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London-based Exchange Data International has partnered with fellow UK firm Financial Software to provide trusted data on offshore funds. 

FSL has made identifying funds and determining tax liabilities much simpler, reducing this traditionally labour-intensive job.

With the UK tax authorities clamping down on offshore funds tax avoidance, there is a demand for such an offshore reporting funds service.

“EDI is pleased to be working together with Financial Software Limited in making available their data on Offshore Reporting Funds. This data is usually only available very expensively from major accountancy firms and this dissemination should begin to break their hold on this marketplace,” Jonathan Bloch, CEO of EDI, said. 

FSL was founded in 1994. Its core product, CGiX, is an investment tax management solution and capital gains calculator. EDI provides data reference services. The firm covers markets with special emphasis on emerging and frontier markets e.g. Africa, Asia, Far East, Latin America and the Middle East. EDI is based in London, with offices in New York, India, and Morocco.