Mart Resources Inc MAUXF

RE: RE: RE: Dividend

[parapooper]

"Next point is the tax.  The case of Switzerland is interesting with nocapital gain and ordinary income at 45%.  Correct me if I am wrong butmost Mart shareholders are not under the Swiss tax code.  Also you haveto take the bad with the good.  If you invested $1000 and paid for it inSwiss Francs one year ago you have a very different problem."

Just so I don't spread wrong info on Switzerland with my less than precise last post. Capital gains is indeed 0% taxed (unless it's your main job) but dividends and interest are taxed at 30%. I rounded up to 50% because as far as I know I would also have to pay the canadian tax on dividends which I think is 25% (not sure though). I also could get 15% of the 25% canadian tax reimbursed if I wanted to go through all the trouble with the paperwork.
Ordinary income taxes are actually really low in Switzerland. At $100,000 income tax is <10%. After taxes and obligatory pension contribution, unemployment insurance and accident insurance you still get $77,000. It varies a bit by canton though.
Sorry for being off-topic, just did not want to be the source of misinformation about my current home country.

As for the dividends, you have some good points there - but to each his own, I just hate paying taxes (the lost money and the paperwork). There are worse problems to discuss than what to do with all that cash flow. And if I don't like it I'm of course always free to sell my position which still was a nice place to park my money compared to my other investments mostly in junior precious metals miners - oops. But thanks for reminding me how much better off I would be if I had just left my money in my swiss checking account. I will go cry now.