Posts Tagged ‘“Crocodile” Dundee’

Hogan Settles with Australian Tax Office

April 30th, 2012 No comments

Back in August I wrote about Paul Hogan and his ongoing spat with the Australian Tax Office. Hogan played Mick Dundee in the 1986 hit film “Crocodile” Dundee.

The Australian is reporting Hogan and artistic collaborator John Cornell have finally settled their tax dispute. “It will be nice not to talk about tax all the time,” Hogan told the local paper.

Speak for yourself, Dundee.

Kidding aside, the settlement reached will be kept in confidence.

Hogan’s lawyer did reveal the Departure Prohibition Order issued against Hogan has been revoked. In 2010, Hogan returned to his homeland to attend his mother’s funeral. While he was there, Australian authorities issued the restraining order against him in an attempt to collect on back taxes.

Hogan was among many high-profile targets of Project Wickenby, a multi-agency investigation launched in 2004 seeking to uncover offshore structures shielding large amounts of income from taxation.

Hogan has maintained his innocence. For a while, the Dundee bravado in him was on display during the investigation, as Hogan stated he’d be happy to settle if authorities paid him $10 million Australian. (Today, $1 Australian converts to $1.0425 US.)

At 72 years young, Hogan appears to have finally succumbed to pragmatism.

The Pen Is Mightier Than the Knife

August 19th, 2011 No comments

Trivia question: In what movie is this dialogue heard?

Teenage Mugger: [Man and woman are approached by a black youth stepping out from the shadows, followed by some others] You got a light, buddy? 
: Yeah, sure kid.
[reaches for lighter
Teenage Mugger
: [flicks open switchblade] And your wallet! 
: [guardedly] Give him your wallet.
: [amused] What for? 
: [cautiously] He’s got a knife. 
: [chuckles] That’s not a knife.
[he pulls out a large bowie knife]
: THAT’s a knife.
[Man slashes the teen mugger’s jacket and maintains eyeball to eyeball stare
Teenage Mugger
: S**t!
[he and his friends run off
: [to Woman] Just kids having fun. You all right? 
: [relieved] I’m always all right when I’m with you.

Released in 1986, “Crocodile” Dundee was an immediate hit. The film starred the likable Paul Hogan, who also co-wrote the screenplay. As much as those on the good side of his character Mick Dundee felt safe and secure, Hogan himself feels anything but these days.

Reported in a feature story by The Australian, Hogan has been heavily connected to a tax fraud investigation by Australian authorities known as Project Wickenby. The operation is cited as the largest tax investigation ever in Australia. After six years of efforts, Australian authorities announced that Hogan would not be pursued criminally.

That didn’t stop the pursuits of the Australia Tax Office, who assert Hogan owes a fortune. Allegedly, Hogan channeled income earned from “Crocodile” Dundee and other films into offshore tax havens without reporting it.

Less than a year ago, Hogan traveled into Australia to attend the funeral of his mother, who passed at the age of 101. As if grieving for his loss wasn’t difficult enough, Hogan was issued a departure restraining order during his visit that prevented him from leaving the country unless he became square with his taxes.

Although Hogan reached an agreement with authorities to enable him to leave the country, the order is still in place. And he’s not happy. In fact, The Australian article indicates garnishee notices have been issued to payers of Hogan’s income in order to collect on his back taxes.

It’s a tumbling fall for the 1985 Australian of the Year, and he hasn’t hesitated to publicize his bitterness towards it. Unfortunately, that strategy is unlikely to help him come to agreeable terms with the Australian taxman and move on with his life.

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