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What are the tax implications of investing in US shares?

Thursday 24th January 2002

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Q: Can you explain - or point me to a website or other resource that explains - the basic tax implications of buying United States stocks? Dividends may not be an immediate issue as I'm considering Berkshire Hathaway shares that pay no dividends.

A: The tax implication in relation to dividends will never be a problem. Berkshire Hathaway has never paid a dividend since Mr Buffett took over and only added B class shares (the cheaper version) after pressure from shareholders.

For a good starting point visit:
- http://www.etrade.com
- http://www.schwab-worldwide.com

If you can't find the information you are after on their site, send the customer services dept a quick email and you usually get a prompt and helpful response.

You could also try the NZ Inland Revenue Department site:
- http://www.ird.govt.nz/menu.htm.

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