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Arctic Monkeys And George Michael "Involved In Tax Avoidance Scheme"

Michael Caine and Katie Melua have also been named.

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Over 1,200 celebrities and high earners have been accused of using tax avoidance schemes to avoid paying £1.2 billion.

In data obtained by The Times, the celebrities have been accused of investing in a tax strategy run by a company called Liberty.

Although Liberty was operating legally, new Treasury legislation means the stars will probably have to pay back millions of pounds in disputed tax.