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To: E. Pluribus Unum

Of course I know the song, but taxes had nothing to do with their breakup.


39 posted on 11/26/2021 7:07:55 PM PST by KevinB (''...and to the Banana Republic for which it stands ...")
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To: KevinB
I am sure it was a lot of things, but taxes played a part.

https://taxfoundation.org/beatles-friend-taxes-helped-break-them

First told to give away vast amounts to avoid tax bills — which they did in a series of madcap ventures, offering money to any old person who dropped by with a demo tape — then told they had to make £120,000 in order to keep just £10,000. Soon their finances were in chaos and their energy sapped, as nutters beseiged Apple HQ pressing tapes on them. They also ran a clothes shop as a tax dodge.

https://www.grunge.com/247829/the-break-up-of-the-beatles-explained/

The greatest source of financial strain upon the Fab Four in the late '60s and early '70s was the company they co-owned together, Apple Corps. Originally set up in 1967 by Brian Epstein as a way, quite frankly, of avoiding tax, the company became a constant source of difficulty for the group.

40 posted on 11/26/2021 7:18:27 PM PST by E. Pluribus Unum ("Communism is not love. Communism is a hammer which we use to crush the enemy." ― Mao Zedong)
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