Jacobsen, Joye split over Dirty tax issues
Sat August 4, 2012 11:05am
AUSTRALIAN musical industry veterans Kevin Jacobsen and his brother Col Joye are reportedly the latest celebrities to be investigated by federal police over alleged tax avoidance.
But in a twist, Fairfax papers report Jacobsen was the one who tipped off the Australian Tax Office (ATO).
Operation Wickenby began looking at the brothers' affairs in March 2009 when Jacobsen became alarmed about the tax structures surrounding the family company over earnings from the hit stage musical Dirty Dancing.
Jacobsen told Fairfax he contacted the ATO to separate himself from the issue when he was alerted to the the problem by tax consultants Page Harrison.
Jacobsen and Joye created a worldwide music promotion company but split later in 2009 after a bitter falling out, the paper reported.