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View Full Version : NYSE Dividends... and tax.



Lewylewylewy
11-12-2015, 11:30 AM
Hi all,

Is there ANY way I (an NZ tax resident) can tip my money into NYSE:O and sit there happily collecting dividends without having the tax man take all my returns with stupid international trading laws? If I understand the NZ laws correctly, the NZX govt basically takes all your earnings if you buy more than $50,000 of foreign shares.

I'd really appreciate the assist.

GTM 3442
12-12-2015, 02:47 AM
From what I understand, the S&P500 has a dividend yield of about 2% at the moment. That's not a lot of dividend yield to be chasing.

Throw in currency risk, and I must be missing something. What's the attraction?

777
12-12-2015, 08:16 AM
Hi all,

Is there ANY way I (an NZ tax resident) can tip my money into NYSE:O and sit there happily collecting dividends without having the tax man take all my returns with stupid international trading laws? If I understand the NZ laws correctly, the NZX govt basically takes all your earnings if you buy more than $50,000 of foreign shares.

I'd really appreciate the assist.


Pay your tax like a responsible citizen.