Many investors assume that their investments are correctly allocated to the most tax-efficient vehicles, or that tax efficiency is a non-factor compared to broader trends.
The biggest lure of Holdrs, however, may be tax efficiency.
One man's squalid profit is another's tax efficiency.
Another advantage of exchange funds is tax efficiency.
A little tax efficiency, however, could have gone a long way in 2000.
An offshore bank account lets you take advantage of the tax efficiency and enhanced confidentiality they provide.
"The benefits of E.T.F.'s -- lower costs and tax efficiency -- are benefits for long-term investors," he said.
But many large companies push into legal grey areas with aggressive strategies designed to increase "tax efficiency".
This leaves an impression that Procter's concern with tax efficiency outweighed a desire to more thoroughly understand Diamond.
He told us: "I do not reside in the UK, so I was advised to use a BVI company for legitimate tax efficiency".
