Not too long ago I wrote
about being invested in Telefonica as an experiment to see how much I will be tax as a international investor investing in US ADRs and how much taxes I will be levied with.
To recap:
- There is a 30% withholding tax on dividends of US Stocks listed on US Stock Exchanges. Last I checked, there is not many ways you can bypass this.
- The withholding tax currently for Spain, where Telefonica is from is 19% as of this posting (Dec ‘10).This was raised from 15% in Jan 2010 if I am correct.
- We do not want a situation where our dividends are first taxed 19% at Spain and then 30% more in US before giving to us.
I invested 50 shares in Telefonica at a price of USD $61.23.
No of Shares: 50
Purchase price (USD): $61.23
Exchange rate ......
