@JBatelli the withholding tax is only partially true, you can simply get it back online from the tax authorities in Switzerland... Really exemplary in contrast to some other countries... :)
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3Semana
Ahh, that's good that you said that. I didn't know it was a bit easier there than in other countries. Then I won't even find out more. So far, I've just been put off by the high withholding tax.
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3Semana
@JBatelli I thought Nestle is only available as ADR anyway and then the American withholding tax would apply, or am I wrong? 😅
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3Semana
@GreenWash I don't think so. But I can't find a really reputable source either.
On brokerexperte.de it says: ADRs are now treated the same as shares for tax purposes. For withholding tax, the tax rate of the home country applies and not the reduced tax rate of the USA. However, dividend payments may incur additional costs for the investor, which the issuer of the ADR charges for forwarding the dividends.
On brokerexperte.de it says: ADRs are now treated the same as shares for tax purposes. For withholding tax, the tax rate of the home country applies and not the reduced tax rate of the USA. However, dividend payments may incur additional costs for the investor, which the issuer of the ADR charges for forwarding the dividends.
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@GreenWash you can buy Nestlé directly and free of charge from Finanzen Zero, "only" the spread is charged, they buy them on the Swiss stock exchange.
I have an account with them just for Swiss shares, I'm with DKB and Maxblue anyway, my wife is with Ing, it's very cheeky what they charge for Switzerland, and ADRs are out of the question for me...
I have an account with them just for Swiss shares, I'm with DKB and Maxblue anyway, my wife is with Ing, it's very cheeky what they charge for Switzerland, and ADRs are out of the question for me...
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