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PwC clears itself of misleading ATO on FIRB application

Edmund Tadros

PwC Australia says an internal review found no evidence the firm had misled the Tax Office about a foreign investment application that reportedly prompted a Treasury review of cases involving aggressive tax minimisation structures.

In a new round of answers to questions on notice to a parliamentary committee, the firm said it was limited by tax secrecy laws and client confidentiality about what information it could give about a Foreign Investment Review Board application that the ATO raised with then-PwC chief executive Luke Sayers on 29 August, 2019.

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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

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    Original URL: https://www.afr.com/companies/professional-services/pwc-chiefs-past-and-present-line-up-for-inquiry-blockbuster-20240801-p5jyhr