Kanye reveals he owes $50million in taxes

Kanye West has revealed that he owes $50million (£41.6m) in taxes.

Throughout a current interview on Tim Pool’s Timcast IRL podcast (which the rapper stormed out of after being challenged on his antisemitic views), Ye stated the Inner Income Service had locked down $75m (£62.4m) in his accounts as a result of he owes $50m in tax.

• READ MORE: Along with his “White Lives Matter” stunt, has Kanye West lastly hit the purpose of no return?

West advised Pool that his “finance individuals” had notified him that he’ll “need to pay loads of taxes”, per The Independent.

“I’m speaking about actually discovering out that they have been attempting to place me in jail this morning,” he continued. “However I came upon … they put a $75m maintain on 4 of my accounts.”

West added: “After which they stated, ‘You owe loads of taxes’. Took me like six hours to learn the way a lot… round $50m.”

The ‘DONDA’ artist acknowledged that he’s “clearly not probably the most financially literate individual on the planet”, saying that he’s spoken to “completely different CFOs” inside his enterprise to work out whether or not not paying the funds would quantity to tax evasion.

“So now… I get to truly learn to run an organization,” West went on. “I get to find out how… to rely, actually. It’s like I didn’t even know the place to place the cash.”

Moreover, Ye claimed that he was attempting to purchase his personal financial institution. You’ll be able to watch the interview in full above.

The information comes after West and Kim Kardashian reached an settlement concerning the phrases of their divorce, with the previous couple finalising proceedings this week.

The rapper is required to pay Kardashian $200,000 (£167,000) per thirty days in youngster help. The ex-spouses have additionally agreed to every cowl 50 per cent of their youngsters’s medical, academic and safety bills.