- 13 -
Eisner & Co. as the partner in charge of the tax department. In
1977, Becker founded Becker Co.
Becker had considerable experience with tax shelter
transactions before he organized the SAB recycling partnerships.
He prepared opinions regarding tax shelters' economic and tax
projections, advised individuals and companies with respect to
investments in tax shelters, lectured extensively about tax
shelter investments generally, and lectured and published with
respect to leveraged tax shelters.7 Becker Co. specialized in
tax advantaged investments. From 1980 to 1982, approximately 60
percent of the work done by Becker Co. involved tax sheltered and
private investments. Becker has owned minority interests in
general partners of numerous limited partnerships. Prior to
organizing the SAB recycling partnerships, Becker was a 5-percent
owner of the general partner of partnerships involved in
approximately 14 transactions involving river transportation
(such as barges, tow boats, and grain elevators).
7 Becker described a leveraged tax shelter as "a transaction
where [the ratio of] the effective [tax] writeoff, which includes
the value of the tax credit, * * * [to the amount invested]
exceeds one to one."
Page: Previous 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 NextLast modified: May 25, 2011