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banx comments on Stupid Questions September 2015 - Less Wrong
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Are index funds still a good idea if you don't live in the US? In Australia for example, due to differences in things like capital gains tax rates, the existence of franking credits, tax exempt options like your main residence, and whatever else I'm not aware of, I'm not sure.
I don't know for sure, but the answer is very probably yes. I recommend searching http://www.bogleheads.org/forum/ for Australia-specific info.