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Anonymous
There's a 30% WHT when investing on NYSE as compared to 15% WHT on LSE.
Talking strictly about ETFs and not individual stocks, since lse is more tax efficient why do some still invest on nyse?
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Andy Sim
15 May 2020
HR Professional at a Financial Institution
I'm puzzled too honestly and I'm also trying to read up more on why would people choose US domiciled ETFs. One of the reasons probably is because they are not too bothered about the dividends since they go for growth of the ETF. But if you consider the effects of WHT on the total expenses, US domiciled ETFs are actually more expensive.
Great article to explain about this: https://newacademyoffinance.com/best-tax-effici...
There is also estate taxes consideration if you decide to go with a US ETF.
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I haven't done the math, but there are other considerations to factor in which includes fund expense...
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Whenever there are relevant dividends (above 1.0 % per year, roughly)
take the european equivalent UCITS version, but also compare the annual fees (TER %) before buying.