David Beckham, George Michael Acussed Of Tax Fraud

David Beckham, George Michael and Sir. Michael Caine are allegedly involved in a tax avoidance schemes.

51-year-old George and 81-year-old Academy Award-winner - Sir Caine- have reportedly been hiding their money in a Liberty tax strategy which generates large artificial losses offshore and allows them to avoid tax on other income.

According to The Times newspapers, a secret database was leaked which proves that George and Michael as well as top businessmen, lawyers and NHS doctors have all sought to save money by using the scheme.

Meanwhile, David and Victoria Beckham, as well as England soccer captain Steven Gerrard and TV presenters Ant and Dec, are said to have been investing in Ingenious Media - a movie investment company that is being investigated by HM Revenue and Customs over tax avoidance allegations.

According to Mercury Tax Group's secret documents, George Michael is believed to have paid Mercury Tax Group, the Leeds based company that ran the scheme, £443,000 to shelter £6.2 million in record and tour sales. Meanwhile, 'Zulu' actor Michael Caine is also believed to have used Liberty to hide out at least £600,000.

A spokesman for the actor told The Times newspaper: 'We have no comment to make for or on behalf of Michael Caine.'

None of the accused has made any comment yet.