What are the tax consequences of dividends paid to nonresident alien shareholders?
Freeport-McMoRan Copper & Gold Inc. has determined that, for quarterly dividends paid in 2008 to nonresident shareholders, 0.45 percent of the dividend amount was subject to federal withholding tax. For quarterly dividends paid in 2009, Freeport-McMoRan Copper & Gold Inc. has determined that 100 percent of the total dividend amount is subject to federal withholding tax unless exempted by tax treaty. The withholding tax rate may also be reduced by tax treaty.
Freeport-McMoRan Copper & Gold Inc. has determined that, for quarterly dividends paid in 2010 to nonresident shareholders, 100 percent of the dividend amount was subject to federal withholding tax. For quarterly dividends to be paid in 2011, Freeport-McMoRan Copper & Gold Inc. has determined that 100 percent of the total dividend amount is subject to federal withholding tax unless exempted by tax treaty. The withholding tax rate may also be reduced by tax treaty.
