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
There are growing calls for those involved to leave the firm and for PwC to be banned from government contracts
PwC Australia chief executive Tom Seymour has stepped down three days after confirming he was linked to a tax leaks scandal that had threatened the firm’s ability to win work from its largest client, the federal government.
On Friday, Mr Seymour confirmed he was one of dozens of partners who received emails related to confidential Treasury information obtained by the firm’s former head of international tax, Peter Collins.
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correction —
This article has been updated to remove an incorrect reference to Mr Seymour flying into Sydney on May 8.
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
Samantha Hutchinson is the AFR's National Reporter. Most recently, she was CBD columnist for The Sydney Morning Herald and The Age. Before that, she covered Victorian and NSW politics and business for The Australian, the AFR and BRW Magazine. Connect with Samantha on Twitter. Email Samantha at samantha.hutchinson@afr.com.au
