I have game to the conclusion, the only winners of TOT is the French Goverment. There GREED has hurt the investers of us who own TOT. There is alot of good american companys and I think I will SELL all my TOT holdings before the FRENCH Goverment makes another fool out of me.
Sentiment: Strong Sell
THE BUNNY AND THE SNAKE
Once upon a time (allegedly) in a nice little forest, there lived an
orphaned bunny and an orphaned snake. By a surprising coincidence, both
were blind from birth.
One day, the bunny was hopping through the forest, and the snake was
slithering through the forest, when the bunny tripped over the snake and
fell down. This, of course, knocked the snake about quite a bit.
"Oh, my," said the bunny, "I'm terribly sorry. I didn't mean to hurt
you. I've been blind since birth, so, I can't see where I'm going. In
fact, since I'm also an orphan, I don't even know what I am."
"It's quite OK," replied the snake. "Actually, my story is much the
same as yours. I, too, have been blind since birth, and also never knew
my mother. Tell you what, maybe I could slither all over you, and work
out what you are, so at least you'll have that going for you."
"Oh, that would be wonderful" replied the bunny. So the snake slithered
all over the bunny, and said, "Well, you're covered with soft fur; you
have really long ears; your nose twitches; and you have a soft cottony
tail. I'd say that you must be a bunny rabbit."
"Oh, thank you! Thank you," cried the bunny, in obvious excitement. The
bunny suggested to the snake, "Maybe I could feel you all over with my
paw, and help you the same way that you've helped me."
So the bunny felt the snake all over, and remarked, "Well, you're smooth
and slippery, and you have a forked tongue, no backbone and no balls.
I'd say you must be French".
I am really confused about this issue. Someone please explain to me a little more. I am US citizen. I have E*Trade account and use it to buy TOT shares three weeks ago. I sold it last week for a little profit. I did not see any reduction from the total trading amount except the commission fee which E*Trade took from every trade. People in this board keep mentioning about 0.2% French government levy on sale/purchase it's TOT shares. I wonder if I have to pay that by the end of the year or what? Thanks.
The real hit is in the DIVIDEND treatment. 30% is withheld which in France will be taxed at one's income level. In the United States this can be claimed as Foreign Taxes paid thus reducing your US Tax Liability. TOT is a STRONG BUY at today's price!
Sentiment: Strong Buy