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To: robert b furman who wrote (59273)3/23/2017 3:51:32 PM
From: E_K_S  Respond to of 78476
 
Foreign Dividends: Tax Rates, Largest Payers, ADRs and ETFs

From the article:

. . .countries, like the U.K., India, and Argentina, do not tax dividends paid to U.S. residents at all. This fact is due to agreements between the U.S. and those countries to not impose dividend taxes on each other.


GSK on my 1099 was treated as an ADR w/ no Foreign Tax withheld (so no need for foreign tax credit). There was an ADR fee which can be deductible as an itemized deduction. On 1000 shares you would be charge $10.00.


Your 1099 report will separate out all your Foreign Taxes paid and you just complete the form for the Foreign Tax credit. Many have changed to ADR and they charge an ADR fee.


Certain Countries have the U.S. treaty arrangement, Canada (for IRA/ROTH) and UK (for all types of account). You can Google the list of countries. I think the linked article provides that country list.


EKS