Paul Hogan, better known here in the United States as the movie character Crocodile Dundee, is having his day in court on his alleged debt to the Australian tax collector.
Hogan's financial adviser, Tony Stewart (no, not the NASCAR driver) was the first to take the stand at a hearing to determine whether the actor an his manager, John Cornell, will face tax evasion charges.
Hogan, Cornell and Stewart have been under investigation by the Australian Tax Office since 2005. Oz tax officials allege that the trio used offshore accounts to avoid paying as much as $37 million in taxes on royalties made since the 1980s from the Crocodile Dundee films.
The tax component, however, could be the least of the three men's worries.
The Australian Crime Commission is part of the proceedings. Its investigators are looking into whether the more than 1,200 documents in the tax fraud case might be a foundation for subsequent criminal proceedings against Hogan and his business associates.
- Australian tax officials free Paul Hogan
- Tale of two tax defendants: Snipes' jailing delayed, Crocodile Dundee detained
- Crocodile Dundee to tax collectors: 'Come and get me'
- Celebrity tax troubles archive (Note: this item will be shown first; scroll down for all the alleged rich and famous tax scofflaw scoop)
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