Why does "IE" start the code of so many European ETFs?
€10,000 in MSCI World brings about €92 a year of US dividends (1.28% yield, 71.5% US).
The US keeps 30% of that by default: €27. For an Irish fund, a treaty cuts it to 15%: €14.
Ireland adds no tax of its own on the fund.
The catch: €14 is still gone each year, almost as much as a €20 fee, and you still pay your own tax.
Did you check where your ETF lives?
Education, not investment advice.
