Quick help!! got stumped on a interview about dividend w/holding tax
Ok, quick back story. I applied to a hedge fund and as all offshore funds go, there is a 30% w/holding tax on all dividends. Question they asked me was how do you circumvent this so that you're not hit up?
I just looked at them w/a blank stare. Well, they're bringing me back in tomorrow and I have no idea so, not to look like an idiot twice, I'm interested in what traders do about this? BTW, I'm in ops and I'm not interviewing for a trader's position so I don't see the need to know this process but would like to know this before going back in.
Paluka or any other equity traders familiar with this?
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