All ideas

Tax treatment of AMC.AX

Expected Behavior AMC.AX CDIs should show only as Australian income, without US foreign tax credits Current Behavior AMC is paid in AUD to Aust residents, (even though the distribution statement shows US cents per security, then AUD cents per security, and total AUD distribution), and has no withholding tax noted: and there is no annual tax statement showing US foreign tax credits. Currently AMC distributions in Navexa show grossed up amount, and a net amount: the nett amount is the amount actually paid in AUD. Amcor Plc is a tax resident of Jersey, in the English Chanel, pays no franking credits, and (I believe) withholds no tax on its CDI distributions Possible Solution Perhaps review the above, and cease applying withholding tax information. Steps to Reproduce 1. 2. 3. 4. Context (Environment) Tax statements are not correct, in my opinion. They show a foreign tax credit which doesnt exist, I believe. Thank. you