taxes
    • Operations
    • Cost basis
    • Gains and losses
    • Portfolio accounting
    • Portfolio management
    • Investment management
    • Trust operations
    • Reorganization
    • Clearing and settlement
    • Asset servicing
    • Client reporting
    • Fund accounting
    • Dividends
    • Research support
    • Valuation
    • Custodians
    • Law firms
    • Tax/accounting firms
    • Estate planners
    Background information

    The Capital Changes Reporter was acquired by in 1948. Since that time, shareholders and their advisors have relied upon Capital Changes to understand the corporate actions affecting publicly traded securities, including the impact on the holder of the security and the tax consequences of the action.

    We continue to provide unparalleled tax analysis today.  Moreover, we continue to bring products to market that facilitate our clients' ability to process corporate actions accurately and efficiently.

    Capital Changes is a unique service that helps subscribers manage the increased complexity of processing corporate actions.  From U.S. to international corporate actions, from the front-office to the back-office, count on Capital Changes' insightful corporate actions analysis and long standing experience to help you understand the tax and processing implications of corporate actions.