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 and ATO develop tax laws
PwC’s global leadership has now intervened and is doing its own review
Ex-CEO Tom Seymour will depart the firm early at the end of September
There are calls for PwC to be banned from government contracts over the scandal
Home Affairs secretary Mike Pezzullo says the PwC tax leaks scandal is a “salutary example” of the type of alleged conduct that should be referred to the national anti-corruption watchdog.
Mr Pezzullo also said he was “not confident” in the firm but added that there was no “lawful basis” to ban PwC from winning further contracts from his department.
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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
Jacob Greber was The Australian Financial Review’s senior political correspondent. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.com
