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I am considering investing in several companies outside the U.S. I was wondering if anyone knew the tax consequences regarding dividends received from foreign companies. I am mainly interested in Canada, Australia, europe, and china.

I talked with a rep from a canadian company who said that while the dividends would qualify for the new 15% rate, the canadian government would also withhold 15% for itself. Paying 30% hardly seems worth the investment considering I am mainly investing for yeild.

I am wondering what countries qualify for the 15% tax rate. In addition I am wondering if other countries withhold taxes on dividends like Canada does?

Thanx in advance
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