VIDEO | Paul Hogan allowed to return to US after tax problems in Australia

The 70-year old, who was born in Australia but lives in Los Angeles, was served an Australian Taxation Office (ATO) order last month, after returning to Sydney, Australia for his mother’s funeral. Hogan’s lawyer said a deal had been concluded with tax officials in a “cordial and co-operative” meeting.

The ATO is reportedly seeking tax on $37.5 million of allegedly undeclared income from the actor.

Hogan said to Australia’s Nine network this week that he is unable to pay "10% of what they're asking".

"I don't have, and never had, the money people think I got," he continued. He denied claims on putting millions of dollars in film royalties in offshore tax havens. .

"While the Commissioner and Mr Hogan remain in dispute on more general taxation issues, Mr Hogan continues to protest his innocence and denies any wrongdoing," his lawyer said.

Hogan became an international star after playing wily bushman Mick “crocodile” Dundee in 1986, which went on to become Australia’s most successful film.

Hogan now lives in Los Angeles with actress wife Linda Kozlowski, his co-star in the Crocodile Dundee films.