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 laws
Ex-CEO Tom Seymour will depart the firm early at the end of September
Former Telstra CEO Ziggy Switkowski is reviewing the firm, he’ll report by September
Treasury has now referred the matter to the Australian Federal Police
PwC is now unlikely to win the external audit tender for Lendlease despite earlier being a favourite for the role, in one of the first signs the consulting giant’s ongoing tax leaks scandal is beginning to affect the firm’s ability to win work from commercial clients.
Lendlease had been running a process to select an auditor. Paul Rovere
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