Just a few comments :
1. In effect you pay tax on your CDI dividend at Aus tax rates. If you do not submit the foreign entity form you will be taxed in US at the 30% rate. If you submit the form you are taxed at 15% . Either way you claim the tax deducted as a foreign income tax credit in your Aus tax return. Why not simply submit the form. Make use of the extra 15% cashflow until Aus tax time.
2. Only divs paid from Aus source are pre-filled on your Aus tax return by the ato.
3. The amount of CDIs regularly announced simply indicates the reduced quantity on the ASX due to some holders switching to other exchanges. When CDIs are traded on the ASX their total number does not diminish ..for every seller there is a buyer. But as correctly stated by a poster the liquidity is reducing. IMO there will come a time when the company will close down CDIs and offer to transfer our holdings to the NYSE. This will be some time off. The trading in CDIs has no influence on their ASX share price. That is determined by the NYSE, NEM share price with timing differences.
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Last
$76.18 |
Change
0.970(1.29%) |
Mkt cap ! $10.17B |
Open | High | Low | Value | Volume |
$76.21 | $76.74 | $76.07 | $32.48M | 425.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 295 | $76.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$76.50 | 13 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 295 | 76.090 |
1 | 38 | 76.000 |
1 | 2219 | 75.960 |
1 | 3408 | 75.770 |
1 | 5190 | 75.580 |
Price($) | Vol. | No. |
---|---|---|
76.500 | 13 | 1 |
76.510 | 295 | 2 |
76.530 | 4167 | 1 |
76.710 | 3736 | 1 |
76.750 | 3736 | 1 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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