8Mon·

Your opinion on $CS (+0.28%) AXA ?

6 Comments

8Mon

It is somewhat overshadowed by Allianz, but has a good global positioning. Is a stabilizer for the portfolio. Rewards its investors with rising dividends and share buybacks. I am highly satisfied as a shareholder, only the French withholding tax is a bit annoying - but AXA can't help that

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Tojasoku@Tojasoku

8Mon

@TheNauruan I can only confirm that!

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Invesdos@Invesdos

2Mon

Is this in addition to the other taxes, i.e. how much do I have to pay?

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Invesdos@Invesdos

2Mon

Did some searching: There is something about ~40% tax, without refund of Franz Quell tax. Does anyone here have any experience?

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Frosch@wealth_strategist_664

1Mon

@Invesdos
I had AXA in my portfolio with comdirect and was surprised that the total tax burden on dividends was almost 40% because of the French withholding tax (26.5%), of which only 15% is credited in Germany.

I then switched to DKB because they offer the advance reduction procedure: You fill out a form, have it confirmed by the tax office and send it to the bank (fee approx. €30, valid for 3 years). This reduces the withholding tax directly to 15 %, so that you only pay the German withholding tax (approx. 25 %).

This is particularly worthwhile for higher amounts - for me, the effort definitely paid off.

This was the article that helped me at the time:

https://www.divantis.de/kurz-vor-der-loesung-fuer-die-franzoesische-quellensteuerproblematik-noch-eine-dividende/

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Invesdos@Invesdos

1Mon

This means that you only have the Franz shares there

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