Actions éligibles au PEA cotées en devises étrangères

Gain ce jour de 7% pour Corporacion America Airports qui annonce des trimestriels supérieurs aux attentes :

Corporacin Amrica Airports S.A. annonce ses rsultats pour le troisime trimestre et les neuf mois termins le 30 septembre 2022 | Zone bourse

Nous prenons 48% en YTD sur ce dossier éligible au PEA.

Déontologie : je détiens une position acheteuse/vendeuse sur une ou plusieurs société(s) listée(s) dans ce message.

LINDE va bientôt arrêter sa cotation à la bourse de Francfort.

Linde va bientôt quitter la bourse de Francfort

D’après moi, ça ne lui retire pas son éligibilité au PEA, son siège social restant, à priori, en Irlande.

Source sur le site de la société.

Édit : correction orthographe.

Déontologie : je détiens une position acheteuse/vendeuse sur une ou plusieurs société(s) listée(s) dans ce message.

Linde plc est fiscalement résidente au Royaume-Uni, où elle paye ses impôts, c’est donc hors UE et hors PEA.

Form  DEFM14A    LINDE PLC

Like Linde, New Linde will be incorporated in Ireland and its principal corporate tax domicile will be in the United Kingdom.

Linde’s principal executive offices are located at Forge, 43 Church Street West, Woking, Surrey GU21 6HT, United Kingdom and at 10 Riverview Drive, Danbury, Connecticut 06810, United States.

Efficient Tax Structure Makes Linde An Even More Attractive Dividend Stock (NYSE:LIN) | Seeking Alpha

The reason why Linde plc manages to pay dividends with no withholding tax is that it is a resident of the United Kingdom, which does not levy withholding tax on dividends paid to foreign shareholders.

It looks trivial, but it really is not. With such structure post-merger, Linde plc is heavily engaged with four countries:

    The United States, where Linde has the former Praxair Inc. headquarters (Danbury, Connecticut).
    Germany, where Linde has the former Linde AG headquarters (Munich, Germany).
    Ireland, where it is incorporated.
    The United Kingdom, where it has its tax residence.

How come does Linde manage that its dividends be taxed, or better not be taxed, only in the U.K.?

Here comes the tax engineering.

Irrespective of how many countries a multinational corporation carries on business, it is only one country that has the right to tax the dividends. Usually, that is the country where the company is incorporated.

Yet international taxation states that the real residence is where the company has its physical headquarters. Generally, that should be the same country.

Due to a web of regulation and case law in Europe, certain countries allow companies that incorporate according to their laws to have their physical headquarters in another country. Ireland is one of those (the Netherlands is another example).

Contrairement à ce qu’annonçait Linde, le dividende versé par la nouvelle action a été amputé d’une retenue à la source de 15% ( et indiqué comme étant une "US Tax" )

Q: Will there be any Irish or U.K. withholding tax on any dividends on New Linde ordinary shares?

A: The same dividend withholding tax treatment will apply to the payment of dividends on New Linde ordinary shares as currently applies to Linde shareholders.
Dividend payments may be made by New Linde (as currently by Linde) without withholding or deduction for or on account of Irish and U.K. income tax.

For further discussion, see “Material Tax Considerations Relating to the Reorganization—Irish Tax
Considerations” and “—U.K. Tax Considerations,” respectively.

https://investors.linde.com/-/media/lin … etings.pdf

Dividends on New Linde ordinary shares

A non-U.S. holder generally will not be subject to U.S. federal income or withholding tax on dividends from New Linde unless:
(1) the dividends are effectively connected with the holder’s conduct of a trade or business in
the U.S. (or, if a tax treaty applies, the dividends are attributable to a permanent establishment or fixed place of business maintained by the non-U.S. holder in the U.S.);
or
(2) such non-U.S. holder is subject to backup withholding.

Oblible, le 30/03/2023 a écrit :

Contrairement à ce qu’annonçait Linde, le dividende versé par la nouvelle action a été amputé d’une retenue à la source de 15% ( et indiqué comme étant une "US Tax" )

Q: Will there be any Irish or U.K. withholding tax on any dividends on New Linde ordinary shares?

A: The same dividend withholding tax treatment will apply to the payment of dividends on New Linde ordinary shares as currently applies to Linde shareholders.
Dividend payments may be made by New Linde (as currently by Linde) without withholding or deduction for or on account of Irish and U.K. income tax.

For further discussion, see “Material Tax Considerations Relating to the Reorganization—Irish Tax
Considerations” and “—U.K. Tax Considerations,” respectively.

https://investors.linde.com/-/media/lin … etings.pdf

Dividends on New Linde ordinary shares

A non-U.S. holder generally will not be subject to U.S. federal income or withholding tax on dividends from New Linde unless:
(1) the dividends are effectively connected with the holder’s conduct of a trade or business in
the U.S. (or, if a tax treaty applies, the dividends are attributable to a permanent establishment or fixed place of business maintained by the non-U.S. holder in the U.S.);
or
(2) such non-U.S. holder is subject to backup withholding.

Finalement IB a remboursé les retenues à la source donc je confirme que le dividende de Linde ne subit aucune taxation US/IE/UK, information confirmée par leur service de la relation avec les investisseurs, que j’avais contacté.

Hi,

The company does not withhold taxes for shareholders, it’s your bank or brokerage firm.  I’d suggest reaching out to them to understand why they’re withholding this tax.

Best regards,

Juan C. Pelaez
Investor Relations