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'Crocodile Dundee' Star Says He Can't Afford Paying Back Taxes

Paul Hogan, star of the 'Crocodile Dundee' movies, says he can't afford to pay much of what the Australian Tax Office says he owes in back taxes.

Hogan has been barred from leaving Australia until he settles a multimillion dollar tax bill.

"I actually came out here at the request of the Australian Crime Commission at my own time and expense to assist them with their inquires," he said in an interview on the 'The Current Affair'.

"If I was a tax evader, which I'm not, I must be the dumbest one in the world, because they gave me five years notice that they have seized every piece of paper that my tax advisers and lawyers and accountants have ever had. I kept coming back here."

He said in the interview he's not as rich as people believe.

"I can't pay 10 percent of what they're asking. I know they're absolutely desperate to nail some high-profile character with money to justify the expense to the taxpayer."

The now 70-year-old actor, who lives in Los Angeles, had returned to Sydney earlier this month to attend the funeral of his mother. However, he was served with an Australian Taxation Office order on August 20 that now prevents him from leaving the country until he settles his tax bill.

Australian tax and crime investigators claim Hogan has been using offshore bank accounts to conceal earnings. Last month, they claimed that Hogan owed tax on at least 38 million Australian dollars ($34 million) in undisclosed income.

Hogan has denied any wrongdoing and disputes the tax bill.

August 31, 2010 |




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