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Paul Hogan’s Settles with ATO

May 1, 2012 by rochelle in Lifestyle with 0 Comments

The tax problems of actor Paul Hogan have finally ended. After eight long years of discussions with the ATO, the Crocodile Dundee star has finally reached a settlement and subsequently ending his tax problems.

In a statement issued by the ATO, the agency said Paul Hogan an agreement has been reached on a ‘without admission’ basis. The agreement also includes lifting the Departure Prohibition Order against Hogan.

Artistic collaborator John Cornell was also involved in the tax disputes. The ATO chased the two for allegedly over $150 million of unpaid taxes and penalties. These covered taxes from as far back as 1980s.

In 2010, the actor was prevented by Australian authorities from leaving the country. That year, ATO was chasing Hogan for over $95 million in back taxes after a report released by ATO auditor Chris Seage.

The ATO also sought the help of the Internal Revenue Service in the United States, where Hogan and his family maintain a home.

Hogan furiously fought the ATO, remarking the agency is making him a scapegoat. He ranted that the ATO is out to crucify him to show the public that they are in power.

Hogan has been acting since 1980. In 1986, he was cast as Crocodile Dundee, a role that earned him a Golden Globe award. He has also dabbled in writing and producing, and has appeared in many British TV advertisements.

In 1985, Hogan received the Australian Award of the Year and also became a member of the Order of Australia.

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