Comparing 3a fund performance: ETFs vs. CSIF, Swisscanto, UBS

[logitacher]

@nabalzbhf

(and leaking part of the us withholding)

It’s not leaking per se, but rather there are too many other deductions, so there is no tax left to reduce by reclaiming WHT.

Tax refund via DA-1 denied

The DA-1 credit is designed to offset the US withholding tax, but Switzerland’s tax system considers your overall tax liability. If your taxable income is significantly reduced by deductions (like mortgage interest), your overall Swiss tax liability might be low enough that there’s little or no Swiss tax left to be “credited” against the US withholding. In short, they’re saying you haven’t paid enough Swiss tax to justify the full DA-1 refund. They are not saying the US tax is invalid, but rathe…