For a couple reasons, I have never bought any stock in Total SA:
-The French government is a taxing nightmare. Last year, Total SA had a 55% income tax rate, and there is pending bills in the French legislature aimed at increasing Total SA’s tax burden even more.
-The foreign withholding tax on Total SA dividends is obnoxious to deal with, and is especially burdensome if you own your Total SA shares in a retirement account since you won’t be able to recoup the taxes that the French government chooses to levy upon your dividend checks.
Originally posted 2013-06-29 20:04:37.