Category: PricewaterhouseCoopers

Health Puts PwC Contracts Back Under the Microscope

June 2, 2023
AustraliaPricewaterhouseCoopersWorld
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The federal health department is taking a fresh look at contracts worth $25 million with PricewaterhouseCoopers (PwC) check on any conflicts of interest. A Senate estimates committee heard on Friday the department had 12 contracts with the major consultancy firm. “We are actively engaging with PwC at the moment to identify any of those potential…

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PwC Stands Down 9 Executives and Apologises for Tax Scandal

May 28, 2023
AustraliaBusiness & MarketsCompaniesPricewaterhouseCoopersPwCWorld
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International consulting firm PricewaterhouseCoopers (PwC) has stood down nine employees and apologised to Australia for betraying the country after it was revealed the company used confidential federal government information to generate a product that enabled companies to avoid paying taxes in Australia. PwC Acting Chief Executive Kristin Stubbins said in a media release on May…

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PwC Stands Down 9 Executives While Apologising for Tax Scandal

May 28, 2023
AustraliaBusiness & MarketsCompaniesInternationalPricewaterhouseCoopersPwCWorld
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International consulting firm PricewaterhouseCoopers (PwC) has stood down nine employees and apologised after it was revealed the company used confidential federal government information to create a product that could help businesses avoid paying taxes in Australia. PwC Acting Chief Executive Kristin Stubbins said in a media release on May 29 that internal investigations by the…

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PwC Facing Potential Criminal Charges

May 23, 2023
AustraliaBusiness & MarketsCompaniescorruptionPricewaterhouseCoopersWorld
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The Australian government is considering taking criminal action against one of the world’s largest consulting firms PriceWaterhouseCooper (PwC) following revelations the company used confidential treasury information to create a system that enabled large companies to avoid paying Australia’s newly devised taxes. Australia’s Assistant Treasurer and Minister for Financial Services Stephan Jones has confirmed that the Australian…

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