via wikimedia.orgMusic / NewsArctic Monkeys accused of avoiding up to £1.1m in taxesI Bet You Look Good Trying To Explain This To HMRCShareLink copied ✔️July 9, 2014MusicNewsTextZing Tsjeng Thought big commercial entertainers like Gary Barlow were the only tax avoiders in British music? Turns out indie artists aren’t averse to fiddling the books either. An investigation by the Times reveals that Arctic Monkeys are among a list of 1,200 high-earners who have avoided paying their taxes, including George Michael, Sir Michael Caine, Katie Melua and Anne Robinson. The celebrities allegedly cooked the books by investing in a controversial tax avoidance scheme run by a company called Liberty. According to the secret database obtained by the Times, Arctic Monkeys frontman Alex Turner and his bandmates Jamie Cook, Nick O’Malley and Matt Helder each paid between £38,000 and £84,000 in fees in order to shelter between £557,000 and £1.1 million in taxes. You could buy more than 69,000 copies of their album AM off iTunes for £557,000, let alone over a million. But that’s nothing compared to other offenders who were named and shamed in the report. George Michael allegedly invested in Liberty seven years ago and tried to shelter £6.2 million. Arctic Monkeys have refused to comment on the allegations so far. But hey, unlike Gary Barlow, at least they don't have an OBE to worry about. Escape the algorithm! Get The DropEmail address SIGN UP Get must-see stories direct to your inbox every weekday. Privacy policy Thank you. You have been subscribed Privacy policy Expand your creative community and connect with 15,000 creatives from around the world.READ MOREWhat makes a good sex song?Rap band WHATMORE are the sound of New York adolescence MerrellMerrell 1TRL trades the trail for Shoreditch to launch Moab Slide Woven‘Emo boy got the party lit’: The UK underground has a new identity crisisRawayana: How a Venezuelan pop band became political exiles‘Silence is punk as fuck’: Frost Children and Ninajirachi go head-to-head‘Fast, angry, chaotic’: The story behind the Prodigy’s ‘Firestarter’ video‘There’s been tears’: RZA on the final days of Wu-Tang ClanWhat went down at the beabadoobee Dazed cover signing Kim Gordon selects: What to listen to, watch and read7 of beabadoobee’s greatest collabsPhotos from the Universal Music’s BRIT Awards afterparty in ManchesterEscape the algorithm! Get The DropEmail address SIGN UP Get must-see stories direct to your inbox every weekday. Privacy policy Thank you. You have been subscribed Privacy policy