New Feature - Allow Manual Dividend Witholding Tax Per Country
Allow for you to choose the dividend withholding tax % on a per country basis otherwise the automatic cash feature is useless. I live in a country with 0% withholding tax however it has very few tax treaties. This means the dividend tax I am subject to is based upon where the company is. However, Yahoo is automatically applying a 15% tax rate for the US even though I am taxed at 30%. This is causing my cash position to be entirely wrong and therefore my portfolio is too.
Jacob Bisson
shared this idea
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Murtadha A
commented
I totally agree with you Jacob.
The total return on the position is incorrect as it does not account for dividend tax that my dividends are subject to. Subsequently, this missing feature overestimates my portfolio's cash position and therefore, overall return on the portfolio.