Seeking Alpha


Send Message
View as an RSS Feed
View cpa28761's Comments BY TICKER:
Latest  |  Highest rated
  • Total SA - Buy This Stock Now [View article]
    vxmike, finally someone who understands. I'll give you one more. Put Canadian dividend stocks in your IRA. Under tax treaty between the USA and Canada, there is no withholding at all.

    Long: RY and TD (in my IRA)
    Apr 16, 2015. 06:25 AM | 3 Likes Like |Link to Comment
  • Total SA - Buy This Stock Now [View article]
    ...or, Allen, you can ask your broker why he is not taking care of the necessary filings. There are a dozen French companies with ADR's traded in the USA. If the tax consequences were as dire as you claim, those companies would be wasting their resources to be listed. In addition to TOT, SNY and ORAN pay a dividend.
    Apr 15, 2015. 10:45 PM | 1 Like Like |Link to Comment
  • Darden Could Teach McDonald's Something [View article]
    Isn't it the mission of every Attorney General in New York to conduct a crusade to show himself as a champion of the people so he'll have something on which to base his future gubernatorial campaign?
    Apr 15, 2015. 10:13 PM | Likes Like |Link to Comment
  • Total SA - Buy This Stock Now [View article]
    Uncle Pie, I use Turbotax Premier as well. I didn't get 100% of my foreign withholdings back due to limitations in some years, but the software does a great job of keeping track of the carryforwards. I have a very small carry forward to 2015 at this point.
    Apr 15, 2015. 10:09 PM | 2 Likes Like |Link to Comment
  • Total SA - Buy This Stock Now [View article]
    Uncle Pie, I don't do anything. I first acquired TOT thru Smith Barney. I have since added to my holdings with Fidelity. In each instance, my broker took care of all the filings with the French and American taxing authorities. My withholdings have always been 15%. It was not until today that I learned what goes on behind the scenes.
    Apr 15, 2015. 09:41 PM | 1 Like Like |Link to Comment
  • Procter & Gamble: It Is Time For Some New Blood [View article]
    What makes you think the sales of brands are at other than arms' length?
    Apr 15, 2015. 07:03 PM | Likes Like |Link to Comment
  • Total SA - Buy This Stock Now [View article]
    In the worst case, the withholding is 15%. So 6.0% becomes 5.1%. How does that compare to the yields of CVX and XOM?

    Long: CVX, TOT
    Apr 15, 2015. 05:55 PM | 2 Likes Like |Link to Comment
  • Total SA - Buy This Stock Now [View article]
    How is the withholding a "killer"?
    Apr 15, 2015. 05:27 PM | Likes Like |Link to Comment
  • Total SA - Buy This Stock Now [View article]
    Uncle Pie,

    From the Total website:

    "Under the provisions of international tax treaties signed by France, the default French withholding tax rate is 30%. Certain shareholders may qualify for a reduced rate of 15% by filing completed Forms 5000-EN (for future dividends) and 5001-EN (for dividends already paid) with the French tax authorities.

    "Forms 5000-EN and 5001-EN must be certified by the tax office of your home country and sent by your paying institution (the bank which pays you the dividend) to the French “Centre des impôts des non-résidents...”

    I guess my "bank" is Fidelity, which files on Form 5000-EN.

    This is corroborated by the French Embassy in DC.

    "Dividends paid by a French company to an individual resident of the United States, are subject to a 15% withholding tax in France.

    "To benefit from this 15% reduced withholding rate , the US residents must first provide the paying agent with a certificate of residence for the application of tax treaties forms 5000-EN and 5001-EN This form must be accompanied by a certificate provided by the US tax authorities (form 6166) or be validated by a US financial institution.

    "In order to obtain the US form 6166, the taxpayer must file the US form 8802 available on the IRS web site"
    Apr 15, 2015. 05:18 PM | 1 Like Like |Link to Comment
  • Trending - Socially Responsible Fixed-Income Investing [View article]
    Has anyone considered the notion that those in the public sector are as motivated by self-interest as those in the private sector? Milton Friedman suggested that Phil Donahue was naive in believing that political ambition was nobler than economic ambition. Was Friedman wrong? It seems that the most affluent in our society are those in civil service.

    The author of this article is using a frame of reference that is, at best, from another century. Child labor in China? China has a larger middle class than the USA. It will be not too long before China is the number one economy in the world. The difference is that in China, a university degree is the ticket to the middle class. For too long union cards "expanded the middle class" in the USA.

    Now, even Republican candidates and Fox Business commentators such as Lou Dobbs are saying that the government has to help the middle class.

    And, stocknerd, you are the one who sees winners and losers as if economics is a zero-sum game. If an environment is created where a corporation can build a factory and operate profitably, it is a win/win for the company and the workers it employs. If the environment is hostile to business, the factory does not get built (or an existing one closes) and the company and its workers lose.
    Apr 15, 2015. 04:29 PM | 1 Like Like |Link to Comment
  • Total SA - Buy This Stock Now [View article]
    For USA taxpayers, the withholding is 15% on TOT's dividends. It probably varies by country of residence.

    Long: TOT
    Apr 15, 2015. 02:44 PM | Likes Like |Link to Comment
  • Procter & Gamble: It Is Time For Some New Blood [View article]
    Pepsi became, arguably, the best-in-class food processor in the world.

    Long: PEP
    Apr 15, 2015. 02:34 PM | Likes Like |Link to Comment
  • Procter & Gamble: Dividend Increase Coming, Here's What To Expect [View article]
    >>>Am I the only one watching the world's financial system and thinking: the whole thing is ready to collapse ?<<<

    Oh, no. Over the past several decades I have heard numerous fear mongers predicting the demise of civilization.

    However, let me posit this. If I remember Milton Friedman's book, Free to Choose, The Great Depression was caused by a precipitous decline in the money supply over a very short period. Many people feel that, had Lehman Bros. been back-stopped, the 2008 "panic" may not have been as bad as it was. It seems to me that if the money supply is maintained as a means of exchange in a responsible manner, the economy will function.
    Apr 13, 2015. 02:19 PM | Likes Like |Link to Comment
  • PepsiCo Ends Quarter Filled With Strong Product Launches And Continued Speculation [View article]
    >>>...and growing snacks.<<<

    K is so good at creating snacks that they had to buy Pringles from PG rather than developing their own products.

    Long: PEP. PG
    Apr 6, 2015. 08:53 PM | Likes Like |Link to Comment
  • 3M Is Undervalued On A Discounted Dividend Basis [View article]
    Ryan, I'm sure you can run a screen to get a list of companies that meet the criteria you specify. I just did. None of them are diversified manufacturing companies with the quality and consistency of earnings and dividends (S&P ranked A+) of MMM.
    Apr 5, 2015. 02:50 PM | 1 Like Like |Link to Comment