Full agreement. I'm double-taxed in Germany and the US. I don't have a residency in the US (so I cannot vote but still get taxed, nice!) so I'm completely unable to buy VFIAX or any other fund from the US. I cannot but them over an EU brokerage, either, because US ETF and its ilk violate European transparency laws. I can buy EU-domiciled funds, but those are treated as PFIC in the US with prohibitive taxation. I relegated myself to an old-school dividend growth investment scheme and it's financially working out much better than I anticipated but still, I'd like to have a core of a stupid ACWI tracker.