PwC tax scandal
Big four consulting firms accused of ‘lowball quoting’ to win government contracts
An analysis by the Centre for Public Integrity found taxpayers forked out $1.8 billion more than initially expected for big four consultancy contracts awarded over the past decade.
- by Angus Thompson
Latest
Fear and greed: The consulting sector faces a reckoning
Staff at the biggest firms complain of sexual harassment by untouchable executives and workloads so excessive that some contemplate suicide.
- by Colin Kruger
Judge finds PwC broke its own rules when it forced partner to retire
PwC could be facing a hefty legal bill by a former partner who has also flagged defamation action against the firm after being named in a press release.
- by Sarah Danckert
Sayers denies knowledge of PwC tax leaks, or ATO advice to read internal emails
The Tax Office met PwC’s then chief executive, Carlton Football Club president Luke Sayers, in August 2019 – nearly two years after it suspected a PwC partner of leaking confidential Treasury tax plans.
- by Colin Kruger
PwC scandal prompts government crackdown on tax adviser misconduct
The maximum penalty for advisers and firms that promote tax exploitation schemes will rise from $7.8 million to more than $780 million.
- by Angus Thompson and Millie Muroi
Exclusive
PwC
Treasurer refuses to release information on PwC tax leak probe
Jim Chalmers has blocked access to correspondence between the tax office and the federal police over the decision not to launch a criminal probe into the consulting firm. Greens senator Barbara Pocock says the “cone of silence approach” is expected from PwC, not from Treasury.
- by Colin Kruger
Analysis
PwC
Pay, sexual harassment and fraud claims put heat on consulting industry
PwC was not the only one in the firing line this week as a Senate inquiry revealed multimillion-dollar pay packets and a lack of disclosure on wrongdoing.
- by Colin Kruger and Rachel Clun
PwC report got it right on the risks of Commonwealth Games overruns
Multinational consulting firm PwC may not be having the best time of late, but they did have some decent advice about hosting the Commonwealth Games.
- by David Estcourt and Kishor Napier-Raman
Exclusive
Media & marketing
Aussie advertising star buys back stake from ailing PwC
Award-winning Australian ad agency Thinkerbell has agreed to a “corporate conscious uncoupling” with the embattled professional services firm.
- by Calum Jaspan
Former PwC partner resigns from Board of Taxation
Anthony Klein, who got swept up in the tax scandal engulfing the big four consulting firm, has resigned from the highly influential Board of Taxation.
- by Colin Kruger and Rachel Clun
Opinion
OECD
PwC scandal should remind Albanese to stay strong on multinational tax secrecy
The Albanese government has delayed legislation which will make it more difficult for multinationals to hide their tax avoidance. Now is not the time to give in to the tax dodgers.
- by Joseph Stiglitz