Treasury is reviewing whether a criminal investigation should be pursued against Peter Collins,the former PwC partner who masterminded the tax avoidance scandal engulfing the firm.
Embattled PwC is attempting to rehabilitate its image without firing any of the executives involved in the tax avoidance scandal,but questions about its integrity are not going away.
If those running the accounting firm believe that undertaking some kind of internal investigation into its culture will provide them with a get-out-of-jail-free card,they are woefully mistaken.
PwC Australia boss Tom Seymour has stepped down from his position as the fallout from the tax leak scandal continues to weigh on the firm.
Treasurer Jim Chalmers says the federal government is considering further action against PwC and former partners over a leak of confidential government tax plans. But he has declined to clarify whether criminal charges are being considered.
An 148-page document reveals the damning evidence that led to a former PwC partner being banned for leaking confidential government plans to combat tax avoidance.
A foolish attempt to help multinational companies avoid paying tax in Australia has backfired on the multibillion-dollar professional services industry,infuriating Canberra and potentially costing firms billions in fees.