Saturday, August 20, 2005


It's taken nearly eight years for the investigations into Michael Hutchence's finances to conclude that he was actually not worth very much at all. Before he tied himself up and died, he'd also tied all his property and earnings up in tax-dodging front companies and tax avoiding trust funds. And so effectively had Hutchence put this money beyond the taxman's reach, it was also firmly beyond his Estate's reach, too. So what is his kid going to get? A big fat nothing.

What's not clear, though, is what does happen to the millions of pounds worth of property held in all these front organisations strewn across the world.

1 comment:

Anonymous said...

I am sure Michael is sickened at this sorry mess, it was clear he wanted his child to recieve half of his estate and i'm sure this means all his wealth or whats the point in tying to protect your wealth if you can't in the end give it to family and people you love. Accountants and lawyers are all out for them selfs,somebody somewhere is having a ball on his millions and I'm personally sickened by the whole thing.

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