PwC Australia must come clean and name the partners and staff who shared drafts of confidential tax laws leading to the firm’s infamous 2023 tax leaks scandal, a Senate inquiry into the matter has demanded. The parliamentary probe, conducted by the Senate’s Finance and Public Administration Committee, follows revelations thatContinue Reading
A former big four partner has been taken to court by the tax office over allegations of promoting a tax exploitation scheme. Australia’s Commissioner of Taxation on Wednesday announced proceedings had been lodged in the Federal Court alleging a former Ernst & Young tax partner had promoted the exploit scheme.Continue Reading
An accountant who is accused of defrauding $26 million from his clients in a tax-related scheme allegedly used the money to fund his lavish lifestyle and gambling habit. NSW Police Raptor Squad began investigating reports of fraudulent misconduct by a registered accounting firm last month, with assistance from the TaxContinue Reading
Embattled consultancy giant PwC has been referred to the federal anti-corruption watchdog over revelations it misused confidential government tax plans to drum up businesses. Greens senator Barbara Pococok made the formal referral to the National Anti-Corruption Commission, which opened its doors for operation on Saturday, to shed light on theContinue Reading
The scandal gripping consultancy firm PwC has deepened, with nine of its partners to take immediate leave. One of the “big four” accounting firms in Australia, PwC has been rocked by a tax avoidance scandal since January. A criminal referral was made last week and there are reports that aContinue Reading
Treasury has referred the PwC tax scandal involving former partner Peter Collins to the Australian Federal Police for a criminal investigation. Treasury secretary Steven Kennedy confirmed the referral in a statement issued by the department on Wednesday evening in which he said Mr Collins had “improperly used confidential commonwealth information”Continue Reading