The Beatles’ diary -- 19th April 1967

Wednesday, 19th April 1967

UK singles chart
  1. Somethin’ Stupid – Nancy Sinatra & Frank Sinatra
  2. Release Me – Engelbert Humperdinck
  3. Puppet On A String – Sandie Shaw
  4. A Little Bit Me A Little Bit You – The Monkees
  5. This Is My Song – Harry Secombe
UK albums chart
  1. The Sound Of Music – Original Soundtrack
  2. The Monkees – The Monkees
  3. Best Of The Beach Boys – The Beach Boys
  4. More Of The Monkees – The Monkees
  5. Four Tops Live – The Four Tops

The Beatles’ lawyer warned them that if they didn’t invest £2 million quick, then it would go straight to the taxman. So he advised them to start up a brand new company with their earnings (because corporate taxes were much lower than individual taxes). Alistair Taylor recalled: “He said, ‘Boys, there’s only one way you can reduce your tax bill, and that is if you put a plan forward by the 31st December, then you can get your tax reduced by about two shillings in the pound.’ So, we had to put our plans up. But we didn’t have to ‘follow’ the plan. All we had to do was put forward a legitimate business plan, and we could get our tax reduced. So, an executive board was formed, consisting of the four Beatles, Clive Epstein, Neil Aspinall, Pete Shotton, Peter Brown and myself.” Neil …

→  Read more in The Beatles: Day-by-Day, Song-by-Song, Record-by-Record



 
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