Cage Accused Of Tax Fraud
20 February 2008
Cage Accused Of Tax Fraud
Actor Nicolas Cage has been accused of using his production company to "wrongly write off $3.3 million (GBP1.65 million) in personal expenses".
The Face/Off star is fighting an Internal Revenue Service (IRS) payment after allegedly using his Los Angeles-based company, Saturn Productions, to pay for "limos, meals, gifts, travel", reports New York gossip column PageSix.com. However, a spokesman for the star says the items were "security needs".
Cage has filed a U.S. Tax Court lawsuit disputing $814,000 (GBP407,000) in taxes and penalties while Saturn is refusing to pay the IRS $988,000 (GBP494,000).
The Face/Off star is fighting an Internal Revenue Service (IRS) payment after allegedly using his Los Angeles-based company, Saturn Productions, to pay for "limos, meals, gifts, travel", reports New York gossip column PageSix.com. However, a spokesman for the star says the items were "security needs".
Cage has filed a U.S. Tax Court lawsuit disputing $814,000 (GBP407,000) in taxes and penalties while Saturn is refusing to pay the IRS $988,000 (GBP494,000).
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