Overview
Charles Lubar was interviewed about tax advantaged investment in the film industry. Mr. Lubar said that with such investments “there is a question of what is a tax shelter, as one man’s tax shelter may be another man’s prudent investment in a business transaction with certain tax advantages.” He urged investors to seek advice from experienced tax counsel because the current view of US and UK tax authorities is that “almost all of these transactions are ineffective and an abuse of the tax system.” Read the full article.