@Saifun part3
Looks like my arbitrage deal will be a small "desaster" ->
ouch.
"
...
received by you and paid to the ITA (“Dividend
Withholding”), and (ii) approximately $1.66 per Saifun Share shall be withheld from the Return of Capital
portion of the Cash Distribution and retained by the Trustee, which represents the maximum Israeli tax
withholding applicable to such payment as calculated above (“Return of Capital Maximum Withholding
Amount”). Thus your brokerage account, absent instructions from your broker, will be automatically credited
with (i) 0.7238 of a share of Spansion Stock and (ii) approximately $4.36 in cash for each Saifun Share you
owned as of Closing without any action on your part.
...
"
saifun.com
I have found a important step, which gives me hope again:
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If you provide the foregoing documents by Wednesday, May 28, 2008: (A) the amount to be withheld
as Israeli tax from the Return of Capital Maximum Withholding Amount will be calculated based upon the
applicable withholding rate in the Tax Treaty for your Treaty Country (which for many countries, including the
U.S., Canada and the U.K., is equal to 0%),
...
The following countries have a Tax Treaty with the State of Israel: Austria, Belarus, Belgium, Brazil, Bulgaria, Canada, China,
Croatia, Czech Republic, Denmark, Ethiopia, Finland, France, Germany, Greece, Hungary, India, Ireland, Italy, Jamaica, Japan,
Latvia, Lithuania, Luxembourg, Mexico, Moldova, Netherlands, Norway, Philippines, Poland, Portugal, Romania, Russia,
Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Kingdom,
Ukraine, United States of America, and Uzbekistan.
...
"
BUGGI |
