Tweedy, Browne Company LLC's handbook, Investing For Higher After-Tax Returns: Lessons for Tax-Paying Investors from Warren Buffett, Index Funds, the Best-Performing Stocks over an 18-year Period, and Our Own Experience discusses the best way for investors to go about minimizing their tax bills by only trading when necessary.
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Tax planning and tax-efficient investing are critical factors in any investment strategy. Reducing your tax bill through intelligent planning and making the most tax-free allowances can dramatically improve your investment returns over time, especially for investors who live and work in high tax regions. And according to Tweedy, Browne's research, the best way to minimize capital gains taxes is to trade only when necessary and invest for the long-term. As

