You get credit on your tax return for foreign taxes paid. This reduces your U.S. taxes, so you get the 30% back.
THANK YOU very much for the reply. I also emailed them and am hoping for a response, but yours is a great bit of information for me.
It sounds like it might be a good candidate for a taxable account, as the credit can be used, regardless of whether it's 15% or 30%.
GLTY and to ALL with their investments in this company.
If it's in an IRA you don't get a credit for foreign tax paid when you file your US income tax return.
French withholding tax on dividends is 30% or 15%, depending on whether your broker has negotiated a deal with the French authorities.
I have my shares in a taxable account with a discount broker who has negotiated the 15%.
Is this investment suitable and eligible for IRA investing in the USA? Are there any peculiarities with it, especially if desiring to reinvest dividends. Thanks, in advance, for the help. GLTA !!
Why at some time in the future many see PSID surpassing the $5 a share mark and how traders can give it a go under 10 cents right now
Up to 33% upside potential in the short term sends Wall Street searching for entry ton PSID. Can the stock finally beat expectations?
Agree Schwab is fine. I did get scammed in French tax ADR trading fees for TOT in Merril Lynch account. 15% div tax in Schwab taxable account and no ADR trading fee, for TOT ADR.
If you go to the TOT web site, you will find that France has a 30% default tax rate on ADR's. There are some forms you can file to reduce the rate to 15%. Maybe some tax expert can comment on this.
But my personal take on tot sp under the current economic environment (mainly crude oil price) is 40 to 50 $. This range comes from well known Graham-Dodd value investing method and on the preferred margin of safety. All other things being equal. Metrics tell here we have value. Long term investors. Not speculators. Just sharing some homework on she and several other investments. glta.
Is the dividend stable? , the payout ratio is not good. It sounds like they could sell assets to make up the difference. But, the company is well off from its cash flow projections. Any thoughts?