Arctic Monkeys Involved In Tax Fraud

Arctic Monkeys members accused of sheltering upwards of £1.1 million in tax fraud.

The Arctic Monkeys have always been a fan of the theatric. From their odd videos for “Snap Out Of It” and “Arabella“, along with their strange BRIT Award acceptance speech, these guys are a little off as of lately.

The most recent AM scandal comes in the form of a UK tax fraud list, leaked to The Times of London as a “secret database.” All four band members; Alex Turner, Jamie Cook, Nick O’Malley, and Matt Helders, have been named in a list of close to 1,600 UK citizens that are being accused of sheltering a combined total of approximately £1.2 billion ($2.2 billion CAN.)

Rumour has it that the band paid fees of £38,000 to £84,000 to a Leeds’ based company to help shelter £557,000 to £1.1 million ($2 million CAN). This Liberty Tax Scheme is one of Britain’s biggest tax-avoidance schemes, done by generating substantial artificial “losses” offshore, keeping this money out of reach of the Revenue.

George Michael, Katie Melua, Gary Barlow, and Sir Michael Caine were also named in the list.

The band has yet to comment on the subject.