Just to be clear, you're putting forward the Hongkong Shanghai Banking Corporation as a European EFT provider?
this post was submitted on 05 Apr 2025
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And HSBC may be European but boy are they absolutely despicable otherwise ๐ฌ
They're a bank.... story checks out.
Yeah European = Good is a lie.
But well, European = not financially contributing as much to Trumpโs corpocratic neofacist ethnostate, so probably better if you were gonna buy the thing anyways.
Well yes, it's a British bank headquartered in London that dates from the time Hong Kong was British...
HSBC are shit, but they're British shit.
absolutely fuck these guys. they're amongst the worst money launderers in the world !
If youโre complaining about higher EU fees. Buy ETFs domiciled in Ireland. With most of europe, that means zero dividend withholding tax, unlike 15% (or more depending where you live) for US based. Over a couple years, the dividend fees on the Us version add up and make Ireland more profitable for long term, even if the expense ratios and trading fees are a tad bit higher.
Forgive my ignorance, but can an American buy an Irish ETF? If so, what are the rules around it?
Check out the US tax treaty with ireland to figure out if it makes more sense for you.
How does Ireland and Luxembourg compare for European ETFs. My broker gives discount on Luxembourg Amundi stoxx 600. Which makes it quite good to buy it monthly
Le chat mistral:
"Luxembourg-domiciled ETFs generally do not withhold tax on dividends from European stocks for non-resident investors. However, for US stocks within these ETFs, Luxembourg-domiciled funds are subject to a 30% withholding tax on dividends due to the lack of a favorable tax treaty with the US, unlike Ireland which benefits from a 15% rate .
Luxembourg does not impose any withholding tax on dividends paid by investment funds to non-resident investors . However, Luxembourg-domiciled mutual funds are subject to an annual subscription tax, although passive ETFs are exempt from this tax. Active ETFs will also be exempt from this subscription tax starting in 2025 .
For Luxembourg residents, different tax rules may apply, and they might be subject to other taxes such as subscription tax on certain funds."
Kuddos for the meme format, i like this.
Was going to say the same thing, I like it as well
Agreed, been too long since Theresa May left the limelight.... Nothing like some pro-EU memes to re-start the trend. I like it!
On the risk of misunderstanding you, but this is not Theresa May, this is Ursula von der Leyen
Lol wow! I'm way out of my element, Donnie ๐
That person is the architect of the disaster that the EU is going through. Its an American ally, trying to bring EU and Asia connections down.