The consultancy is facing one of the biggest crises in its history following revelations that dozens of PwC operatives used confidential updates on government tax plans to drum up new clients. This is how it happened.
PwC Australia chief executive Tom Seymour was sitting next to the company’s international tax chief Peter Collins in 2015 when he told a Senate inquiry that none of the big four firm’s 5000 employees had acted improperly.
“I have the utmost faith in the ethical standards of the people we employ,” Seymour told the inquiry into corporate tax avoidance in April 2015. “I certainly would be shocked and hugely disappointed if anyone in our firm is breaching laws.”
Neil ChenowethSenior writerNeil Chenoweth was a senior writer for The Australian Financial Review
Edmund TadrosProfessional services editorEdmund 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
