Posts tagged as:

Australia

The Oprah of Oz

18 September 2010

You get a car! And you get a car! Remember when Oprah gave out cars like other people give out refrigerator magnets and foam cup holders? Audience members were thrilled with her generosity – until they realized that they had to pay income tax on their newfound luck. That’s because there’s literally no such thing [...]

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Paul Hogan Calls IRS Officials “Gentlemen”

7 September 2010

A couple of weeks after Crocodile Dundee star Paul Hogan was detained in Australia over a multimillion dollar tax bill, he has been granted permission to leave the country. The 70 year old actor has been embroiled in a tax controversy with the Australian Tax Office (ATO) for five years. He recently returned to Oz [...]

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“Crocodile Dundee” Actor Investigated on 2 Continents

5 July 2008

Paul Hogan, who rose to prominence in the 1980s as “Crocodile Dundee”, feels pretty important these days. He is being pursued by the Australian Tax Office and the Internal Revenue Service for moneys allegedly owed. Hogan estimates that he has paid the ATO $100 million in tax. Yet, the ATO continues to pursue him – [...]

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It’s My Party and I’ll Get Drunk (Cheaply) If I Want To

29 May 2008

Australia is one of many countries taking aim at so-called “alcopops”, pre-mixed alcoholic drinks that tend to resemble sodas. Australia, like Germany before it, has imposed a tax increase on alcopops in an effort to decrease dangerous underage drinking. It is believed that underage drinkers tend to purchase more alcopops than older drinkers because of [...]

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Liechtenstein Inquiry Grows

27 February 2008

The crackdown on tax evaders who depend on Liechtenstein in order to shield income has escalated. Nine countries from the Organization for Economic and Co-operation Development (OECD), Britain, France, Italy, Spain, Canada, Sweden, the United States, Australia and New Zealand, have reportedly received and are examining information on Liechtenstein accounts from two banks. The Bundesnachrichtendienst [...]

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A Baby Tax in Australia?

10 December 2007

Maybe those couples who want more than two babies should pay for it. After all, each extra baby consumes more carbon emissions – and thus resources – during lifetime, right? Associate Professor Barry Walters thinks so. He believes that families should pay a $5000-plus “baby levy” at birth and an annual carbon tax of up [...]

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