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(Forbes)   That's not a tax problem. THIS is a tax problem   (forbes.com) divider line 42
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12242 clicks; posted to Entertainment » on 07 May 2012 at 1:16 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-07 12:23:15 AM  
I see you've played knifey-taxey before
 
2012-05-07 12:33:27 AM  
Its gotta suck to be at your mom's funeral when the Tax man arrives and won't let you leave.
 
2012-05-07 01:24:17 AM  
Time to call my member of parliament
 
2012-05-07 01:25:00 AM  
Nicolas Cage problems
 
2012-05-07 01:30:48 AM  
Holy shiat, I just learned Crocodile Dundee made $328,203,506 at the Box Office.

Adjusted for inflation it made around 700,000,000 in 2012 dollars!!!

JESUS!! That's incredibly popular :O
 
2012-05-07 01:37:23 AM  

rocky_howard: Holy shiat, I just learned Crocodile Dundee made $328,203,506 at the Box Office.

Adjusted for inflation it made around 700,000,000 in 2012 dollars!!!

JESUS!! That's incredibly popular :O


No shiat, and that was back in the 80's when movies cost like 4 bucks.
 
2012-05-07 01:41:06 AM  
He's in danger of getting the boot!

At least he doesn't have to worry about sharing a cell with Wesley Snipes.
 
2012-05-07 01:43:47 AM  

ReapTheChaos: rocky_howard: Holy shiat, I just learned Crocodile Dundee made $328,203,506 at the Box Office.

Adjusted for inflation it made around 700,000,000 in 2012 dollars!!!

JESUS!! That's incredibly popular :O

No shiat, and that was back in the 80's when movies cost like 4 bucks.


And to make that movie it probably only cost about a couple million to make. So super profit, hence we got a trilogy out of it.
 
2012-05-07 01:48:09 AM  
'E's about to get a bond wizard right up the ol' malonga gilderchuck. Chuzzwazzer.
 
2012-05-07 01:51:39 AM  

Raktastic: And to make that movie it probably only cost about 10 million. So super profit, hence we got a trilogy out of it.


I should have RTFA
 
2012-05-07 01:54:29 AM  

Raktastic: ReapTheChaos: rocky_howard: Holy shiat, I just learned Crocodile Dundee made $328,203,506 at the Box Office.

Adjusted for inflation it made around 700,000,000 in 2012 dollars!!!

JESUS!! That's incredibly popular :O

No shiat, and that was back in the 80's when movies cost like 4 bucks.

And to make that movie it probably only cost about a couple million to make. So super profit, hence we got a trilogy out of it.


It said 10 million to make, which seems like a lot back in those days. Haven't seen that movie in a long-ass time, but I don't recall any special effects or long action sequences that would account for that sum, I guess the actors must have made most of that.
 
2012-05-07 01:56:29 AM  
Goddamn tax man. Terry Crewes is okay, but the Expendables (1 and 2) needed Wesley Snipes so goddamn much.
 
2012-05-07 01:59:29 AM  
$150 million Australian in back taxes and penalties? $20 American should cover that, easily.
 
2012-05-07 02:09:38 AM  
Sorry, we don't accept worthless American pesos in Australia.

http://www.xe.com/ucc/convert/?Amount=1&From=AUD&To=USD
 
2012-05-07 02:11:43 AM  
He doesn't need a lawyer, he's got a Donk.
 
2012-05-07 02:13:37 AM  
Why the fark just not pay what you owe?
 
2012-05-07 02:16:17 AM  

ReapTheChaos: It said 10 million to make, which seems like a lot back in those days. Haven't seen that movie in a long-ass time, but I don't recall any special effects or long action sequences that would account for that sum, I guess the actors must have made most of that.


Possibly filming in 2 countries could have used a good chunk of the budget.
 
2012-05-07 04:15:12 AM  

Strongbeerrules: $150 million Australian in back taxes and penalties? $20 American should cover that, easily.


the aussy dollar is stronger than the greenback at the mo, so you'll need a bit more than a twenty
 
2012-05-07 04:24:48 AM  

Strongbeerrules: $150 million Australian in back taxes and penalties? $20 American should cover that, easily.


Except for the fact that the Aussie dollar is worth more than the US one, sure.
 
2012-05-07 04:45:44 AM  
 
2012-05-07 04:48:38 AM  

Raktastic: Possibly filming in 2 countries could have used a good chunk of the budget.


Filming in Australia was dirt cheap at the time (see the Mad Max series) and back in the 1980s, Woody Allen was making movies in Manhattan for $5 million apiece.
 
2012-05-07 04:59:01 AM  
harm dealer: Sorry, we don't accept worthless American pesos in Australia.

http://www.xe.com/ucc/convert/?Amount=1&From=AUD&To=USD


Not terribly secure, are you?
 
2012-05-07 05:07:12 AM  

ComicBookGuy: harm dealer: Sorry, we don't accept worthless American pesos in Australia.

http://www.xe.com/ucc/convert/?Amount=1&From=AUD&To=USD

Not terribly secure, are you?


I like how his anti-U.S. insult also implicitly insults Latin America. "I'll use the word peso just to make it even MORE insulting! 'Cause Latin countries are poor and backwards, hurr hurr!"

What an odd turn this thread has made into a nation penis measurement contest.

/Welcome to Fark, I guess
 
2012-05-07 05:09:19 AM  
Crikey!
 
2012-05-07 05:55:06 AM  

DjangoStonereaver: I love the movie, but his is my favorite part.(PNSFW)


Vid is even better

Link
 
2012-05-07 07:36:18 AM  

ReapTheChaos: rocky_howard: Holy shiat, I just learned Crocodile Dundee made $328,203,506 at the Box Office.

Adjusted for inflation it made around 700,000,000 in 2012 dollars!!!

JESUS!! That's incredibly popular :O

No shiat, and that was back in the 80's when movies cost like 4 bucks.


And a dime bag only cost a dime! Not that I would know anything about that.
 
2012-05-07 08:07:46 AM  

ReapTheChaos: It said 10 million to make, which seems like a lot back in those days. Haven't seen that movie in a long-ass time, but I don't recall any special effects or long action sequences that would account for that sum, I guess the actors must have made most of that.


In a bizarre fit of nostalgia (yes, alcohol was a factor) I saw that movie again a few weeks back. And I realized that once the setting moves to New York, practically nothing of any plot significance happens. The movie basically gives us a few "naive country boy in the city" gags and a bunch of scenes where people tell us what a great bloke Paul Hogan's alter ego is, and how everybody whose life he touches is the better for it. Huh.
 
2012-05-07 08:31:10 AM  
pay your taxes, people on welfare are depending on you!!!
 
2012-05-07 08:32:51 AM  

czetie: ReapTheChaos: It said 10 million to make, which seems like a lot back in those days. Haven't seen that movie in a long-ass time, but I don't recall any special effects or long action sequences that would account for that sum, I guess the actors must have made most of that.

In a bizarre fit of nostalgia (yes, alcohol was a factor) I saw that movie again a few weeks back. And I realized that once the setting moves to New York, practically nothing of any plot significance happens. The movie basically gives us a few "naive country boy in the city" gags and a bunch of scenes where people tell us what a great bloke Paul Hogan's alter ego is, and how everybody whose life he touches is the better for it. Huh.


I love that movie to death (I used to wear a leather vest and a Crocodile
Dundee stetson), but I have to say that your assessment is pretty spot on.
If it had ended with Mick getting on the subway and really going walk-about
to set up a sequel, that might have led to an interesting sequel.

But, if you look at the movie as an updating of PETER PAN, it plays a little better.
 
2012-05-07 09:06:41 AM  

A Terrible Human: Why the fark just not pay what you owe?


When you pay taxes in multiple countries figuring out what you "owe" can be difficult.

That difficulty can also be exploited and I'm guessing that's what we have here.
 
2012-05-07 09:10:20 AM  

DjangoStonereaver: I love that movie to death (I used to wear a leather vest and a Crocodile
Dundee stetson), but I have to say that your assessment is pretty spot on.
If it had ended with Mick getting on the subway and really going walk-about
to set up a sequel, that might have led to an interesting sequel.

But, if you look at the movie as an updating of PETER PAN, it plays a little better.


One of the odd things about the movie is that it is so gosh-darned likeable that at the time you're watching it, you really don't notice that not much happened (unlike certain more recent rom-coms that you know are just marking time until Act 3). I saw it in a theater when it was first released and definitely wasn't disappointed at the time.

As for a sequel: Yes. The first movie never really gets to grips with its central external problem (is there anywhere on earth Sue and Mick can both be happy?). An interesting idea would have been for Mick to have headed out west to, say, Monument Valley where the land reminds him of home and the Navajo people welcome him in after he proves his mettle in a series of amusing and exciting adventures. Sue comes looking for him, learns about the problems native Americans still face, and together they work to advocate for native rights, dividing their time between New York and the West.

Or they could, you know, go with a generic action thriller with kidnappings, drug dealers, and still not addressing the central external problem.
 
2012-05-07 09:13:39 AM  

Raktastic: And to make that movie it probably only cost about a couple million to make. So super profit, hence we got a trilogy out of it.


Things I learned from this thread --

1. There was a third Crocodile Dundee movie
2. Paul Hogan is still alive
3. And he apparently has income
 
2012-05-07 09:28:21 AM  

rocky_howard: Holy shiat, I just learned Crocodile Dundee made $328,203,506 at the Box Office.

Adjusted for inflation it made around 700,000,000 in 2012 dollars!!!

JESUS!! That's incredibly popular :O


I just learned there was a second sequel. Had to hit IMDB to see wtf it was (looks like a pathetic money grab).
 
2012-05-07 10:09:53 AM  

Carousel Beast: rocky_howard: Holy shiat, I just learned Crocodile Dundee made $328,203,506 at the Box Office.

Adjusted for inflation it made around 700,000,000 in 2012 dollars!!!

JESUS!! That's incredibly popular :O

I just learned there was a second sequel. Had to hit IMDB to see wtf it was (looks like a pathetic money grab).


I actually liked Dundee 2 more than 1. 3rd one was shiat.
 
2012-05-07 10:33:59 AM  

weapon13: Carousel Beast: rocky_howard: Holy shiat, I just learned Crocodile Dundee made $328,203,506 at the Box Office.

Adjusted for inflation it made around 700,000,000 in 2012 dollars!!!

JESUS!! That's incredibly popular :O

I just learned there was a second sequel. Had to hit IMDB to see wtf it was (looks like a pathetic money grab).

I actually liked Dundee 2 more than 1. 3rd one was shiat.


I actually saw it in the theatre and though its hard to hate Paul Hogan, it really
was too little too late. And though I hate to point it out, the years were not
kind to Linda Kozloski, who obviously had waaaay too much botox.

Funny story about it, though: at the time Paul Hogan was the spokesman for
the Subaru Outback, and at the same time the movie came out my mom was
shopping for a new car, and she settled on a Subaru Impreza. She said that
she had hoped it would come with Paul Hogan, and given my own younger
self's fascination (given that I wore a leather vest & plastic tooth-adorned
stetson for years after I saw the movie), it was really rather an oddly disturbing
Oedipal moment for me to think that mom found him attractive.

But, back in the day, he was rather a well put together bloke.....
 
2012-05-07 10:44:00 AM  

ReapTheChaos: rocky_howard: Holy shiat, I just learned Crocodile Dundee made $328,203,506 at the Box Office.

Adjusted for inflation it made around 700,000,000 in 2012 dollars!!!

JESUS!! That's incredibly popular :O

No shiat, and that was back in the 80's when movies cost like 4 bucks.



It made 328 mil worldwide. Domestic, it made 174 mil, which is around 361 mil adjusted and puts it at #108 on the all-time inflation-adjusted list.

107 Transformers P/DW $363,328,100 $319,246,193 2007
108 Crocodile Dundee Par. $361,765,200 $174,803,506 1986

So yeah it was a big hit, but much closer to Transformers than Avatar.
 
2012-05-07 10:49:18 AM  

ReapTheChaos: It said 10 million to make, which seems like a lot back in those days. Haven't seen that movie in a long-ass time, but I don't recall any special effects or long action sequences that would account for that sum, I guess the actors must have made most of that.


It was shot extensively in New York City -- NYC is a very expensive place to make movies. That's why the city and state has been offering all kinds of tax incentives over the last decade to keep film production here.

There also could have been some kind of last minute reshoot or delay to production that drove up the cost.
 
2012-05-07 11:31:00 AM  

A Terrible Human: Why the fark just not pay what you owe?


Because in this case he's getting taxed on the same income in two different countries. There also seems to be some grey area concerning what earnings that each country has rights to (of course they want the max amount in both even if it's BS). Sounds like he's current in the US but doesn't feel like writing a 150 million dollar check to the down-under. I would feel like writing that check either. Only real mistake he made was going back to the country.
 
2012-05-07 11:33:28 AM  

xtragrind: A Terrible Human: Why the fark just not pay what you owe?

Because in this case he's getting taxed on the same income in two different countries. There also seems to be some grey area concerning what earnings that each country has rights to (of course they want the max amount in both even if it's BS). Sounds like he's current in the US but doesn't feel like writing a 150 million dollar check to the down-under. I would feel like writing that check either. Only real mistake he made was going back to the country.


This is another situation OWS are ignorant of.
 
2012-05-07 01:43:04 PM  

Christian Bale: ReapTheChaos: rocky_howard: Holy shiat, I just learned Crocodile Dundee made $328,203,506 at the Box Office.

Adjusted for inflation it made around 700,000,000 in 2012 dollars!!!

JESUS!! That's incredibly popular :O

No shiat, and that was back in the 80's when movies cost like 4 bucks.


It made 328 mil worldwide. Domestic, it made 174 mil, which is around 361 mil adjusted and puts it at #108 on the all-time inflation-adjusted list.

107 Transformers P/DW $363,328,100 $319,246,193 2007
108 Crocodile Dundee Par. $361,765,200 $174,803,506 1986

So yeah it was a big hit, but much closer to Transformers than Avatar.


Nobody cares about "Domestic" only.
 
2012-05-07 06:41:20 PM  
Why doesn't his big brother Hulk help him out?
 
2012-05-07 08:38:29 PM  

xtragrind: A Terrible Human: Why the fark just not pay what you owe?

Because in this case he's getting taxed on the same income in two different countries. There also seems to be some grey area concerning what earnings that each country has rights to (of course they want the max amount in both even if it's BS). Sounds like he's current in the US but doesn't feel like writing a 150 million dollar check to the down-under. I would feel like writing that check either. Only real mistake he made was going back to the country.


IANA tax lawyer, but that's not (usually) how it works.

The US and Australia have a Double Taxation treaty. For a US citizen, you owe US taxes regardless of where you live or earn but if you also pay taxes in another country, e.g. your country of residence is Australia, you can offset the taxes already paid from your US tax liability. Since the US has lower taxes than most of the countries it has treaties with (so stop whining, teabaggers), that usually means you don't owe anything in the US (although you still have to file to prove it).

Australia has a system more like the British one: you only owe tax in Australia if you are "resident" or you have Australian income. If you live and earn overseas, you don't owe Australian tax. As above, though, any tax Hogan had paid in the US would be offset against his Australian tax bill. That's the Double Taxation part.

But what doesn't happen is that you get taxed twice on the same income; nor does the question of what income each country "has rights to" normally come up. Both countries calculate your tax bill based on your total earnings, and you end up paying the larger of the two tax bills. For example, if Hogan owed $150M under the Australian system and $100M under the US, then depending on the details of his situation he would either end up paying $100M to the US and the remaining $50M to Australia; or nothing to the US and $150M to Australia.

Anyway, if I had to take a guess I'd hazard that the AUS$150M number being bandied around is purely to intimidate, and based on ignoring tax he's already paid in the US. What is probably in dispute is whether he owes anything on top of his US taxes to Australia, which would depend on whether or not he was a "resident" of Australia at the time the income was earned, and which could readily be in dispute, as the rules have some room for interpretation (for example, if you spend more than half the year in Australia, but don't consider it your "usual home" you can claim to be non-resident and exempt from Australian tax).
 
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