scott s. <75270_3703a[at]csi.com> wrote:
- quote -

I'd ike to completely withdraw a previous answer and change
it 180 degrees. Second time this week. Hmmm.

I really thought I had read a reliable statement that ADRs
would not be qualified, but after a quick search could not
find any such reference. I found a pop reference which says
ADRs trading on a US exchange are qualified

http://ads.specificpop.com/pop_code;...id=303,bid=676

and, in light of this and Alan's note about the committee
notes, I will agree ADRs -- and RD in particular -- are
qualified.

And note, there is also a minimum holding requirement as
well,

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

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Kamlet[at]panix.com (Arthur Kamlet) wrote:

- quote -

You'll have to provide a citation for your comment on ADRs
as Footnote 41 of the Managers' Statement and Explanation of
the Final Conference Agreement to H.R. 2 ("Managers'
Statement") states that a share of stock will be treated as
traded on a U.S. securities market if an American Depository
Receipt ("ADR") backed by such share is so traded.

Alan
http://taxtopics.net

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Arthur Kamlet wrote:

- quote -

Royal Dutch (RD) ADR's trade on the NYSE.

scott s.

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<0b3hks001[at]sneakemail.com> wrote:

- quote -

If the stock of the company is listed on the NYSE, for
example, the dividends would be qualified and receive
favored treatment.

I don't know if this is the case with Royal Ditch.

It is not the case with BP which has its ADRs listed on the
NYSE but not its stock. Since BP shares on the nYSE are just
ADRs the dividends paid by those ADRs are not qualified.

If TYCO, that "well-known" Bermuda corporation with shares
listed on the NYSE [TYC] were to pay dividends they would be
qualified.

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

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b3hks001[at]sneakemail.com wrote:

- quote -

If you are referring to purchasing shares in Royal Dutch
Petroleum (Listed on the NYSE as RD), then the dividends
would be qualifed dividends.

Alan
http://taxtopics.net

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I understand that if the foreign corporation is listed on
U.S. stock exchnages, than the dividend is qualified for the
15% max. tax.

Royal Dutch is listed on NYSE. Would I be correct to assume
that if I buy Royal Dutch on the local stock exchange
(Netherlands), the dividend that I receive from Royal Dutch
would still be qualified for the 15% max. tax?

TIA

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