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
The federal finance department has directed PwC to “stand down” any personnel who knew about the tax leaks from all government contracts, as the Albanese government ramps up its response to the scandal.
Finance secretary Jenny Wilkinson emailed senior executive staff on Wednesday and said the government’s 413 contracts with major suppliers would be tightened, so that “existing and future contacts” could be cancelled for bad behaviour.
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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Email Edmund at edmundtadros@afr.com.au
Tom McIlroy was the Financial Review’s Canberra bureau chief.
