Is GSK a Qualified Foreign Corporation? Thinking about investing in GSK and just wanted to know whether GSK's dividends are reduced by foreign withholdings? If so, what is the true after withholding dividend yield?
UK taxes used to be withheld, but that was a long time ago. Now, you will pay only the normal Federal and State taxes on the dividends.
United Kingdom does not with hold taxes on dividends to US investors. All i pay on this ADR is the US federal tax.
What about state taxes or do you live in a state with no state income tax?