Unexpected return to EU from Switzerland: VT vs VWCE

[realizer]

@yunella Well if you take into account that in Italy you would be taxed 40% instead of 26% I think it makes a good difference.

The performance of VWCE is slightly higher than VT afaik also.

 

[yunella]

@realizer Why the 40%? On capital gains and dividends it's 26% if I recall correctly, it's not tied to the tax band you have (eg. with your salary as an employed), am I getting this wrong?

 

[realizer]

@yunella There is double taxation for US stocks see here: https://it.quora.com/Quanto-pago-di...empio-S-P500-come-residente-fiscale-in-Italia it’s actually 41%.

 

[yunella]

@realizer I definitely missed this piece of info, thanks!

I guess VWCE it is, if I actually go back to Italy

 

[caspet]

@c4ccheyenne If you think you‘re going to find something else and stay here then definitely invest in VT. If you‘re going back to Italy then VWCE it is.

 

[yunella]

@caspet Thanks for the suggestion, have you run the numbers as well or it's just on a practicality /personal preference?

 

[caspet]

@yunella The TER is lower and you can claim back the withholding tax -> which is definitely worth it with potentially 100k invested - obviously only if you stay here.

 

[johnyjohnjohnjoseph]

@c4ccheyenne If you return to Italy VWCE, if you stay in Switzerland vt. Io cercherei un altro posto di lavoro se non lo trovo torno in Italia. Adesso tienili liquidi e investi dopo.

 

[letthrmusixsaveyourlife]

@c4ccheyenne That’s really tricky because actually you would need to declare the account end of the year, for this year.

Informations are automatically transfered to swiss authorities.

Any transfer of >9.999.- to switzerland can be subject to a financial control.

You should first ensure that you don’t get in any tax difficulty.

Pay attention to withdrawl limits, CH Banks are usually 1% from 50.000.- or 3 months waiting time.
You risk to have to withdraw earlier when you move back.

Also no idea on possible taxes once you wire it again to italy.