M
MrC2011
Guest
Hi,
Is the current tax on dividends at the marginal (i.e. higher) rate of tax? I would like to make sure of this obviously before I pay revenue, but it looks like it is.
How does this tax compare to other countries? I mean if I get dividends from a foreign company and tax is withheld by their country at 25% (for example for europe), and then tax is deducted here on the net amount at the marginal rate (50%), then what is the point in getting it at all??! (even though 15% of the tax withheld by the foreign country can be reclaimed).
It seems extraordinarily high. If you take away dividends, stocks approach a high yielding savings account (6%). Is this really what we want in this country - where you can't even invest??
Is the current tax on dividends at the marginal (i.e. higher) rate of tax? I would like to make sure of this obviously before I pay revenue, but it looks like it is.
How does this tax compare to other countries? I mean if I get dividends from a foreign company and tax is withheld by their country at 25% (for example for europe), and then tax is deducted here on the net amount at the marginal rate (50%), then what is the point in getting it at all??! (even though 15% of the tax withheld by the foreign country can be reclaimed).
It seems extraordinarily high. If you take away dividends, stocks approach a high yielding savings account (6%). Is this really what we want in this country - where you can't even invest??