Simon Perlmutter and Dan Cohen formally opened the doors to their new firm this week.
The Harris Associates alumni, we hear, thought long and hard about the name, eventually alighting on something that neatly expressed the qualities they were keen to exhibit to clients – adaptability, flair and, um, cold-bloodedness? And so, Chameleon Real Estate was born. Except, it turned out that Chameleon Real Estate had actually been born some years before. Not because Cohen and Perlmutter had been thinking about it for years – though they have – but because a company with that name had already been registered on Companies House. With only a few hours to go before launch (we exaggerate, but not by much), a new and naturally better name was chosen – Tuatara. The name comes from another lizard, this time from New Zealand. But it is even cooler than a chameleon. Why simply blend in to your surroundings when you can be truly exceptional? You’d have to go back to the Jurassic period to find a relative of the tuatara, with its spiny crest, enhanced night vision, longevity and third eye. Wait, what? Yep, tuataras have a parietal third eye on top of their heads, only visible when young through a translucent patch on their scaly hides. It is because of this that the Maori regard them as symbols of perceptive and prophetic vision. Skills which probably would have helped Cohen and Perlmutter when coming up with the name in the first place!
A taxing question
Property professionals are among the worst tax evaders in the UK, new figures show. Research by RIFT Tax Refunds – which presumably shows you a better way to keep something back from the taxman – puts property professionals at number five in its list. Not as bad as those in construction or logistics, but worse, for instance, than those involved professionally in porn. It turns out that, since April 2010, a massive £3.3m in fines has been handed out by HMRC to people in the industry. Hang on – only £3.3m? And that makes it to the top five? Ah, yes. Because these figures tally those few people classed as “criminal”. The rest, we assume, were merely “careless”.
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