KeatsConnelly Cross-Border Weekly Best of the Web 2014-5-30

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week’s selection includes a view on the IRS’s progress in combating offshore tax evasion, a piece on Warren Buffet’s latest shareholder letter and Charles Schwab speaking on index investing.

It is getting harder to hide money from Uncle Sam offshore (http://www.washingtonpost.com/) – Wealthy Americans used to have no shortage of places to hide their assets from tax collectors — Cayman Islands, Switzerland or Luxembourg. But that is starting to change. Government efforts to combat offshore tax evasion are making it harder for the well-off to dodge the Internal Revenue Service. Earlier this week, the Justice Department struck a plea agreement with Credit Suisse to turn over account information that federal prosecutors say will help them track down tens of thousands of U.S. tax cheats. The Swiss banking giant pleaded guilty to conspiring with its American clients to dupe the IRS, agreeing to $2.6 billion in fines…

Warren Buffett’s 2014 Shareholder Letter Provides Great Advice for Beginner Investors (http://www.20somethingfinance.com/) – Oh, if only Warren Buffett had a blog – for now, you’ll have to settle for me, and Buffett’s annual shareholder letters… A few days prior to the Berkshire Hathaway annual meeting where he releases said letters, Warren Buffett (quite arguably the greatest investor and businessman of all-time) gave a sneak peak of his 2014 shareholder letter with a few new nuggets of wisdom that each and every one of us can benefit from – from beginners to pros (although I think beginners can particularly benefit from it…

Schwab Founder: Indexing Is Not Passive (http://www.thinkadvisor.com/) – In rare media appearance, Charles Schwab gives indexing — both traditional and fundamental — an image makeover. Charles Schwab, founder of the investment firm bearing his name, decried the bad rap index funds get as “passive” investments, arguing that the commonly used nomenclature fails to capture the dynamic nature of the investment strategy. In a media call Thursday that was unusual for the chairman’s personal participation, Schwab emphasized that “nobody wants to be passive; indexing is not passive — much more goes into indexing than watching a stock become the next buggy whip…

Come back next week for more interesting news and articles. Enjoy your weekend!

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