Are you aware of the tax implications of international investing? When you invest in foreign securities, even those listed on U.S. exchanges, your investment is subject to foreign tax withholding. Foreign tax withholding is simply money that your broker takes out of your dividend income, capital gain, or interest income that is paid to the central government of the company you own. Withholding rates vary by country and source of income. Some countries require withholding on dividends, interest, and capital gains, and others only withhold income on dividends and interest. Why is this important … [Read more...]
Archives for June 2008
There Will Be Water
Roberts County is a neat square in a remote corner of the Texas Panhandle, a land of rolling hills, tall grass, oak trees, mesquite, and cattle. It has a desolate beauty, a striking sparseness. The county encompasses 924 square miles and is home to fewer than 900 people. One of them is T. Boone Pickens, the oilman and corporate raider, who first bought some property here in 1971 to hunt quail. He's now the largest landowner in the county: His Mesa Vista ranch sprawls across some 68,000 acres. Pickens has also bought up the rights to a considerable amount of water that lies below this part of … [Read more...]