Ready-4-ER-at-14
Full time employment: Posting here.
I got a notice from one of my brokers that I acted up and deleted the information but thought it might affect some of you.
Apparently there is a Foreign Tax Credit (FTC) for German stock usually held in ADRs (American depository receipts) and I suppose for country specific funds like EWG.
My memory is that the German taxes are increasing for foreign investors and also the lag time for getting that foreign tax credit from double country taxation is also increasing. The brokerage also mentioned a figure of $500 which might have meant an amount necessary for getting the refund or an amount worthwhile to file. Apparently this was done for us in the past.
I sold a german adr company and the balance of my ewg.
I thought this would significantly reduce my dividend yield.
I did a tiny search for info to link to for you guys and gals but found nothing.
Apparently there is a Foreign Tax Credit (FTC) for German stock usually held in ADRs (American depository receipts) and I suppose for country specific funds like EWG.
My memory is that the German taxes are increasing for foreign investors and also the lag time for getting that foreign tax credit from double country taxation is also increasing. The brokerage also mentioned a figure of $500 which might have meant an amount necessary for getting the refund or an amount worthwhile to file. Apparently this was done for us in the past.
I sold a german adr company and the balance of my ewg.
I thought this would significantly reduce my dividend yield.
I did a tiny search for info to link to for you guys and gals but found nothing.
