The Australian Federal Police has commenced a criminal investigation into PwC and its former partner Peter Collins.
The accounting firm has confirmed they will co-operate with an international investigation of the tax scandal engulfing the firm in Australia.
A lynch mob for PwC is growing. Will the appointment of veteran troubleshooter Ziggy Switkowski be enough to silence critics?
Former NBN Co chairman Ziggy Switkowski has been appointed to lead an independent review of PwC’s troubled Australian operations,with the power to fire people involved in the tax scandal.
It’s been the scandal that keeps on giving and PwC Australia is feeling the extreme discomfort of consequence creep.
The Greens and integrity experts are urging the Commonwealth anti-corruption commission to investigate the tax leak scandal at consulting giant PwC.
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.
Multinationals also face a new minimum tax rate,while gas companies will be slugged an extra $2.4 billion over five years under changes to the Petroleum Resource Rent Tax.
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.