Hogan settles seven-year tax battle

'Crocodile Dundee' star Paul Hogan has resolved his seven-year battle with Australian tax authorities over alleged unpaid taxes dating back to his first international hit movie in the 1980s.

Hogan and his friend and producer John Cornell said through their lawyer, Andrew Robinson, that the pair had reached a settlement with tax authorities to resolve more than AUS$150m (€118.25m) in alleged unpaid taxes and penalties.