Why are so many people buying this ETF, anyway? I mean, a 3% dividend yield is okay, but when you consider that there are withholding taxes that can’t be reclaimed, I wonder what the advantage is. Maybe someone can help me out?
@Schochi Without an exemption order, this is tax-advantageous precisely because of the withholding tax. The withholding tax is fully credited, but is not subject to additional taxation (including the solidarity surcharge and, if applicable, church tax). These surcharges apply only to the remaining 10% capital gains tax. It may seem like small change, but it all adds up.
