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‘Avatar’ Film Funding Firm Backed by David Beckham, Sacha Baron Cohen Wins $975 Million Tax Avoidance Case Against HMRC
K.J. Yossman The Ingenious Group, which ran a film investment firm backed by entertainment industry figures including David Beckham, Sacha Baron-Cohen and “Harry Potter” producer David Hayman, has won a £700 million ($975 million) appeal against Her Majesty’s Revenue and Customs (HMRC).The case dates back to the early 2000s when something called “sideways loss relief” was still permitted.