From AAO Weblog
This in from Sydney, Australia via WebCPA: actor Paul Hogan, a.k.a. “Crocodile Dundee,” has been linked to an Australian investigation of tax fraud.
“According to the newspaper The Australian, a string of nearly two dozen companies associated with Hogan, his financial adviser Anthony Stewart and his artistic collaborator John Cornell, have been cited in federal court relating to an alleged $300-million fraud.
Hogan has repeatedly denied any problems with the Australian Taxation Office, writing to the same paper last year and saying that he was not under investigation for failing to disclose $40 million in offshore trusts. “You got me. Almost,” the paper quoted Hogan as saying. “The last problem I had with the ATO was in 1972 when they claimed I had fudged the overheads on my earnings from my pub chook raffles.”
“Fudged the overheads?” “Pub chook raffles?” Had a hard time understanding him in the movies; I’m not doing much better in print.
http://www.accountingobserver.com/blog/
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