Query on tax benefit.

Just completed my readings of LOS in AI. There i found written that, difference between mutual funds and exchange traded funds is the tax benefit involved in ETF’s but there was nothing given in support of this statement.

So, i will really appreciate if anyone can explain the tax benefit involved in ETF to me with an example and how both of these are taxed in actual trading.

Best regards.

P.S. - Tried searching the web but couldn’t find any helpful information.

Read this thread. http://www.analystforum.com/forums/cfa-forums/cfa-level-i-forum/91309420