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RSPT re : Overseas investors

Discussion in 'General Investing Discussion' started by perrycomo, 19th May, 2010.

  1. perrycomo

    perrycomo Member

    Joined:
    12th Sep, 2009
    Posts:
    10
    Location:
    nsw
    Hi
    Rio Tinto is 70% foriegn owned but has 100 % franking credit
    So the dividend is sent overseas , is the franked tax paid to Australian govt. or the govt. that the investor lives .
    In either case it's a flight of millions out of Australia right ?