gianni76
Forumer storico
Aggiungo che per curiosità mi sono letto i Final Terms.
Incredibilmente c'è inserito un paragrafo (che sembra generico e ricopiato da altri certificati con sottostanti esteri) che parrebbe introdurre la possibilità arbitraria per i Witholding Agents di trattenere sta famosa extra tassa del 30%, anche se all'inizio la esclude....
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Section 871(m) Withholding Tax The U.S.
Treasury Department has issued regulations under which amounts paid or deemed paid on certain financial instruments that are treated as attributable to U.S.-source dividends could be treated, in whole or in part depending on the circumstances, as a "dividend equivalent" payment that is subject to tax at a rate of 30 per cent. (or a lower rate under an applicable treaty). We have determined that, as of the issue date of the Certificates, the Certificates will not be subject to withholding under these rules. In certain limited circumstances, however, it is possible for United States alien holders to be liable for tax under these rules with respect to a combination of transactions treated as having been entered into in connection with each other even when no withholding is required. United States alien holders should consult their tax advisor concerning these regulations, subsequent official guidance and regarding any other possible alternative characterisations of their Certificates for United States federal income tax purposes. See "United States Tax Considerations – Dividend Equivalent Payments" in the Base Prospectus for a more comprehensive discussion of the application of Section 871(m) to the Certificates.
Classification for U.S. Tax Purposes
We have determined that there is a material risk that the Certificates will not be treated as a debt instrument, but will rather be treated as a forward or derivative contract, for United States federal income tax purposes. In light of this possibility, we intend to treat the Certificates in the manner described under "United States Tax Considerations − Securities Issued by GSFCI − Securities that are not Classified as - 23 - Debt for United States Tax Purposes" in the Base Prospectus. If the Certificates bear periodic coupons, then, due to uncertainty regarding the U.S. withholding tax treatment of coupon payments on Certificates that are not treated as debt, it is expected that withholding agents will (and we, if we are the withholding agent, intend to) withhold on coupon payments on the Certificates at a 30 per cent. rate or at a lower rate specified by an applicable income tax treaty under an "other income" or similar provision. We will not make payments of any additional amounts in respect of such withholding tax. You should consult your own tax advisor regarding the U.S. tax consequences of purchasing, holding and disposing of the Certificates
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Sarebbe a questo punto utile identificare in quali final terms di certificati ci sono queste assurde clausole.
Se si tratta solo di Goldman Sachs, allora va tagliato fuori da qualunque scelta SUBITO.
Ribadisco che questo è un certificato emesso in italia con monosottostante italiano (ENI) ed è totalmente assurdo che si introduca una tale arbitrarietà di comportamento giustificato nei Final Terms.
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