Longtime lurker here and a big fan of the reddit personal finance hivemind. I’m doing some research on European ETFs for a course I’m teaching. Here are some tricky questions I have not been able to resolve. Maybe someone here can point me in the right direction!
Question 1 – Everyone knows that Irish ETFs pay 15% tax on US source dividends and Luxembourg ETFs pay 30%. But what about German and French ETFs which invest in the US?
I know there are not many, but there are some I am looking at, and I have not been able to find a clear answer to this question.
For German ETFs the answer seems to depend on whether the fund is established as an “InvAG” (15%) or “KAG” (30%).
For France I have no idea – help?
Question 2 – What about 2nd-level taxation for German and French ETFs? If I am a non-resident receiving distributions from a German or French ETF, will tax be withheld on behalf of Germany and France, assuming no tax treaty is applied?
Any pointers or good source materials would be much appreciated – thanks!