Personal Finance & Money Asked by meldar on September 3, 2021
Hypothetically speaking, if a UK company has a profit of £300k, it has to pay a 19% UK corporate tax which leaves it with a corporate profit of £243k. If a US citizen was to be paid a dividend of 70% of the £243k profit that would come out to £170k.
What tax and what tax percentage would need to be paid on the £170k dividend paid out by a UK company to a US citizen?
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