Non-residents are subject to tax rules of their resident country so don't get off scott free. I wasn't aware of the 10% rule, although I will never have to worry about it.
Other side of the coin is that most countries don't recognise Australian franking credits, so a franked dividend can be a negative due to risk of double taxation for a non-resident.
So maybe Molton would prefer to cop the capital gain (if any) than loose the franking credit.
But then with all those losses (US$70M) will there be any corporate profit to tax, hence any franking credit anyway.
Plenty of angles to work to Moltons benefit. Being a non-resident myself I'm happy to piggyback that one.
Non-residents are subject to tax rules of their resident country...
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $10.82K | 832.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2688085 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 7217741 | 13 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
1.3¢ |
Change
-0.001 ( 7.14 %) |
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| Open | High | Low | Volume | ||
| 1.3¢ | 1.3¢ | 1.3¢ | 33525 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| OEL (ASX) Chart |