How does the location of the exchange affect de dividend tax? If I buy my shares on the NYSE, does the dividend tax depend on the american law? Or does it always depend on french law since Total is a french company?
One could ask "why does it matter?" since in both country the dividend tax is 30%. The reason is simple: I'm from Belgium and US has a double taxation agreement with my country that France does not have.
By double taxation agreement I mean that instead of being taxed once at 30% in US and once again at 30% in Belgium, I'm only taxed at 15% in US and then at 30% in Belgium. Out of 1€ of dividend, I get 0,595€. In France, I'm taxed at 30% two times which leaves me with 0,49€ out of 1€ of dividend.
I've searched online but did not find anything on the subject.