Eight partners have been shown the door by major consultancy firm PwC following a high-profile confidentiality breach involving secret federal tax information. Former chief executive Tom Seymour, who has already stepped down ahead of his retirement date, was on the list of eight names either directly involved with the information breach or in the firm’s…
Tainted PwC Partners and Staff to Be Publicly Named
All PwC partners and staff found to have done wrong will be named once an investigation into the tax advice scandal is over, an inquiry has been told. The revelation came as PwC’s acting chief executive Kristin Stubbins said offloading the firm’s government consultancy business and appointing a new CEO showed its commitment to accountability. PwC…
PwC Australia Offloads Government Consultancy for $1
A new CEO has been parachuted in to run the embattled consultancy firm PwC Australia, which is offloading its money-making government consultancy business for $1 (US$0.67). Acting CEO Kristin Stubbins has been turfed after seven weeks and will be replaced by the parent’s Singapore-based global clients and industries leader Kevin Burrowes. PwC also announced it has…
Nearly 80 Percent of Australians Want PwC Banned From Government Contracts: Survey
A majority of Australians want consulting firm PricewaterhouseCoopers (PwC) to be banned from government contracts following the revelations the company used confidential government information to create products that allegedly allowed clients to not pay tax. According to research released on June 20 by the Australia Institute, 79 percent or four in five Australians want the consulting…
New South Wales Temporarily Bans PwC Amid Ongoing Federal Investigation
The government of the Australian state of New South Wales (NSW) has placed a temporary ban on scandal-plaguing consultancy firm PricewaterhouseCoopers (PwC) as it seeks to improve the quality of consultant services provided by third parties. On June 15, the NSW government announced that it would suspend PwC from getting new government contracts concerning taxation…
PwC Stands Down 9 Executives and Apologises for Tax Scandal
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…
PwC Stands Down 9 Executives While Apologising for Tax Scandal
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…
Greens Seek to Release List of Names in PwC Tax Leak
The Greens have sought to publicly release a list of names of Pricewaterhouse Coopers (PwC) employees allegedly involved in the tax advice scandal. But the finance committee on May 26 decided instead to refer the tabling of the document to Senate Clerk Richard Pye after concerns were raised it could jeopardise an Australian Federal Police…
Executive Behind PwC Tax Scam Referred to Police Over Release of Confidential Information
Peter-John Collins, the former Australian head of the international tax department at consulting firm giant PricewaterhouseCoopers (PwC), has been referred to the Australian Federal Police (AFP) over the improper use of confidential government information. In a statement released on May 25, the Secretary to the Treasury, Dr. Steven Kennedy, said that the emails from the Tax…
PwC Consulting Scandal to Be Referred to Anti-Corruption Commission
One of the world’s largest financial consulting firms, PricewaterhouseCoopers (PwC), has been referred to Australia’s Anti-Corruption Commission (NACC) after a government inquiry revealed the company allegedly planned to cheat the Australian government out of tax revenue from the firm. Greens Senator Barbara Pocock, who initiated the senate inquiry, announced she will be referring the company…
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