Characteristics of a venture capital investor include a willingness to accept a high level of risk. O a need for immediate cash flows. the desire for a low capital investment. O the desire for liquidity. all of these are characteristic of a venture capital investor. Which of the following is not a tax implication of ADRs? There is no capital gain tax imposed by foreign governments. O Foreign taxes are generally withheld before interest and dividends are passed through to the ADR holder. A 20% maximum tax rate for qualified dividends. Foreign taxes paid can be offset against federal income taxes. Special rules apply to 10% or more ownership of a foreign corporation. Foreign taxes are not withheld before interest and dividends are passed through to the ADR holder. O True O False