# Tax optimisation for ETF investing

**URL:** https://forum.mustachianpost.com/t/tax-optimisation-for-etf-investing/67
**Category:** Wiki
**Created:** [October 31, 2016, 7:22am UTC](https://forum.mustachianpost.com/t/tax-optimisation-for-etf-investing/67 "2016-10-31T07:22:20Z")
**Posts on this page:** 1
**Showing post:** 167

<div class="post-metadata">

### Author: ![San\_Francisco](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/s/ea5d25/32.png) [@San\_Francisco](https://forum.mustachianpost.com/u/San_Francisco)
#### Post date: [May 24, 2019, 5:59pm UTC](https://forum.mustachianpost.com/t/tax-optimisation-for-etf-investing/67/167 "2019-05-24T17:59:21Z")

</div>

> [@nabalzbhf](#):
>
> If I remember correctly LU doesn’t have the reduced withholding for US, so you lose 30% instead of 15%.

As I understand it, Luxembourg has a double taxation treaty with the U.S. that does provide for a [reduced withholding tax of 15% on U.S. dividends](http://taxsummaries.pwc.com/ID/United-States-Corporate-Withholding-taxes) - however the treaty provision crucially does [not apply to Luxembourgish _funds_](https://home.kpmg/content/dam/kpmg/lu/pdf/lu-en-withholding-tax-study-2018.pdf).

---

_[View the full topic](https://forum.mustachianpost.com/t/tax-optimisation-for-etf-investing/67)._