Sophisticated Tribal Tax Shelter Unraveled In Tax Court

Law360, New York (May 13, 2014, 5:48 PM EDT) -- The U.S. Tax Court on Tuesday unraveled a mysterious tax fraud scheme centered around a tiny Indian reservation in a remote corner of Utah, saying East Coast money man James Haber organized a tax shelter scheme through a company located on the tribe's land.

Judge Mark V. Holmes said that Haber organized The Markell Co. Inc. and a second company on Indian land as a part of a sophisticated tax shelter scheme, called a “Son of BOSS” transaction, and that Markell should therefore not receive over...
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