Tax Relief

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Tax Relief

Sharp suits for Sean’s Accountants

007.jpg

Your secrets are safe with me, Mr Bond

It's not often that accountants make the showbiz news for anything other than a tax avoidance scandal, but a quirky payment method by James Bond star Sean Connery caught Tax Relief's eye.

Meg Simmonds, an archivist for Eon Productions, revealed in July that there are "virtually no" Bond costumes from the 1960s. She said this is because Connery, who played the iconic spy from 1962 to 1967, and again in 1971 and 1983, kept most of his suits for himself.

For keepsakes? For nostalgia? Well, not quite.

In an auction for the coat that Connery wore in Dr No, Simmonds found out that the vendor was in fact Connery's accountant, leading several news outlets to conclude that 007 was paying his accountant in sharp suits.

The Connery family has made the news on tax issues on more than one occasion, so it's unlikely that this small revelation will leave them shaken… or stirred.

Bishop bangs bag burglar

bishops.jpg

PwC’s security team get ready for a day guarding the office

A soon-to-be partner at Big 4 firm PwC took down an alleged burglar – while dressed as a bishop.

Max Lixingstone-Learmouth was taking part in a world-record attempt relay race when he heard someone shout "stop that man" at a suspected handbag thief, who he chased down over 100 metres before pinning him against a wall with his crosier.

"It's not your day if you've been run down by a bishop," Livingston-Learmouth told the man, who must have felt that God was not quite on his side that day.

Tax Relief recommends that next time he finds himself being chased down by a member of the clergy he runs in a straight line, rather than diagonally.

Eels, badger hair and anvils are off the American menu

Wile E Coyote will feel his chances of catching the Road Runner are getting even worse if a new round of 10% US tariffs on Chinese imports are imposed as planned in September.

The list includes a range of bizarre products including, unfortunately for the hapless cartoon character, anvils.

Here are some of the more interesting items on the list:

  • Badger hair for shaving brushes

  • Human hair

  • Manure spreaders

  • Bovine semen

  • Live eels, carp and other fish

  • Shark fins

  • Baseball gloves

  • Stroboscopes

  • Anvils and portable forges

  • Magnifying glasses

more across site & bottom lb ros

More from across our site

US partner Matthew Chen was named as potentially the first overseas PwC staffer implicated in the tax leaks scandal, in a dramatic week for the ‘big four’ firm
PwC alleged it has suffered identifiable loss and damage arising out of a former partner's unauthorised use of confidential information; in other news, Forvis Mazars unveiled its next UK CEO
Luxembourg saw the highest increase in tax-to-GDP ratio out of OECD countries in 2023, according to the organisation’s new Revenue Statistics report
Ryan’s VAT practice leader for Europe tells ITR about promoting kindness, playing the violincello and why tax being boring is a ‘ridiculous’ idea
Technology is on the way to relieve tax advisers tired by onerous pillar two preparations, says Russell Gammon of Tax Systems
A high number of granted APAs demonstrates the Italian tax authorities' commitment to resolving TP issues proactively, experts say
Malta risks ceding tax revenues to jurisdictions that adopt the global minimum tax sooner, the IMF said
The UK and what has been dubbed its ‘second empire’ have been found to be responsible for 26% of all countries’ tax losses by the Tax Justice Network
Ireland offers more than just its competitive corporate tax environment but a reduction in the US rate under a Trump administration could affect the country, experts tell ITR
The ‘big four’ firm was originally prohibited from tendering for government work until December 1 due to its tax leaks scandal, but ongoing investigations into the matter have seen the date extended
Gift this article