Praemium completes largest release of share tax reports to investors

investors

17 August 2009
| By Benjamin Levy |

Praemium has completed its largest deployment of share tax reports to hundreds of thousands of investors using its new online tax service developed for online broker E*Trade. The new service was developed for E*Trade customers in July.

Group chief executive of Praemium, Arthur Naoumidis, said the project was the largest deployment of investment tax reports in Australian history and a significant achievement on behalf of Praemium and E*Trade.

Managing director Stuart Sayers said E*Trade was committed to raising the bar with innovative new services.

The service offers a free, integrated online share trading tax report service, eliminating the need for investors to collate contract notes, dividend statements and equity related documents.

An additional service offering tools for proactive traders will be available later in the year.

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