Investors may get an unpleasant surprise when they invest in French stocks, even those listed overseas like U.S. The U.S ADRs of French companies are affected as well. There is a French Transaction tax of 0.3%. Is this hefty tax applicable to the sales of French securities as well? So, there will be a total transaction tax of 0.6%?
One more question. How can an investor whether a U.S ADR is a French company from its name? It will be good to place French securities on a lower priority due to this 0.3% French Transaction tax. There are plenty of alternatives elsewhere.