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Karabo Molokomme • August 11, 2023
Alumnus Student Name: Lexi Panas
Graduating Year: 2016
Crawford International School: Crawford International College Lonehill
Current Career: Foreign Withholding Tax Reclaim
The career of Lexi Panas has been driven by equal parts passion and tenacity; traits that have helped Lexi achieve great success since she matriculated from Crawford International College Lonehill. Lexi combined her creativity and passion for Finance with some business savvy to achieve her goals.
1. What did you do after school Lexi?
As soon as I matriculated from Crawford, I went to study a Bachelor of Commerce in Marketing, and then studied further to complete my Post Graduate Diploma in Business Administration at The Gordon Institute of Business Science. During my time at university I also made sure to travel, see and do as much as I could, before entering the working world where adult responsibilities kicked in!
2. Why did you choose this field of study?
To be honest, I didn’t really know what my passion was and what exactly I wanted to pursue and so opting to study Commerce just seemed like a safe option that would open a lot of doors for me. Only after I completed my Post Graduate studies did I realise that I had a passion for Finance, which then led me to pursue a career in Foreign Withholding Tax Reclaim.
3. What is Foreign Withholding Tax Reclaim?
The definition is: Most types of U.S. source income, received by a foreign person, are subject to U.S. tax of 30%. A reduced rate, including exemption, may apply if an Internal Revenue Code Section provides for a lower rate, or there is a tax treaty between the foreign person's country of residence and the United States.
4. Sounds complicated!
The field of Foreign Withholding Tax Reclaim is fairly complex, however, there is a great deal to be gained from understanding the inner workings of international withholding tax recovery – especially when it comes to dividend income. The recovery process is usually long and requires in-depth knowledge of multiple jurisdictions, each with their own legislation and reclaim requirements. It’s an exciting career field for me.
5. How did Crawford help you to achieve your goals?
Throughout my time at Crawford, I had immense support from my teachers and from friends. The school really helped instil a healthy level of competitiveness in me which really helped me thrive in my university studies and now in my career. Also, I was never a confident kid growing up, but I found myself at Crawford, which I am incredibly grateful for.
6. What are your thoughts on choosing a field of study?
If you don’t know what career you want to go into, I would say Commerce is a good place to start as it generally opens many doors and avenues for you. Studying Commerce will give you a good overview of all the different components involved in the business world and then you can easily find what aspect of business you may be interested in pursuing as a career.
7. What is the best and worst advice you ever received?
Best advice: What if it can turn out better than you can imagine? Dream!
Worst advice: Be realistic!
8. What advice do you have for your 17-year-old self?
I would give my 17-year-old self, not just one piece of advice, but many. Okay, I’ll summarize it to four points.
1) It’s okay if you are uncertain of who you want to be, professionally. Some people know as soon as they matriculate and some take years to find their path. Just remember, time is on your side and a few years down the line, circumstances will mould you into the person you need to be. It is never too late to find your passion in life.
2) You shouldn’t care what people think of you. Always make your own choices, your own decisions and your own mistakes.
3) Always look out for yourself. It’s not a bad thing to put yourself first and always do what makes you happy. People come and go throughout life; things change and at the end of the day you’re all you’ve got.
4) You’re going to experience highs and lows throughout your life but you’ll always make it out the other side. There’s so much to look forward to.
9. What are you passionate about outside your work?
I am incredibly passionate about adventuring and travelling the world. I’m always up for a new experience, whether it’s jumping out of a plane or getting lost somewhere in Europe. I think travelling makes you mentally healthier, inspires you and overall makes you happier. So, if you have the means to, I would strongly encourage you to invest in travel.