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To: IceShark who wrote (54536)	1/5/2001 11:12:55 AM
From: Moominoid	Respond to of 436258

There are all kinds of crazy taxes here :) For example, foreign mutual funds and pension funds are taxed on an unrealised gains basis. You can't even cash in the pension fund to pay the taxes. This is explicitly meant to encourage the domestic fund management industry. I'm particularly annoyed by the rule that only allows you to deduct foreign margin interest against foreign dividends - like US stocks pay dividends :) You can deduct foreign capital gains losses against Australian ones though. Go figure...