Last time PwC came a cropper with the Tax Practitioners Board, it resulted in a slew of partner and executive departures, a senate inquiry, the sell-off of part of its consulting division, and a ban on it doing any work for the federal government.
It was, of course, the tax leaks scandal, brought on by the TPB banning former PwC partner Peter Collins for integrity breaches. The fallout isn’t over either. The tax professionals watchdog and the federal police are still investigating many of the individuals involved. We hear they are edging closer to taking action.
