The InterContinental Hotels Group (IHG) shares referred to in this article are ADRs (American Depositary Receipts) traded on the NYSE. ADRs are basically proxy shares of non-U.S. companies that allow U.S. citizens to invest in foreign companies without having to trade in foreign currencies and track foreign exchanges. IHG shares trade in the local currency on the LSE (London Stock Exchange) under the same ticker symbol.
Tax implications are important whenever considering ADRs. I'm not a tax expert so I can only share my layman's knowledge of taxes on ADRs and suggest that investors consult with their accountant. It appears that about 75% of all nations with U.S.-traded ADRs tax the dividends the companies pay, many...
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