Forum Archive Index - December 2002

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi All, 

Usually with a New Zealand company dividend announcement there is a 
'supplementary payment' announced for non New Zealand domiciled 
shareholders.  Are there any such people on this forum?

Take the most recent dividend announcement from Telecom as an 
example:

http://www.telecom.co.nz/print/0,3903,200694-200141,00.html

The dividend is 5c.

The supplementary dividend for non residents is 0.8824c making a 
total of 5.8824c.

So my questions are these:.  

1/ How would a non-NZ domiciled investor treat this in their tax 
return.  Just a gross payment of 5.8824c?  Is it that simple?

2/ How does Telecom treat such a payment in their own accounts?

3/ Why are NZ companies so intent on giving higher payouts to 
overseas investors, at the expense of the hapless home market 
investor?

TIA

SNOOPY





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