I bought SI before the exdividend date. My research indicated that a tax treaty between the US and Germany limited foreign withholding to 15% instead of the 26+ pct otherwise withheld. However, the two accounts in which I hold SI were charged the full 26+ pct. Anyone have an explanationg?
If you're a US citizen and your shares are in a taxable account (not an IRA etc.), you can recover the foreign tax paid as a credit on your US taxes ("foreign tax credit"). I've read that Germany refunds withholding taxes on stocks in IRAs but I haven't verified that.