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Dividends & double taxation - or not

December 20, 2013

Interesting news out of the UK

Insight: The Great British tax giveaway

BY TOM BERGIN LONDON Fri Dec 20, 2013 4:29am EST

http://www.reuters.com/article/2013/12/20/us-tax-britain-credits-insight-idUSBRE9BJ08V20131220

Notes on dividend taxes per Wikipedia

in the USA

"In 2003, President George W. Bush proposed to eliminate the U.S. dividend tax saying that "double taxation is bad for our economy and falls especially hard on retired people". He also argued that while "it's fair to tax a company's profits, it's not fair to double-tax by taxing the shareholder on the same profits."[4]"

in canada

"In Canada, there is taxation of dividends, but tax policy attempts to compensate for this through the Dividend Tax Credit or DTC for personal income in dividends from Canadian corporations.

http://en.wikipedia.org/wiki/Dividend_tax


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