Why it matters: PwC used secret government info to advise clients how to sidestep new tax laws
Ex-PwC tax partner Peter Collins was helping Treasury develop tax law
He was also sharing confidential information he gleaned with colleagues
The firm advised 14 clients how to sidestep the new tax laws, booking $2.5m in fees
Accounting giant PwC Australia charged $2.5 million in fees to advise 14 clients how to sidestep new multinational tax avoidance laws in 2016, relying on leaked intelligence from disgraced tax partner Peter Collins.
PwC emails released on Tuesday in response to questions on notice by Labor Senator Deborah O’Neill show multiple partners of the big-four firm were aware Collins was leaking secret government documents and praised him for his revelations.
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Neil Chenoweth is an investigative reporter for The Australian Financial Review. He is based in Sydney and has won multiple Walkley Awards. Connect with Neil on Twitter. Email Neil at nchenoweth@afr.com.au
Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
